Volkswagen pressured by EU to show damaged cars will be fixedMon, 24, Oct 2016
Volkswagen is facing renewed pressure to repair the damage caused by its diesel emissions scandal, with the European Union calling on the carmaker to start compensating affected consumers and show clear proof that vehicles will be fixed within the coming year.
Ford, Nissan lead effort to further develop industry in AfricaMon, 24, Oct 2016
A group of carmakers led by executives from Ford Motor Co. and Nissan Motor Co. will seek to work with Kenyan authorities to develop an auto-manufacturing industry in the east African country, building on talks with Nigerian lawmakers about their own market.
Piech, Porsche families say they are united behind VW managementMon, 24, Oct 2016
The Piech and Porsche families, which control more than 52 percent of Volkswagen Group, have vowed to back the automaker's senior management, setting aside past disputes as the company struggles to overcome its emissions-cheating scandal.
EPA scrutiny bogs down new dieselsMon, 24, Oct 2016
Only two automakers have received EPA clearance to sell 2017 diesels in the U.S. Other automakers' plans remain in limbo as the EPA continues the rigorous diesel testing regime it implemented in response to VW's emissions violations.
Bentley boss will be World Congress speakerMon, 24, Oct 2016
Bentley Motors CEO Wolfgang Duerheimer, who has led the British luxury brand to record sales and embarked on its biggest investment program ever, will speak at the Automotive News World Congress on Jan. 10.
Audi to buy back 25,000 Q7 diesel SUVs in U.S., report saysFri, 21, Oct 2016
Audi plans to buy back 25,000 Q7 diesel engine SUVs in the U.S. to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel reported today.
VW targets $4.1 billion in cost cuts, report saysThu, 20, Oct 2016
Volkswagen is targeting about 3.7 billion euros ($4.1 billion) of cost cuts at its core VW brand by 2021 as it wrestles with labor leaders over a turnaround plan, sources told Reuters. The targeted savings would be in addition to a 5-billion-euro efficiency program announced by VW in 2014.
VW suppliers keen to avoid disputes despite price squeezeWed, 19, Oct 2016
Volkswagen suppliers seem keen to avoid more disputes with the company even as they face growing pressure from the automaker to accept price cuts in the wake of its diesel-emissions scandal.
VW works council denies it has agreed to cost-cutting dealWed, 19, Oct 2016
Volkswagen labor leaders said they had not yet struck a deal with management on cost cuts at the VW brand, denying an earlier report in a German business magazine.
Judge 'inclined' to approve VW emissions settlement with ownersTue, 18, Oct 2016
A federal judge, indicating he's “strongly inclined” to do so, will decide by Oct. 25 whether to approve Volkswagen's $10.03 billion settlement with nearly half a million owners of diesel vehicles that don't meet U.S. emissions laws, or if the plan should be modified.
VW said to seek final approval of U.S. emissions deal without agreed fixTue, 18, Oct 2016
Volkswagen Group is asking for a final sign-off on its $14.7 billion U.S. settlement with drivers caught up in its emissions scandal even as the automaker continues to seek regulators' approval for a fix for vehicles with "defeat device" software.
VW labor boss demands commitment to battery production, report saysTue, 18, Oct 2016
VW should commit to investing in the development and production of batteries for electric cars, the automaker's works council chief Bernd Osterloh said. VW is said to be mulling an $11 billion battery plant to rival Tesla's Gigafactory.