Articles Tagged with "VW"

VW agrees to spend up to $1.6 billion on Canada emissions settlement
VW agrees to spend up to $1.6 billion on Canada emissions settlement

WASHINGTON -- Volkswagen Group has agreed to spend up to C$2.1 billion ($1.6 billion) to buy back or fix 105,000 polluting diesels and compensate owners in Canada.

Dec. 20 , 2016
Bosch expected to settle U.S. VW diesel claims for $300 million, report says
Bosch expected to settle U.S. VW diesel claims for $300 million, report says

WASHINGTON -- German auto supplier Robert Bosch GmbH is expected to settle a suit, filed by U.S. owners of polluting Volkswagen diesel vehicles, for more than $300 million, a source briefed on the matter told Reuters today.

Dec. 20 , 2016
VW Group China sales rise 14% in November
VW Group China sales rise 14% in November

Sales of Volkswagen Group's brands in China rose nearly 14 percent year on year to 373,800 vehicles in November despite lukewarm demand for its Audi luxury models.

Dec. 20 , 2016
VW's German executives said to hire lawyers as U.S. justice officials gather evidence
VW's German executives said to hire lawyers as U.S. justice officials gather evidence

WASHINGTON (Bloomberg) -- Dozens of Volkswagen Group executives in Germany have hired U.S. criminal defense lawyers as the Justice Department ramps up meetings with managers to gather evidence that may lead to charges, people familiar with the matter

Dec. 6 , 2016
VW extends 20 billion euro loan to weather diesel fall-out
VW extends 20 billion euro loan to weather diesel fall-out

FRANKFURT -- Volkswagen Group has agreed to extend a 20 billion-euro ($21.2 billion) bank credit line, which is part of the automaker's efforts to maintain its financial strength while it counts the full cost of its diesel emissions scandal.

Nov. 29 , 2016
VW charts its long journey back
VW charts its long journey back

FRANKFURT -- Herbert Diess' first comprehensive global strategy for the Volkswagen brand pegs the U.S. as a critical market and production base to drive the automaker's profitability in the next decade but recognizes that a full recovery there will

Nov. 28 , 2016