BMW management and labor reach agreement to cut costs

Wed, 27 Nov 2019 - 12:05 GMT

BMW (BMWG.DE) management and labor have reached an agreement on measures to reduce costs that avoids “drastic measures”, the German carmaker said on Wednesday.

Volkswagen to invest €60 bn by 2024 in future car models

Fri, 15 Nov 2019 - 01:03 GMT

"The group plans to spend nearly 60 billion euros ($66 billion) on the future areas of hybridization, electric mobility and digitalization in the next five years," said the group in a statement.

Last Volkswagen Beetle drives into the sunset

Sun, 14 Jul 2019 - 08:50 GMT

Volkswagen (VOWG_p.DE) rolled the last Beetle off the assembly line on Wednesday.

VW says diesel scandal cleanup to cost 2 billion euro in 2019: paper

Sun, 23 Dec 2018 - 09:30 GMT

Volkswagen’s (VOWG_p.DE) cleanup of a diesel cheating scandal will cost it 5.5 billion euros ($6.25 bln) in 2018.

Volkswagen may use Ford's U.S. plants to build cars, deepening alliance

Tue, 04 Dec 2018 - 10:30 GMT

Volkswagen's chief executive said on Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford Motor Co.

VW and Ford in talks on self-driving and electric vehicles: source

Thu, 01 Nov 2018 - 09:45 GMT

The German and U.S. automakers are expected to provide an update on the progress of the talks before year end, said the person, who asked not to be identified.

Volkswagen profits soar as diesel scandal costs fade

Wed, 31 Oct 2018 - 12:40 GMT

soaring profits for a third quarter free of massive payouts for diesel emissions cheating but the results were still weighed down by new pollution tests.

VW operating profit drops as anti-pollution rules bite

Tue, 30 Oct 2018 - 09:17 GMT

The carmaker’s adjusted operating profit came to €3.51 billion ($4 billion) in the three months through September.

Renault, VW and Fiat Chrysler sales surged before stiffer EU emissions tests

Wed, 19 Sep 2018 - 08:55 GMT

Ahead of the deadline, many boosted financial incentives and registrations of their own new vehicles to be sold on the used car market, analysts have said.

BMW drives to cut battery costs, share costs on autonomous vehicles

Sun, 16 Sep 2018 - 08:26 GMT

BMW management board member Klaus Froehlich said automakers and large suppliers are beginning to discuss how to agree on one standard for autonomous-vehicle systems.

VW's CEO was told about emissions software months before scandal: Der Spiegel

Sun, 19 Aug 2018 - 08:45 GMT

The Braunschweig prosecutor’s office was not reachable for comment on Saturday.

German industry warns US auto tariffs not completely off table yet

Thu, 26 Jul 2018 - 12:50 GMT

Top German industry group welcomed solutions proposed by U.S. President Donald Trump and European Commission President Jean-Claude Juncker to avert a trade war.

Audi to resume crisis talks after CEO arrest: sources

Tue, 19 Jun 2018 - 08:14 GMT

VW shares were down 2.6 percent in early trading.

Hermes EOS opposes election of Volkswagen supervisory board candidates at AGM

Wed, 02 May 2018 - 09:11 GMT

Shareholder adviser Hermes EOS said it had recommended clients vote against the election of two candidates to the supervisory board of carmaker Volkswagen.

Volkswagen Q1 profit drops 3.6% on accounting changes

Thu, 26 Apr 2018 - 07:58 GMT

Group earnings before interest and taxes declined 3.6 percent to 4.21 billion euros ($5.13 billion).

Fiat, Volkswagen explore investment in Egypt’s auto industry

Wed, 28 Mar 2018 - 03:52 GMT

The two companies conducted meetings with the federation’s board last month to assess the local economy to pump investments in Egypt.

U.S. judge dismisses VW bondholder lawsuit over excess emissions

Sun, 04 Mar 2018 - 06:59 GMT

Investors bought $8.3 billion in dollar-denominated bonds Volkswagen Group of America Finance LLC sold in 2014 and 2015.

Volkswagen, German union IG Metall reach wage agreement

Wed, 21 Feb 2018 - 08:00 GMT

Carmaker Volkswagen (VOWG_p.DE) and labor union IG Metall reached a wage agreement for more than 120,000 workers in Germany.

U.S. seeks 'substantial' fines in Fiat Chrysler emissions case: source

Sat, 03 Feb 2018 - 10:13 GMT

The U.S. Justice Department is seeking “substantial” civil fines from Fiat Chrysler Automobiles NV.

Volkswagen faces inquiry call over diesel fume tests on monkeys

Tue, 30 Jan 2018 - 12:30 GMT

Volkswagen's supervisory board called for an immediate inquiry into who commissioned tests in which monkeys were exposed to toxic diesel fumes.