The Volkswagen Group is taking a fresh look at its brands as they face future challenges and opportunities.
It may mean uplifting Seat models while Skoda will scale down premium extras in future models and focus more on previously neglected markets, especially in eastern Europe against Hyundai, Kia and Dacia and all brands will have to reduce overlaps and clashes in ranges.
A change in reporting criteria in America means that Fiat Chrysler Automobiles have over-stated sales between 2012 and 2016 and have now been fined $40 Million by the US Securities and Exchange Commission, according to Bloomberg reports.
The circumstances involved fictitious buyers and sales dates intended to boost income from “co-operative market funds” to pay bonuses.
McLaren will stay with Renault engines until the end of next season and then return to Mercedes power until 2024.
The German engines had been used by McLaren from 1995 to 2014 and gave Lewis Hamilton his first GP Driver’s title before a lack-lustre performance with Honda until they switched to the French supplier last season.
Swiss authorities raised over £22M from the forced sale of 25 supercars which once belonged to Equatorial Guinea’s vice-president Teodoro Obiang, under investigation for money laundering.
A 2014 white Lamborghini Veneno Roadster sold for £6.80 million, some 50% more than estimated, and a 12-year old Bentley with just 843miles recorded was knocked down for £91,500.
Heavy rain combined with high tides has closed roads, rail lines and affected river and coastal areas around Wales.
The Met Office has issued yellow weather alerts meaning people have to take action will imminent flooding expected and Natural Resources Wales has said flooding is likely in around estuaries and rivers.