Standard & Poor’s downgraded Volkswagen’s rating on long-term debt Monday, and said the company’s diesel scandal indicates poor management. The financial agency further warned that its debt rating could be cut further if the automaker doesn’t immediately address the deepening scandal, Bloomberg reported (via Automotive News).

“VW has demonstrated material deficiencies in its management and governance and general risk-management framework,” Alex Herbert, a London-based analyst at S&P, said according to Bloomberg. “VW’s internal controls have been shown to be inadequate in preventing or identifying alleged illegal behavior.” Further damage and other violations “represents a significant reputational and financial risk.”

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A study commissioned by Bloomberg, conducted by Stout Risius Ross, revealed that Volkswagen’s rate of injury or fatal crashes reported by the automaker was significantly lower than 11 other automakers and nine times less than the industry average.

“The data demonstrates that even on a fleet-adjusted basis, the number of reported incidents by Volkswagen is significantly below what one would expect based on those reported by other automakers,” Neil Steinkamp, a Stout Risius managing director, told Bloomberg. “They are also significantly below the reporting of automakers that have already been cited for non-compliance.”

The report calls into question whether Volkswagen has been accurately reporting crashes, as required by law. Volkswagen didn’t comment on the report. Read More >

Volkswagen’s chief in the United Kingdom told representatives Monday that cars in that country likely wouldn’t need expensive urea tanks retrofitted to those cars to comply with emissions standards, AutoCar reported.

Volkswagen UK managing director Paul Willis told members of parliament that most of the 1.2 million cars in that country fitted with illegal “defeat devices” to cheat emissions tests would only need a software fix and not an additional urea tank that is widely believed to be needed in U.S. cars. About 400,000 cars would need a fuel injector replacement instead of the costly tank.

It’s likely that many of the cheating Volkswagens in the U.S. would need all or a combination of three fixes — software update, fuel injectors and a urea tank — to bring those cars into compliance.

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United Auto Workers at Fiat Chrysler Automobiles facilities will vote next week on a newly proposed contract to cover 40,000 workers, the Wall Street Journal reported.

Workers will have until Oct. 20 to review the proposed deal, which was reached last week before a threatened strike. According to the report, workers will vote on the deal Oct. 20-21. Roughly 65 percent of workers reportedly voted down the first deal between the automaker and the UAW because of concerns over its tiered pay structure, health care co-op and lack of communication from union leadership. Read More >

“Idiot-proof” is a little harsh. Maybe “Idiot-helping.”

Ford on Monday announced that the Focus RS would sport 350 horsepower and 350 pound-feet of torque — up from 345 and 324 respectively — and have a “stall recovery” feature that restarts the car if you’re a beginner with three pedals in a $36,000 hot hatchback.

The feature is an evolution of start-stop technology, according to Ford. If a driver stalls the Focus RS at a light, the engine will start itself by pressing the clutch again — without shifting into neutral. We asked a Ford spokesman if the feature could be disabled — similar to start-stop in other cars — for situations such as push-starting, but didn’t immediately hear back.  Read More >

A self-professed reformed BMW enthusiast says backlash against Tesla comes from car owners “stuck in the past” who consider grease under their fingernails as a “manliness” status symbol among “nostalgic car weenies.” Basically, military-grade trolling. 

Mike Barnard, a writer at Slate.com, says that the time is coming for internal combustion engine fans to give up the ghost and get with Tesla because:

People who don’t like hybrid race cars and production supercars are saying that they don’t like better all-around performance—they just really only love things with cylinders and pistons, make of that what you will.

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Fiat Chrysler Automobiles on Monday finally priced its initial price offering for Ferrari at $48 and $52 per share for 10 percent of the luxury carmaker when its stock goes sale, the Detroit News reported. The pricing values Ferrari at roughly $9.8 billion — less than the $12 billion reported last week — and analysts say the interest in the stock, which will trade under the symbol RACE, is roughly 10 times higher than available shares.

The IPO is part of FCA’s long-term strategy to raise cash for investment in its own vehicles in Jeep, Dodge, Fiat, Chrysler and Maserati brands. According to paperwork filed ahead of the IPO, 10 percent of the company will remain with Ferrari scion Piero, 80 percent will be distributed among Fiat family ownership.

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Not since 2009 has General Motors ended a calendar year with more total pickup truck sales than Ford. Moreover, not since 2009 have General Motors’ full-size pickup trucks, combined, outsold the Ford F-Series.

As GM’s current generation of pickup trucks overcame their slow start and GM added midsize pickup trucks to their fleet – and as Ford entered a transition phase between old F-150 and new aluminum-bodied F-150s – 2014’s results were close. Yet even in those circumstances, Ford Motor Company sold 1,000 more pickup trucks than General Motors in the United States last year.

2015 is very, very different. As Ford gradually ramped up F-150 availability for much of the year and as the clear-out of remaining last-gen models ended, total F-Series sales slid 2.4 percent through the first half of this year. Meanwhile, GM’s full-size twins are stealing market share, not just from the F-Series, but from the Ram P/U range, as well. Read More >

I suppose that technically, the first sports car to come to the U.S. from Japan was the Toyota 2000GT, but very few of those were ever sold. The cars that fueled the performance revolution from the East were the Nissan Z-cars. The early 240Z is especially sought after by enthusiasts and collectors due to the good performance brought by light weight and minimal power-robbing emissions crap.

The later cars, like most cars (and people, really) got fat as they aged. The 280ZX gained a bunch of weight as they were geared toward a cruiser rather than a stripped-down, performance machine. In 1984, the 300ZX came along with a new engine and angular styling that was divisive among fans of the older models.

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While Honda has traditionally been a company of engineers pushing the boundaries of their know how, the 1.5-liter turbocharged engine in the 10th generation Civic almost didn’t happen for 2016 due to some reluctance within the company, reported Automotive News on Sunday.

The new mill was initially slated to be offered as part of a mid-cycle refresh in 2017 or 2018 (possibly for the 2018 or 2019 model years), but with the Civic getting such a thorough overhaul, key people involved in the Civic project made a case for the turbo engine to be offered earlier.

“The thinking was that the new Civic needs this engine to go where we want it to go, to make this model such a leapfrog event, such a strong competitor, not just in North America but around the world,” Gary Evert, the Civic’s chief engineer and North American development leader, told AN.

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Self-titled automotive manipulator Theophilus Chin has rendered up a coupe version of the latest model born in Whitley.

The Jaguar F-PACE shown here sans its two rear passenger doors looks equally sharp and useless like the three-door Land Rover Evoque. Therefore, good ol’ Theo also gave it the best name you could possible give such a creation — F-Utility Coupe, or F-UC.

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Volvo Cars President and CEO Håkan Samuelsson announced Thursday in Washington, DC, that the automaker would “accept full liability whenever one if its cars is in autonomous mode,” making Volvo one of the first automakers to solve one of many important legal issues that face autonomous vehicles.

Volvo made the announcement just days after launching a project in Sweden that will see 100 Volvo XC90s with autonomous functionality hitting the roads around Gothenburg in 2017.

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As Opel begins its retail roll out of the new Astra across Europe, some enterprising spy shooters have found the Opel’s Chinese-market twin wearing Buick tri-shields and Verano GS badging.

And holy shit, this is about to get very, very confusing.

According to Autohome, the Verano GS — marketed as Buick Weilang GS in China — is expected to be revealed at the Guangzhou Auto Show with GM’s 169 horsepower, 1.5-liter turbocharged engine and 7-speed dual-clutch automatic transmission. The same engine will be used in North America in the new Malibu, albeit with a six-speed automatic transmission.

Now before you get too excited about those GS badges, it may not mean what you think it means, at least in this case.

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Update: Official statement from EPA.

During his voluntary testimony for a congressional committee Thursday, Volkswagen of America CEO Michael Horn announced the company would withdraw their application for emissions certification for 2016 model year Volkswagens powered by 2-liter diesel engines.

However, the reason for that withdrawal is not directly related to the “defeat device” that’s been at the center of the ongoing diesel controversy.

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Police in Rapid City, South Dakota arrested a man they say stole a bulldozer and dozed electrical poles, rammed a pickup and damaged a building Sunday.

Authorities said 21-year-old Justin Thornley stole a bulldozer from a construction site and demolished a house before ramming other objects.

According to the Rapid City Journal, officers needed beanbags fired from a shotgun, a Taser and pepper spray to arrest Thornley.  Read More >