the-carmaker

Wells Fargo faces tighter controls as U.S. regulator reverses course

By Patrick Rucker WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and positioned the agency to claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal

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Wells Fargo faces tighter controls as U.S. regulator reverses course

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VW no longer expects tax demands in Germany related to diesel scandal

Volkswagen does not expect the German government to make tax demands to cover revenue losses related to the carmaker's diesel scandal, a company spokesman said on Saturday. In Germany, motor vehicle taxes are tied to the

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VW no longer expects tax demands in Germany related to diesel scandal

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Piech, Porsche families say united behind VW management: Spiegel

The Piech and Porsche families that control more than 52 percent of Volkswagen have vowed to back senior management, setting aside past disputes as the carmaker struggles to overcome an emissions scandal, Der Spiegel reported on Saturday. In a rare interview, …

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Piech, Porsche families say united behind VW management: Spiegel

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VW CEO Mueller had no knowledge of diesel scandal: Bild am Sonntag

FRANKFURT (Reuters) – Volkswagen Chief Executive Matthias Mueller had no knowledge of the carmaker's diesel emissions cheating scandal, Germany's Bild am Sonntag newspaper said, citing a report by Jones Day, the lawfirm tasked with investigating the scandal.

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VW CEO Mueller had no knowledge of diesel scandal: Bild am Sonntag

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VW, suppliers settle dispute after marathon talks

By Andreas Cremer BERLIN (Reuters) – Volkswagen and two of its parts suppliers on Tuesday resolved a contract dispute that had hit output at more than half of the carmaker's German plants and threatened to undermine its recovery from a diesel emissions scandal. After more than 20 hours of negotiations that went on through the night, VW said it had settled its differences with CarTrim, which makes seats, …

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VW, suppliers settle dispute after marathon talks

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Global investment banks have slowest first half since 2012

By Anjuli Davies LONDON (Reuters) – Global investment banking fees fell by nearly a quarter in the first half of 2016 from a year earlier as market volatility hit capital markets and M&A deal making, Thomson Reuters data published on Monday showed. Global fees for services ranging from merger and acquisitions advisory services to…

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Global investment banks have slowest first half since 2012

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VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe

Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the 'Dieselgate' emissions scandal along the lines of its $15 billion deal in the United States, telling a German newspaper a similar settlement would be inappropriate and unaffordable. Europe's Industry Commissioner Elzbieta Bienkowska last week called on Volkswagen to also compensate European owners of its diesel-powered cars, saying it would be unfair for them to be treated differently from U.S. customers just because of a different legal system. “We have a…

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VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe

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VW profit gains as carmaker battles to overcome crisis

Volkswagen posted a surprise increase in first-quarter operating profit as the carmaker is pushing steps to overcome its diesel emissions scandal. Europe's biggest automaker is counting on a deal with U.S. authorities and car owners next month over its rigging of diesel emissions tests while pushing a strategic overhaul across its 12-brand group. Operating profit rose to 3.4 billion euros ($3.8 billion) from 3.3 billion a year

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VW profit gains as carmaker battles to overcome crisis

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Fiat Chrysler February U.S. sales rise 12 percent

By Bernie Woodall DETROIT (Reuters) – Fiat Chrysler Automobiles February U.S. auto sales rose 12 percent as the carmaker again showed strong Jeep SUV and Ram truck sales. Sales for Jeep's six SUV models rose 23 percent,

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Fiat Chrysler February U.S. sales rise 12 percent

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VW brand sales fall 5.3 percent in first full month of scandal

BERLIN (Reuters) – Volkswagen brand sales fell 5.3 percent in October, the first full month after Europe's biggest carmaker was found cheating diesel emissions tests in the United States. Deliveries of VW brand vehicles dropped to 490,000 cars from 517,400 a year ago, the eighth straight monthly drop at VW's biggest autos division by sales and revenue, the carmaker said on Friday. “The VW brand is experiencing challenging times,” sales chief Juergen Stackmann said. “We not only

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VW brand sales fall 5.3 percent in first full month of scandal