Auto News For Monday, October 12, 2015 – Volkswagen USA Dealers Are Worried About Money
Here are the five must-read, must-watch auto news stories, recalls and videos for Canadian Thanksgiving, Monday October 12, 2015.
“The dealer profitability in this country is my first objective,” Volkswagen of America boss Michael Horn told a congressional panel last week. But dealers are already very worried that the latest cash infusion from Volkswagen won’t be nearly enough to cover a downturn’s losses.
INSIDE THE AUTO INDUSTRY
As Fiat Chrysler Automobiles prepares its Ferrari initial public offering, the brand’s value has been set at $9.8 billion. FCA will be offering 10% of Ferrari’s value to new shareholders.
Mazda is recalling 14,406 copies of the 3 compact car (model years 2015 and 2016) because they’re, “equipped with a fuel tank with a shut-off valve that can allow fuel to enter into the fuel tank emissions systems.
In the next few weeks, our test of a 2015 Jeep Renegade will be forgotten, displaced by memories of a Jeep Grand Cherokee EcoDiesel review. In Road & Track’s long-term test, they averaged more than 700 miles per tank.
We didn’t carve out a space for Alex Dykes’ weekly Alex On Autos car review last week, so we bring it to you here now. A couple weeks ago, we published a review of the 2016 Audi A6 3.0 TDI. Now it’s Dykes’ turn to bring you a review of the gas-fired 2016 Audi A6 3.0T.