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VW no longer expects tax demands in Germany related to diesel scandal

Volkswagen does not expect the German government to make tax demands to cover revenue losses related to the carmaker's diesel scandal, a company spokesman said on Saturday. In Germany, motor vehicle taxes are tied to the

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VW no longer expects tax demands in Germany related to diesel scandal

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U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

By Patrick Rucker WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and revoked Wells Fargo & Co's right to shield the pay of former executives after a phony-

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U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

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Volkswagen to cut 30,000 jobs

By Andreas Cremer and Jan Schwartz WOLFSBURG, Germany (Reuters) – Volkswagen and its labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for a commitment to avoid forced redundancies in Germany until 2025, a compromise which leaves the carmaker's profitability still lagging rivals. …

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Volkswagen to cut 30,000 jobs

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Volkswagen group to phase out more than 40 car models: report

Volkswagen will stop producing more than 40 car models in the coming years as part of a new strategy by Europe's biggest automaker, German newspaper Handelsblatt reported on Saturday. Volkswagen (VW) said on Thursday it would invest billions of euros in electric cars, ride-hailing and automated driving to become a world leader in green transport by 2025 as it

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Volkswagen group to phase out more than 40 car models: report

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VW board tried to dilute Lower Saxony influence: Der Spiegel

FRANKFURT/HAMBURG (Reuters) – A power struggle erupted on Volkswagen's supervisory board after the owning Porsche and Piech families joined representatives from Qatar in what proved to be a failed attempt to

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VW board tried to dilute Lower Saxony influence: Der Spiegel

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Norway’s wealth fund to sue Volkswagen over emissions scandal

(Reuters) – Norway's sovereign wealth fund, the world's largest, said on Sunday it plans to join the class-action lawsuits filed against Volkswagen AG over the German automaker's emissions scandal. “Norges Bank Investment Management intends to join a legal action against Volkswagen arising

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Norway’s wealth fund to sue Volkswagen over emissions scandal

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U.S. approves 2016 BMW diesel X5 SUV after EPA review

The Environmental Protection Agency and California Air Resources Board approved the sale of the new 2016 BMW diesel X5 after government testing found no evidence of software to evade emissions standards, the government said Thursday. EPA spokeswoman Laura Allen said Thursday that the agency – along with California and Canada – was doing additional testing before approving new diesel vehicles.

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U.S. approves 2016 BMW diesel X5 SUV after EPA review

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Ford to invest $4.5 billion more in electric car plan by 2020

Ford Motor Co plans to invest an additional $4.5 billion by 2020 in programs to broaden its offerings of hybrids and electric vehicles, Chief Executive Officer Mark Fields said Thursday. Fields said it will launch late next year a new version of its Ford Focus electric car that has a 100-mile range and can recharge in 30 minutes. Ford also plans to add 13 new plug-in hybrid, hybrid or …

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Ford to invest $4.5 billion more in electric car plan by 2020

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VW says only small group to blame for emissions scandal

Volkswagen said on Thursday only a small group of employees was responsible for cheating U.S. diesel emissions tests and there was no indication board members were involved in the biggest business crisis in the carmaker's history. Chairman Hans Dieter Poetsch said investigations into the affair were going well, but the scandal was the result of a “chain of errors” and it would still take months to …

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VW says only small group to blame for emissions scandal

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VW maintains $7 billion of provisions despite simple emissions fix

Volkswagen will not lower planned provisions of 6.7 billion euros ($7.1 billion) for the costs of its diesel emissions scandal, though the technical fix for 8.5 million cars in Europe have turned out to be simpler than expected. VW is seeking as much as 20 billion euros ($21.18 billion) in funding …

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VW maintains $7 billion of provisions despite simple emissions fix