Hyundai's Krafcik on Sales, Premium Vehicles

Jan. 15 (Bloomberg) -- John Krafcik, chief executive officer of Hyundai Motor Co.'s U.S. sales unit, talks about the outlook for the automaker's sales and premium vehicles. Krafcik spoke to reporters yesterday at the 2013 North American International Auto Show in Detroit. (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
22:09 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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