Porsche’s next-generation Panamera (likely 2017) was spotted going through its paces in Colorado this week. The new car will be the first MSB platformed car for Porsche, which is expected to underpin more Stuttgart models — and perhaps the Bentley Flying Spur.

Two models were visible in Colorado, including what could have been a Panamera S with a large rear spoiler. (Pictures after the jump.)

The stopover in Colorado is usually one of the last powertrain tests a car will undergo before its final announcement.  (Read More…)

Buick announced Wednesday that its first convertible-only model in the U.S. for 25 years will start at $34,915, including $925 destination, when it goes on sale early next year. The Cascada Premium model, which adds front and rear park assist and other safety features, will start at $37,915.

The front-wheel drive, 2+2 convertible will come standard with 20-inch wheels, remote start, backup camera, heated seats and LED headlights.

The Cascada will line up against the Audi A3 Cabriolet, which starts at $37,525, including $925 destination, and the Mini Cooper Convertible, which starts at $26,550, including $850 destination, for coveted upper middle-class divorcee money.

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Volkswagen CEO Martin Winterkorn announced his resignation after an emergency meeting held Wednesday. Five supervisory board members met with Winterkorn on Wednesday ahead of a regularly scheduled meeting Friday.

Winterkorn resigned five days after it was announced that 482,000 Volkswagens in the U.S. had illegal “defeat devices” that allowed them to cheat through emissions tests. It later came out that 11 million cars worldwide had the programming, and the company set aside more than $7 billion to pay for the ongoing scandal.

As CEO I accept responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group. I am doing this in the interests of the company even though I am not aware of any wrongdoing on my part.

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Five senior members of Volkswagen’s supervisory board are meeting Wednesday to discuss the future for the automaker after stock prices have plummeted and the company has publicly acknowledged it cheated worldwide emissions tests, the BBC reported.

The smaller Wednesday meeting is ahead of a regularly scheduled full board meeting Friday, where members are expected to discuss the contract extension to 2018 for CEO Martin Winterkorn. According to reports, Winterkorn’s future may be decided before Friday’s meeting.

Winterkorn issued a video statement in German on Tuesday apologizing for the scandal, but stopped short from resigning from the top VW post. The German newspaper Der Tagesspiegel reported that Winterkorn would be replaced this week.

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Speaking at an event in suburban Detroit, National Highway Traffic Safety Administration chief Mark Rosekind said Volkswagen’s admission that they lied about emissions in their diesel cars erodes confidence in automakers.

“They tell you one thing, you question it,” Rosekind said to reporters, according to Automotive News. “You just have to question every assumption when information is provided.”

Recent scandals including VW, hackable cars and airbag defects erode consumer confidence and that more must be done by automakers before cars go on sale, he said.

“Accountability in leadership is literally at the top of the list, and we’ve just got to be out front, acting, talking and doing everything we can to demonstrate that it should be in their genes,” Rosekind said, according to Automotive News.

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Nissan unveiled its newest Altima in New York on Tuesday, complete with Maxima-like headlights and hood lines.

The newest Altima will sport the same engine options as the last model, a 2.5-liter I-4 and 3.5-liter V-6. The former produces 182 horsepower and 180 pound-feet of torque, with the latter making 270 hp and 251 lb.-ft. of torque. Both are paired to a continuously variable transmission with “7-step manumatic” paddle shift.

The Altima also adds a sporty SR trim, which can have both four- and six-cylinder engines, stiffened suspension and a rear decklid spoiler.

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Amid slumping sales and a snowballing diesel-emissions crisis, Volkswagen announced Monday a plan to offer more money to dealers for cars that they can sell.

Over the weekend, Volkswagen issued a stop-sale for cars equipped with their 2-liter diesel engine after admitting the those cars cheated to pass emissions test. According to Automotive News, a Sept. 21 letter from Volkswagen to its dealers offered $300 bonus cash for every new car sold and $600 for every Passat sold. (The Passat is the already second-best deal in America right now, according to Kelley Blue Book.)

In addition to the bonus cash, dealers will also receive a bonus totaling 1 percent of sticker from each new vehicle sold in the third and fourth quarters.

“In light of recent events, we are committed to taking actions which will stabilize your profitability in the near-term,” Volkswagen U.S. chief Michael Horn said in the memo, according to Automotive News. “We understand the pressure these recent events have put your business under and we are committed to providing you support.”

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In all reality, Volkswagen probably won’t pay $37,500 for each car that cheated its way through U.S. emissions standards, but the German automaker will probably pay thousands for each car to fit a device that would clean up their acts.

The presumed fix would come by retrofitting a Selective Catalytic Reduction (Adblue or urea) system although that wouldn’t be the only fix necessary. Researchers discovered that the Passat TDI that they tested, fitted with the SCR system, was 5 to 20 times over the NO limit — less than the 10 to 40 times by the lean NO filter cars, but still illegal.

The long list of items needed to fit models of the Volkswagen Golf, Jetta, Beetle and Audi A3 doesn’t include the engineering needed to retrofit the cars and the costs to crash test the models after the significant modifications. That’ll add hundreds of millions to the bottom line.

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Volkswagen rolled out its 2016 Passat on Tuesday in the thick of a growing scandal around the company’s admission that it cheated on emissions tests worldwide.

The new mid-size sedan sports a new front and rear end, updated instrument panel and infotainment with Apple CarPlay and Android Auto (and USB connectivity!), and for the first time will boast an R-line model with 19-inch wheels.

Last year’s engines carry over: A base 1.8-liter turbocharged four and a 3.6-liter VR6 will power the Passat. According to VW, a 2-liter turbocharged diesel (yes, that diesel engine) will be available in the Passat, but it’s unclear when Volkswagen may begin selling that engine option.

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Apple will formalize what kind of car it may produce (or have already produced) by 2019, the Wall Street Journal reported.

According to the report, the Cupertino, California-based company has labeled the car a “committed project” but stopped short of saying that the car would be delivered to consumers by 2019. The report only indicates that the car could be ready for consumers, finalized or conceptualized by engineers by 2019.

If all this seems vague, consider that most of the project’s executives have essentially vanished into witness relocation after joining Apple to work on the car.

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The investigation that Volkswagen installed illegal “defeat devices” on its cars to cheat emissions tests will reach the U.S. Department of Justice, Bloomberg (via Automotive News) reported.

Sources within the department said they would investigate the automaker, but no details were given.

The Justice Department recently suspended prosecution of General Motors for covering up a faulty ignition switch that was linked to 124 deaths. It’s unclear what, if any charges, could be brought against Volkswagen for the illegal emissions, however the Justice Department charged GM with wire fraud violations in conjunction with its ignition switch coverup. (Read More…)

Volkswagen in Canada will suspend sales of its Volkswagen Passat, Golf, Jetta, Beetle and Audi A3 cars after the U.S. Environmental Protection Agency announced the engines in those cars had an illegal device that “cheated” emissions tests.

“We will work with our colleagues at Volkswagen of America as well as our parent company in Germany to resolve this matter in the most timely fashion,” Volkswagen Canada spokesman Thomas Tetzlaff said in a statement.

Audi Canada has also issued a stop-sale of the Audi A3 TDI, stated Audi Canada spokesman Cort Nielson. No details were available regarding Audi’s plan for continued availability of the A3 TDI.

VW hasn’t announced a timeline for fixing its cars and resuming sales. Over the weekend, VW’s CEO Martin Winterkorn apologized for the scandal.

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Subaru said Monday it would invest $140 million at its Lafayette, Indiana plant to expand production and add 1,200 more jobs at the facility. The announcement is only two years after the growing Japanese automaker said in 2013 they would spend $400 million at the plant to build its Impreza in the U.S. by 2016. (Read More…)

More than $17 billion has been erased Monday from Volkswagen’s value in shareholders’ eyes as the company awaits more fallout from news that the company cheated through emissions tests.

Volkswagen’s stock dropped more than 20 percent Monday after the German automaker announced it would stop sales of its diesel cars on Sunday. New CEO Martin Winterkorn issued a statement Sunday to apologize:

I personally am deeply sorry that we have broken the trust of our customers and the public. We will cooperate fully with the responsible agencies, with transparency and urgency, to clearly, openly, and completely establish all of the facts of this case. Volkswagen has ordered an external investigation of this matter.

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Back in July, TTAC reader Stephen told us that his recently ordered 2016 Audi A3 TDI was sitting at port for an unknown reason and his dealer and Audi couldn’t give him much of a reason why.

“(The cars) are being held at the port as they have not been cleared by Quality and Logistics to be released for port processing yet,” a distribution advocate for Audi wrote in July.

As weeks wore on, Stephen alerted us to the varied responses he received from Audi, which ranged from “quality review” to “government certification.” We reached out to Audi on his behalf and heard from a spokesman that the cars were sitting at port awaiting a certificate of compliance from the Environmental Protection Agency, despite being identical to 2015 models that had already been certified.  (Read More…)