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.
VW sued by Missouri over diesel emissionsMon, 17, Oct 2016
The state of Missouri sued Volkswagen, becoming the 17th U.S. state to take legal action against the German automaker over diesel emissions violations. Missouri's lawsuit adds to the financial risks for Volkswagen from suits filed by state regulators who are seeking financial penalties in addition to any federal or civil claims the automaker will pay.
Volkswagen diesel scandal under Canadian government scrutinyMon, 17, Oct 2016
Volkswagen Canada is being investigated under the Canadian Environmental Protection Act for importing vehicles with software intended to defeat emissions testing.
VW will accelerate savings in wake of diesel scandalMon, 17, Oct 2016
Volkswagen Group CEO Matthias Mueller is accelerating cost cuts at the embattled automaker to cope with the diesel-emissions scandal and to finance VW's shift toward electric vehicles and digital services. Mueller is seeking to reduce costs by 10 percent next year.
VW to pay $175 million to U.S. lawyers suing over emissionsFri, 14, Oct 2016
Volkswagen agreed to pay $175 million to U.S. lawyers suing the German automaker on behalf of 475,000 owners of vehicles that violate U.S. emissions rules, Reuters reported. In August, lawyers sought up to $332.5 million in fees and costs for their work in a $10 billion settlement.
BMW won't chase sales to keep U.S. luxury crownFri, 14, Oct 2016
It's only mid-October, but BMW is conceding the highly contested race for top-selling premium brand in the United States. BMW's U.S. sales will drop this year from a record 346,023 vehicles in 2015 because the German brand doesn't have enough crossovers to meet hot demand.
DealersMon, 17, Oct 2016
A look at dealer anniversaries around the country, including anniversaries with Ford, Mercedes, Volkswagen and Volvo.