Sales advance 3.5% on fatter deals, truck volume; SAAR rebounds to 17.42MTue, 03, May 2016
Led by gains at Honda, Nissan, Toyota, Fiat Chrysler and Ford, U.S. light-vehicle sales increased 3.5 percent to 1.506 million in April, a record for the month. After a lackluster March that disappointed some automakers, April produced solid gains across the industry, with fatter deals and light trucks driving volume higher.
VW's U.S. slump hits 6-month markTue, 03, May 2016
Continued weakness in the Volkswagen brand's core lineup of passenger cars dragged down its U.S. sales for the sixth consecutive month in April while Audi continued to roll, notching its 64th-straight monthly record.
Porsche picks new r&d chief as suspended Hatz quitsTue, 03, May 2016
Porsche AG's supervisory board has appointed Michael Steiner as new head of r&d, replacing Wolfgang Hatz who will leave the sports-car maker at his own request.
VW, UAW officials to meet on labor dispute at Tenn. plantMon, 02, May 2016
Volkswagen AG and UAW officials will meet later this month in an effort to overcome a labor dispute at the VW plant in Tennessee.
VW whips up miracle view of U.S.Sun, 01, May 2016
The U.S. may be ground zero for Volkswagen's diesel scandal, but company executives proclaimed it the most important source of long-term growth for VW and said they are at work on a new brand strategy for the region.
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.
How Audi will move forward from scandalMon, 02, May 2016
In an interview, Stefan Knirsch, Audi's head of development, discusses the changes Audi has made in the aftermath of Volkswagen Group's diesel emissions-cheating scandal and his views on the future of diesels, e-motors and autonomous cars.
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.