Volkswagen

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Could a US Fine Put Volkswagen Out of Business?

In June automaker Volkswagen agreed to settlements with the U.S. Environmental Protection Agency (EPA) and the state of California, and another with the Federal Trade Commission (FTC) that will cost ...
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US Volkswagen Engineer Pleads Guilty to Fraud Charge

In a court appearance in Detroit Friday, former Volkswagen engineer James Liang pleaded guilty to conspiring to commit fraud against U.S. regulators and customers. The plea marks the first criminal ...
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Have Plunging Big Rig Sales Doomed Navistar?

Navistar International Corp. (NYSE: NAV) reported third-quarter fiscal 2016 results before markets opened Thursday. The heavy truck and engine maker reported a diluted net loss per share of $0.42 on ...
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Will Volkswagen Diesel Engines Save Navistar?

Navistar International Inc. (NYSE: NAV) announced a strategic alliance with the truck and bus division of Volkswagen that included an unspecified equity investment by the German automaker and framework agreements ...
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Ford’s Projected August Sales Drop More Even Than Volkwagen’s

Automakers will be reporting monthly sales for August on Thursday, September 1, and three leading industry analyst firms all are projecting a year-over-year total sales decline ranging between 2.1% and ...
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VW Golf TDI engine

US Dealers, Volkswagen Agree on Compensation Deal

Volkswagen and several dealers that filed suit against the company in April of this year have reportedly reached an "agreement in principle" that would settle the lawsuit. The federal district ...
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Volkswagen Gets Approval to Repair Another 460,000

Still suffering from a diesel engine scandal that cost the CEO of Volkswagen his job, and may cost the German company $20 billion, Germany has given Volkswagen permission to repair 460,000 ...
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Volkswagen US Sales Collapse Almost 11% in July

Volkswagen is taking the expected beating in the United States due to its emissions scandal. Its sales for the month dropped 10.6% to 48,000 in July, according to Kelley Blue ...
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New Volkswagen CEO Matthias Müller Could Lose Job as Scandal Grows

As the Volkswagen diesel scandal grew, it cost long-time CEO Martin Winterkorn his job. VW's board assumed that the head of its Porsche division, Matthias Müller, could replace Winterkorn and ...
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Ford and GM Sales Stumble in Europe

Car sales in the European Union were strong in the first half, up 9.4% to 7,842,965 according to the ACEA (Europe Automobile Manufacturers Association). Ford Motor Co. (NYSE: F) did ...
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Volkswagen Reportedly to Pay $15 Billion in US Settlement

Automaker Volkswagen AG and U.S. government regulators have reportedly struck a deal in which the company will pay upwards of $15 billion to compensate U.S. owners of the company's diesel-powered ...
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Brexit To Hurt VW And Gap, But Not Walmart

24/7 Wall St. looked at major winners and loses at the effect of Brexit hits the U.K. and EU. VW and Gap (NYSE: GPS) have large sales and financial exposure. ...
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VW To Be Crushed By Brexit

VW is by far the largest seller of cars in the EU. It has nearly 25% of the market. As the region's economy will almost certainly slow, so will VW's ...
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VW Golf TDI engine

Diesel Cars Pollute More in Cold Weather

Lower temperatures cause diesel engines to emit more nitrogen oxides (NOx), U.K. research firm Emissions Analytics told the BBC. But not that low: below 18 degrees Celsius (64 degrees Fahrenheit) ...
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VW To Kill 40 Models–Handelsblaat

VW management has decided to scrap 40 of the company's approximately 340 models. The German car company owns a number of nameplates which include VW, Porsche, and Audi. The decision ...
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