Volkswagen is considering dropping the plans to launch a low-cost brand in emerging markets, as previously forecast. According to Autocar website, the German company was having trouble balancing the quality of new vehicles with reduced prices.
Honda is facing major problems with its new dual-clutch automatic transmission, known in Japan as DCT. The brand announced on Monday, February 10th, the third consecutive recall due to a problem in the transmission.
Honda reported overall profit of 1.57 billion dollars in the fourth and final quarter of 2013. According to figures released on Friday (31), the gains of this period is double that obtained between October and December 2012.