VW's penance for cheating takes shape with California wish listFri, 02, Dec 2016
California's regulator that played a key role in busting Volkswagen for cheating on emissions tests laid out a detailed list of options for how the automaker will have to spend $800 million toward advancing cars that don't pollute the air.
Fiat heir Lapo Elkann arrested in New York over false reporting of incidentTue, 29, Nov 2016
Lapo Elkann, grandson of the late Fiat patriarch Gianni Agnelli, was arrested and charged in New York with falsely reporting an incident. Media reported that he was suspected of faking his own kidnapping.
VW extends $21.2 billion loan to weather diesel fall-outMon, 28, Nov 2016
VW Group has agreed to extend a 20 billion-euro ($21.2 billion) bank credit line, which is part of the automaker's efforts to maintain its financial strength while it counts the full cost of its diesel emissions scandal.
Porsche to fix parked diesel Cayennes, sell them as usedFri, 25, Nov 2016
When a V-6 diesel fix is approved, Porsche will sell nearly 1,500 diesel Cayennes sitting in dealer inventory for the past year as used vehicles. Porsche Cars North America managed to get other Cayenne diesels initially allocated to the U.S. reassigned to Germany for redistribution elsewhere.
VW can use diesel settlement as revenue opportunityTue, 22, Nov 2016
VW may earn revenue from the $2 billion the company is required to spend on zero-emission vehicle projects under terms of its settlement of environmental violations with U.S. regulators, according to a senior U.S. official. The company's plans for zero-emission vehicle projects to remedy violations will come under scrutiny at a congressional oversight hearing next week.
Volkswagen CEO sees no diesel in future of U.S. businessTue, 22, Nov 2016
Volkswagen will no longer offer diesel vehicles in the U.S., its global brand chief said on Tuesday, ending speculation the company might return to the technology after its emissions scandal fades from memory.
VW prepares a blitz of trucks, EVs in North AmericaTue, 22, Nov 2016
Volkswagen is going on the offensive in North America, challenging the likes of General Motors and Ford Motor Co. with a wave of new light trucks and battery-powered cars. VW's namesake marque will expand its range of SUVs, crossovers and sedans and start making electric autos in North America in 2021 in a bid to “evolve from a niche supplier” into a successful mainstream carmaker in the region.
Mueller sees case for VW building own battery plant, report saysMon, 21, Nov 2016
VW Group CEO Matthias Mueller sees the production of batteries for EVs and plug-in hybrids as a logical move as the automaker expands its production of greener vehicles after its emissions-cheating scandal, a German newspaper reported.
VW will cut 30,000 jobs to revive core brandFri, 18, Nov 2016
VW Group will cut 30,000 jobs globally to help achieve $3.92 billion in annual savings by 2020. The automaker aims to turn around its core brand and help fund a shift to electric and self-driving cars following its emissions-cheating scandal.
Mueller, executives to outline VW brand overhaul on FridayThu, 17, Nov 2016
VW loses more European market share as effect of emissions scandal lingersThu, 17, Nov 2016
VW Group lost market share in Europe for the 14th straight month, data from a leading industry body showed today. Much of the decline has coincided with the automaker's emissions-cheating scandal that erupted in September 2015, giving competitors a chance to take advantage of the company's damaged image.