Story of VW emissions scandal coming to big screen

5:26 pm U.S. ET | Oct. 12, 2015

The Volkswagen scandal over diesel emissions tests is headed for Hollywood.... Read More »

VW credit rating cut by S&P; further cuts are possible

4:01 pm U.S. ET | Oct. 12, 2015

VW's credit rating was cut one level today by Standard & Poor’s, which said the German carmaker’s cheating on U.S. diesel-emissions tests indicates management weaknesses that may lead to a further debt downgrade.... Read More »


BLOG: FCA deal finally gives UAW an organizing carrot

2:15 pm U.S. ET | Oct. 12, 2015

A byproduct of the rich new deal that UAW workers demanded of Fiat Chrysler Automobiles -- and their own leaders -- is that the UAW finally has something worthwhile to sell to employees at nonunion U.S. transplants.... Read More »


VW seeks $3.4 billion in savings from suppliers, report says

Oct. 12, 2015 19:06 CET

VW wants to extract $3.41 billion in price cuts from its suppliers as part of a broader cost-cutting program to help mitigate the costs of the emissions scandal that has rocked the company, a German newspaper reported.... Read More »


As crisis grows, Volkswagen dealers fear cash won't be enough

12:01 am U.S. ET | Oct. 12, 2015

A package of special programs to help U.S. Volkswagen retailers cope with the diesel emissions scandal has infused large sums of money -- in the form of incentives, sales bonuses and floorplan subsidies -- into a dealership network that's struggling with sluggish sales, thin profits and, now, a stop-sale order on diesel vehicles.... Read More »


VW began selling cars in UK with cheat software in 2008

Oct. 12, 2015 18:11 CET

VW first sold cars in Britain equipped with software that could cheat emissions tests in 2008, its UK boss, Paul Willis, told UK lawmakers. He said it was implausible that senior executives knew about the test-rigging.... Read More »

Scandal undermines VW's heritage of straight-talk ads

12:01 am U.S. ET | Oct. 12, 2015

Unless VW comes through with a fix that pleases everyone -- one that deletes the software designed to cheat on emissions tests without compromising fuel economy or performance -- the brand stands to lose an army of goodwill ambassadors.... Read More »


VW may have to repay EU loans, bank chief says

Oct. 12, 2015 11:00 CET

The European Investment Bank will examine whether VW Group used any EU loans to cheat on emissions tests for diesel vehicles and could demand money back.... Read More »


Winterkorn to step down from remaining VW Group posts, report says

Oct. 12, 2015 09:38 CET

Martin Winterkorn, who quit as VW Group CEO last month, will step down from his remaining posts at the company that include the Audi chairman position and CEO of Porsche SE, German media said.... Read More »

Mercedes' monthly global sales top BMW, Audi again

7:18 am U.S. ET | Oct. 12, 2015

Mercedes-Benz was the world's best-selling luxury car brand for the third consecutive month in September, surpassing BMW and Audi as demand for coupelike SUVs helped its sales grow twice as fast as at either competitor.... Read More »

VW's Horn takes heat, scolds his bosses

12:01 am U.S. ET | Oct. 12, 2015

In testimony before a U.S. House oversight committee last week, the Volkswagen of America CEO played both the public spokesman for a proud German automaker and the incredulous outsider, aghast at how his employer of 25 years had been able to cheat regulators and customers.... Read More »

Ford commits $1.8 billion to r&d in China

6:28 am U.S. ET | Oct. 12, 2015

Ford will invest $1.8 billion over the next five years to expand r&d in China, the latest effort by the U.S. carmaker to secure a larger slice of the world's biggest auto market.... Read More »


China quality watchdog 'highly concerned' about VW emissions issue

Oct. 12, 2015 11:33 CET

China's quality watchdog said it was "highly concerned" about manipulated software in VW Group diesel cars designed to trick emissions tests and would take appropriate follow-up measures.... Read More »

Auction prices of used diesel VWs slump

12:01 am U.S. ET | Oct. 12, 2015

Prices of VW diesel vehicles fell an average of 13 percent between mid-September and Oct. 2, Kelley Blue Book said.... Read More »


12:01 am U.S. ET | Oct. 12, 2015

Jim Thomas, who worked in automotive sales, marketing and public relations, died Sept. 23. He was 67.... Read More »

VW-brand days supply rises in Sept.

12:01 am U.S. ET | Oct. 12, 2015

The supply of unsold vehicles started to swell at U.S. Volkswagen dealerships after the mid-September stop-sale order on diesel cars.... Read More »

VW No. 1 by more than you think

12:01 am U.S. ET | Oct. 12, 2015

Amid Volkswagen AG's diesel emissions crisis, there's been lots of discussion about the company's global sales ranking -- No. 2 last year behind Toyota and No. 1 through the first half of 2015 by a slender 20,000 vehicles over its Japanese rival -- 5.04 million to 5.02 million.... Read More »

Bill could surge past Deepwater

12:01 am U.S. ET | Oct. 12, 2015

Estimates of the cost burden Volkswagen will bear as a result of its diesel emissions scandal keep escalating. The most mind-boggling calculation so far comes from Credit Suisse - $86 billion.... Read More »


Another urgent to-do for VW: Pay governments back

12:01 am U.S. ET | Oct. 12, 2015

Volkswagen AG has a long list of things to do after admitting it systematically cheated on emissions testing on 11 million diesel vehicles. One challenge to address quickly: VW must reimburse governments for subsidies they made to encourage citizens to buy “clean diesels” that weren't.... Read More »

Which brands, models stand to gain from VW's woes?

12:01 am U.S. ET | Oct. 11, 2015

Who stands to benefit from VW's emissions scandal? Time will tell, but a look at cross-shopping patterns gives a few clues about where VW shoppers may go if the stop-sale order on diesels continues, or if they simply decide to avoid the brand.... Read More »

EPA's new VW probe may reveal failure to disclose

11:02 am U.S. ET | Oct. 11, 2015

The EPA is investigating a second emissions-control software program in VW cars that were rigged to pass pollution tests -- one that the automaker may have failed to properly disclose.... Read More »


Fear and respect: VW's culture under Winterkorn

Oct. 10, 2015 16:24 CET

Like many chief executives, Martin Winterkorn was a demanding boss who didn't like failure. But critics say the pressure on managers at Volkswagen was unusual, which may go some way to explaining the automaker's crisis.... Read More »


A mortifying end to Audi engineering guru's distinguished career?

12:01 am U.S. ET | Oct. 10, 2015

The scandal surrounding Volkswagen's fraudulent diesels threatens to end the career of one of Germany's auto engineering titans -- Audi product development boss Ulrich Hackenberg.... Read More »


VW diesel used-car prices in Europe not affected by emissions scandal, survey shows

Oct. 9, 2015 17:03 CET

The emissions-cheating scandal shaking Volkswagen has not affected the price of used VW diesel cars in Europe, a car valuation firm said, while warning that this could change later in the year.... Read More »


Volkswagen's U.S. boss blames 'individuals' for cheating

Oct. 9, 2015 09:18 CET

VW's rigging of diesel emissions tests was not a company decision but the result of actions by a small number of engineers, its top U.S. executive said.... Read More »

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Hillside Honda rewards: Paid vacations, Rolex watches, family atmosphere

Hillside Honda rewards: Paid vacations, Rolex watches, family atmosphere

Thirty is a special number at Hillside Honda in New York City. Sales staffers who sell 30 rides a month get a $1,000 paid vacation and three extra days off.
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