Volkswagen

Longtime Daimler Leader to Step Down as Industry Faces Radical Change

One of the auto industry's giants will soon leave as head of Daimler and as the chief of its Mercedes-Benz division, often considered the preeminent global manufacturer of luxury cars. ...
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Stock buybacks are among the reasons corporate earnings are so strong. According to The Wall Street Journal: Last December’s tax overhaul is boosting corporate profits in more ways than one. ...
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Porsche Quits Making Diesel Vehicles

In an interview with a German magazine, Porsche CEO Oliver Blume said that the company best known for its gasoline-powered sports cars will no longer produce vehicles with diesel engines. ...
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Audi Introduces Its Answer to the Tesla Model X

Volkswagen's Audi group on Monday took the wraps off the company's first all-electric luxury midsize sport utility vehicle, the Audi e-tron. The vehicle won't be available until the second quarter ...
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Volkswagen Only Sold 1399 Beetle Models in US Last Month

Volkswagen said it will discontinue production of its iconic Beetle. If U.S. sales are any indication of demand, VW almost has to drop the model. The company has made the ...
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VW’s New CEO: What He Knew about Emissions Scandal and When He Knew It

When Volkswagen AG's diesel emissions cheating scandal was exposed in September of 2015, the revelations ultimately cost the company more than $27 billion in fines and penalties, and also cost ...
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Can Volkswagen Help Save Ford?

Ford Motor Co. (NYSE: F) has been heavily criticized for its product mix, its plans to reinvent the company for the self-driving and electric car future, and its modest presence ...
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Audi CEO Arrested in Diesel Emissions Scandal

The Volkswagen diesel emissions cheating scandal revealed in the fall of 2015 added its latest villain early Monday morning when Audi CEO Rupert Stadler was arrested. Prosecutors in Munich said ...
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AT&T Inc. (NYSE: T) argued against selling assets to close its deal to buy Time Warner Inc. (NYSE: TWX) According to Reuters:  AT&T told a federal judge late Thursday it ...
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Why Volkswagen May Want to Acquire Navistar

While the transition period from one chief executive officer to another has barely gotten started at Volkswagen, some big changes may already be afoot. VW's commercial-vehicles unit, Volkswagen Truck & ...
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The president set in motion plans to examine the financial future of the U.S. Postal Service. According to Reuters: U.S. President Donald Trump on Thursday ordered the creation of a ...
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3 Reasons Why Renault Should Merge With Nissan

In the past day, there have been rumors that Nissan and Renault may merge. The speculation was first reported by Bloomberg. One theory is that a merger would create a ...
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Volkswagen Plans to Dominate in Electric Car Business, Despite World of Competition

Volkswagen plans to dominate the electric car industry. This is regardless of the plans of other auto giants and Tesla Inc. (NASDAQ: TSLA). Volkswagen management said it would increase its ...
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6 Most Important Things in Business Today

Walmart Inc. (NYSE: WMT) will begin free delivery of groceries in some cities. According to The Wall Street Journal: Walmart Inc. will offer home delivery of groceries in 100 cities ...
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Volkswagen Shocks Tesla With $25 Billion Battery Deal

Volkswagen Group announced Tuesday morning that it has agreements in place with battery manufacturers to supply the automaker with batteries for its "Roadmap E" plan to build up to 3 ...
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