VW CEO eyes solid 2016 growth despite crisisThu, 28, Apr 2016
VW Group has a chance to post solid growth in its operating business this year even as it grapples with its emissions-cheating scandal and a strategic repositioning, CEO Matthias Mueller said. Cost reductions at Europe's largest automaker are "in full swing" at individual brands and across the group, he added.
VW open to new partnerships but not talking to Google, AppleThu, 28, Apr 2016
VW will open itself up to more partnerships and strategic investments to help generate a "substantial proportion" of its revenue from new business models, CEO Matthias Mueller said. Discussions are already at an "advanced stage," but Google and Apple are not among tech companies VW is in discussions with, he said.
VW brand reports $144 million Q4 loss on emissions crisisThu, 28, Apr 2016
VW Group's namesake car brand slumped to a loss in the fourth quarter as the emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers. The VW brand posted a loss of 127 million euros ($144 million) in the final three months of 2015.
Why the Porsche-Piech family is not rushing in to fix VWWed, 27, Apr 2016
The Porsche-Piech clan, led by Wolfgang Porsche, that controls scandal-hit VW Group has the voting power to muscle through change at the automaker, but family members are not acting on it. That has left a power vacuum even as VW faces costs that could top $30 billion.
VW said to hire McKinsey to address diesel scandalWed, 27, Apr 2016
VW Group has hired external advisers McKinsey & Co. to better react to the turmoil caused by its emissions cheating and help draft a strategy to move beyond the scandal, people familiar with the matter told Bloomberg.
VW presentation described how to cheat emissions tests, report saysWed, 27, Apr 2016
A Volkswagen PowerPoint presentation from 2006 described “in detail” how the German automaker could cheat on stringent U.S. emissions tests, the New York Times reported today.
Bosch posts record revenue on safety and assistance systems, warns of slowdownWed, 27, Apr 2016
German auto parts maker Robert Bosch said it expected sales to rise at the lower end of its 3 to 5 percent forecast range this year if a slowdown in the first quarter continues.
With Golf R400 canceled, VW shifts to Golf RMon, 25, Apr 2016
After canceling plans for a 395-hp Golf R400, Volkswagen is weighing its options for the next generation of the Golf R.
VW concept could preview next TouaregMon, 25, Apr 2016
A luxury SUV concept VW unveiled at the Beijing auto show could preview the redesigned Touareg due in 2017. The T-Prime Concept GTE, hinting at the future styling of VW's crossovers and SUVs, features a plug-in hybrid powertrain paired with 4Motion all-wheel drive.
VW passes Toyota as stoppages threaten 4-year global sales reignTue, 26, Apr 2016
Volkswagen pulled ahead of Toyota's global deliveries during the first quarter, as a series of production stoppages threaten the Japanese automaker's four-year reign atop auto industry sales charts.
VW has not fixed a single diesel car in U.K., minister saysTue, 26, Apr 2016
Volkswagen has not fixed any of the 1.2 million cars in the U.K. affected by its diesel-emissions scandal, the British transport minister said, despite the company having said it had begun software modifications to some models.
Cadillac targets 11% operating margin in 10 yearsMon, 25, Apr 2016
Cadillac is targeting an 11 percent operating margin in 10 years, brand President Johan de Nysschen said today in an interview with Reuters, laying out a timeline for the long-term turnaround.