Volkswagen

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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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Volkswagen Recovering Nicely as Memory of Dieselgate Fades

The day before news of the Volkswagen diesel emission scandal broke, the stock was trading at $38 over the counter. As of June 17, we are sitting just above $29. ...
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Chrysler Grabs May Market Share Lead Over Ford in Europe

With new registrations jumping 25.7% in May, Fiat Chrysler Automobiles N.V. (NYSE: FCAU) outsold Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) in Europe to become the ...
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VW Golf TDI engine

US Diesel Fleet Up by 330,000 in 2015

There were 7.7 million diesel-powered passenger vehicles on U.S. roads at the end of 2015, and nearly 330,000 of those were new registrations during the year. The total includes cars, ...
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VW Golf TDI engine

Germany Approves Fix for 1.1 Million Volkswagen Vehicles

Germany's Federal Motor Transport Authority (KBA) has approved a plan by Volkswagen Group to modify the software in 1.1 million VW vehicles with the EA 189 two-liter TDI engines. These ...
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Why Volkswagen Financing Has Hit 0% for 72 Months

The car industry has offered loans with increasing numbers of monthly of payments. At the higher end of that, some manufacturers have "special deals" for 72 months (six years) for 0% ...
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Volkswagen’s May Sales Collapse 17%

Volkswagen's problems in America are hardly over. It faces fines and legal challenges, as well as a brand the value of which has eroded at an unprecedented rate. VW sales in ...
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Volkswagen Group Gets Profit Boost, but VW Car Profits Plunge 86%

Following a dismal 2015, Volkswagen reported Tuesday morning that the company posted an adjusted operating profit of €3.4 billion on global sales of €51 billion in the first quarter of ...
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Volkswagen Expected to Have 13% Drop in May Sales

Among the expectations about U.S. cars sales in May is that overall the industry will suffer a drop off of 6.2% to 1,530,000, compared to the same month last year. Also, ...
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