VW brand Q2 profit falls 12% on emissions scandal effectsThu, 28, Jul 2016
VW Group's namesake brand posted a 12 percent drop in second-quarter profit, after cost cuts and streamlining fell short amid rising costs of the company's diesel emissions-cheating crisis.
VW diesel emissions settlement approved by U.S. judgeTue, 26, Jul 2016
A federal judge granted preliminary approval for a $10 billion settlement in which Volkswagen AG will offer to buy back up to 475,000 polluting 2.0 liter diesel-powered vehicles.
VW to face suit from U.S. states over diesel emissions, Maryland attorney general saysMon, 18, Jul 2016
Maryland Attorney General Brian Frosh said in a statement that the state and others plan to sue Volkswagen AG over environmental damage from the company's so-called defeat devices designed to skirt pollution-control tests.
VW readies restitution for frustrated U.S. dealers, report saysSun, 17, Jul 2016
VW executives in the U.S. have promised restitution within a month for franchise dealers damaged by the company's diesel emissions violations, The Wall Street Journal reported on Sunday, citing dealers.
VW yet to ask EPA for sales OKMon, 11, Jul 2016
An EPA official said Volkswagen hasn't applied for the agency approvals needed to resume sales of new diesel-powered vehicles.
Impact of VW deal depends on diesel fixMon, 11, Jul 2016
How dealers fare under Volkswagen's $10 billion-plus buyback program depends heavily on whether the company is able to develop an emissions fix that can win regulatory approval.
VW headquarters searched for World War II bombsFri, 08, Jul 2016
The headquarters of Volkswagen were being searched by explosive disposal experts on Friday after construction workers found signs of potentially unexploded bombs dating from the Second World War.
VW weighs battery pacts with Panasonic, LG Chem, report saysFri, 08, Jul 2016
VW may partner with EV battery specialists such as LG Chem or Panasonic as it overhauls its strategy to emerge from diesel emissions violations, Bloomberg reported, citing people familiar with the matter. VW's supervisory board has discussed investing around $1.89 billion per battery factory at several sites around the world, said the people, who asked not to be identified because the talks are confidential.
Trucks drive Nissan, FCA, Ford, Honda as industry rebounds with 2.4% gain; GM, Toyota fallFri, 01, Jul 2016
Nissan, Ford, FCA and Honda, riding strong truck demand, posted solid sales gains in June as the U.S. auto industry rebounded from a May slump. But the SAAR came in at 16.68 million, well below May's 17.46 million rate and lower than the consensus forecast of 17.2 million. Automakers are counting on low interest rates, stable fuel prices, rising wages and near-full employment to counter some headwinds and continue driving sales in the second half.
VW says U.S. diesel settlement won't be replicated in EuropeSun, 03, Jul 2016
Volkswagen's CEO rejected calls for the company to compensate customers in Europe over diesel emissions violations along the lines of its $15 billion deal in the U.S., telling a German newspaper a similar settlement would be inappropriate and unaffordable.
VW brand pain continues, another record for AudiFri, 01, Jul 2016
Volkswagen of America posted its lowest June sales since 2010 while luxury sibling Audi notched another monthly record on surging crossover sales last month.