Massive investments and turning $1.6 billion of debt into equity have started to pay dividends for the manufacturer of Russia's iconic Lada.
Introducing the latest automotive trends, the 2018 New York International Auto Show unveils nearly 1,000 cars at North America’s biggest auto exhibition.
Governments around the world believe the policies of banning fossil usage are necessary to improve air quality and reduce the risk to the environment.
The carmaker's sales jump 10.4 percent over the comparable period a year earlier and far outpaced the overall market which expanded by 2.6 percent.
The decision makes Sweden-based company the first major traditional automaker to set a date for phasing out vehicles powered solely by the internal combustion engine.
The Tokyo-based car parts giant is facing lawsuits and huge costs over an airbag defect linked to at least 16 deaths globally. News reports have said its liabilities would exceed one trillion yen ($9 billion).
The company denies installing devices to cheat on emissions controls from 104,000 diesels engines that it produced.
Four car manufacturers have agreed to a $553 million deal with Japan's Takata over the defective airbags that were blamed for 16 deaths and resulted in the recall of 16 million vehicles.
Forced retrenchments are not expected and the cuts are likely to come through voluntary layoffs.
Audi's new system allows the vehicle to display a countdown before a traffic light turns green or red which it says will relieve anxiety when approaching or taking off from an intersection.
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