volkswagen

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

volkswagen

Volkswagen brand chief says no plans to step down despite investigation

Volkswagen's brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper. “It's not up for debate,” Diess told Sueddeutsche Zeitung in an interview published on Monday, when asked if he had thought about stepping down as a result of the probe. Volkswagen's reputation will take 12-18 months to recover from

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Volkswagen brand chief says no plans to step down despite investigation

volkswagen

Explosion reported at Kia plant in Mexico, at least three injured

An explosion struck a Kia Motors factory in northern Mexico on Saturday, injuring at least three workers after an accumulation of gas ignited, a local emergency services official told Reuters. Luis Felipe Puente, the national director of emergency services, confirmed that some workers at

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Explosion reported at Kia plant in Mexico, at least three injured

volkswagen

Volkswagen group to phase out more than 40 car models: report

Volkswagen will stop producing more than 40 car models in the coming years as part of a new strategy by Europe's biggest automaker, German newspaper Handelsblatt reported on Saturday. Volkswagen (VW) said on Thursday it would invest billions of euros in electric cars, ride-hailing and automated driving to become a world leader in green transport by 2025 as it

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Volkswagen group to phase out more than 40 car models: report

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Brexit helped keep Fed on hold, could slow future U.S. rate rises

Federal Reserve Chair Janet Yellen left U.S. interest rates unchanged on Wednesday, citing slow jobs gains, tepid growth and low inflation – and an impending vote in Britain on whether to quit the European

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Brexit helped keep Fed on hold, could slow future U.S. rate rises

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U.S. Judge extends VW diesel emissions settlement deadline

A U.S. judge late on Wednesday extended the deadline for Volkswagen AG , U.S. government regulators and owners of nearly 500,000 2.0 liter vehicles to reach a final diesel emissions settlement until June 28. The tentative settlement announced in April includes…

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U.S. Judge extends VW diesel emissions settlement deadline

volkswagen

Ford not interested in tie-up with Fiat Chrysler: CEO Fields

Ford Motor Co is not interested in a tie-up with Fiat Chrysler Automobiles NV , Chief Executive Mark Fields said on Saturday, when asked about FCA head Sergio Marchionne's remark that Ford could be a potential merger candidate. “I can't speak to what Sergio or others wake up and want to say,” Fields told reporters ahead of next week's Beijing motor show. After being…

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Ford not interested in tie-up with Fiat Chrysler: CEO Fields

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VW forges U.S. deal arising from diesel emissions scandal

By Alexandria Sage and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) – Volkswagen AG, driving to move beyond a scandal that has disrupted its global business and sullied its reputation, announced a sweeping…

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VW forges U.S. deal arising from diesel emissions scandal

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United Airlines gate agents, baggage handlers approve new contract

United Continental Holdings Inc and its union said Saturday that workers voted in favor of contracts hiking the pay of some 30,000 baggage handlers, gate agents and other groups, a dramatic reversal from a year ago when the No.3 U.S. airline mulled outsourcing some of these jobs. The news marks a vote of confidence by…

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United Airlines gate agents, baggage handlers approve new contract

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Volkswagen increases discounts after emissions scandal: report

Volkswagen AG is offering bigger discounts in its home market to try to lure back customers after the automaker admitted using software to allow diesel vehicles to cheat emissions tests, a German trade magazine reported on Saturday. Germany's Automobilwoche said Volkswagen was trying to boost the used car trade by raising

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Volkswagen increases discounts after emissions scandal: report

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