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FTThe Financial Times

Peugeot agrees deal to revive Iran partnership

PSA Peugeot Citroën is to contribute more than €400m-worth of compensation to Iran’s biggest carmaker for losses it incurred when the French carmaker left the country, as the two companies embark on a new joint venture to build vehicles. Iran Khodro said that Peugeot had agreed to the arrangement to make up for problems caused in 2012, when it withdrew from Iran to comply with international sanctions against Tehran over its nuclear programme.

Driverless cars: London wants Google vehicle trials

Transport bosses in London want Google to try out its driverless cars in the capital.

Deputy Mayor for Transport Isabel Dedring said discussions were at an early stage but “we would be keen for trials to happen”. The battery-operated vehicles use a system of lasers, radar and cameras to detect objects around them in order to complete journeys. Google is understood to be focused on testing only in the US at present.

The project, which began in 2009, has seen the vehicles clock up more than 1.4 million miles at test tracks in California and Texas.

The Guardian

Volkswagen claims chief expects most car owners to accept redress

Volkswagen will offer generous compensation packages for the roughly 600,000 US owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. The German carmaker has still not decided whether vehicle owners will be offered cash, car buybacks, repairs or replacement cars, Kenneth Feinberg told Frankfurter Allgemeine Sonntagszeitung. In December Volkswagen asked Feinberg – who earlier headed the compensation funds for the 11 September attacks, the BP Deepwater Horizon oil spill and General Motors’ ignition switch crashes – to create and administer the programme.

Posted by Sue Robinson on 12/02/2016