Volvo plans to raise $571 million in first bond issueFri, 06, May 2016
Volvo aims to raise 500 million euros ($571 million) by issuing the first corporate bond in its 89-year history, the carmaker said today.
Mann+Hummel closes on Affinia acquisitionFri, 06, May 2016
German supplier Mann+Hummel said it closed on its acquisition of North Carolina-based Affinia Group's filtration operations. The deal was reportedly valued at $513 million.
Fiat heir will speak at Europe congressMon, 02, May 2016
Fiat heir Lapo Elkann, who has held numerous jobs in the family business, will be among the speakers at the Automotive News Europe Congress in Munich on June 8.
Autoliv sees annual sales growth of 7% after robust Q1 earningsFri, 29, Apr 2016
Autoliv, continuing to generate new business in the wake of the Takata airbag recall crisis, reported a bigger than expected rise in first-quarter earnings and raised its forecast for like-for-like sales this year while affirming its margin outlook.
Supplier Tower International cancels plan to sell European unitThu, 28, Apr 2016
Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing the industry's growth in 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 to pay top exes $71.8 million for 2015Thu, 28, Apr 2016
VW Group said it plans to pay the 12 current and former members of its management board 63.24 million euros ($71.8 million) for 2015, a year when Europe's largest carmaker posted a record loss due to legal and compensation costs for cheating on diesel emissions tests.
Germany to introduce $4,500 subsidy for buying an EVWed, 27, Apr 2016
Germany announced a plan today to invest about 1 billion euros ($1.13 billion) to promote electric cars, which will include subsidies of 4,000 euros ($4,524) for buyers of EVs and 3,000 euros for those choosing to purchase a plug-in hybrid.
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 has not fixed a single diesel car in U.K., minister saysTue, 26, Apr 2016
Volkswagen has not fixed any of the 1.2 million cars in the U.K. affected by its diesel-emissions scandal, the British transport minister said, despite the company having said it had begun software modifications to some models.
German automakers to recall 630,000 diesel cars to fix emissionsFri, 22, Apr 2016
Volkswagen, Opel, Audi, Mercedes and Porsche will recall 630,000 vehicles to fix diesel emissions management software, a German government official said, widening a clampdown on air pollution in the wake of the VW scandal.