VW said to pay nearly $15 million compensation to supplier to end standoffWed, 24, Aug 2016
VW will compensate Prevent Group as part of a deal to end a supply dispute that stopped Golf and Passat production in Germany, sources said. The agreed-upon figure is $14.7 million, a German newspaper reported.
VW's crippling supplier feud shows limits of cost-cutting pushWed, 24, Aug 2016
Volkswagen Group's agreement to end a standoff with a resistant supplier shows the limits of the automaker's push to reduce spending in the wake of record fines over its emissions-cheating scandal.
VW production stoppages caused by defiant Bosnian supplierTue, 23, Aug 2016
In a year of almost non-stop crises following revelations of cheating on emissions tests, the force that brought VW factories to a halt wasn't regulators or a court ruling, but a defiant parts supplier from Bosnia-Herzegovina protesting at the cancellation of a contract.
VW says talks to end supplier dispute will resume on MondaySat, 20, Aug 2016
VW is seeking a negotiated settlement with suppliers in a dispute over contracts that is halting production at some of its plants. The automaker said talks will resume on Monday.
VW ready to seize withheld parts from supplier plants, report saysFri, 19, Aug 2016
VW Group is preparing to seize components from two suppliers that are withholding parts in a contract dispute, Germany's Bild newspaper reported. VW faces production stoppages at four German factories after the suppliers halted deliveries of transmission and seat parts.
VW to cut hours for workers at 3 German plants amid supplier dispute, report saysThu, 18, Aug 2016
Volkswagen will cut working hours for more than 10,000 staff at its Wolfsburg base and reduce output at two more German sites, a source close to the company told Reuters, as the automaker faces supply problems caused by a supplier not keeping to delivery commitments.
Plastic Omnium gets OK to buy Faurecia's exteriors business but must sell factoriesFri, 12, Aug 2016
French supplier Plastic Omnium won approval from EU regulators to acquire Faurecia's bumpers and front-end modules business on the condition that it sells seven Faurecia plants. Faurecia is selling its exteriors business to eliminate its debt and enable it to accelerate investment in technologies for sustainable mobility and connectivity.