European | SpeedLux

U.S. SEC sues Volkswagen, ex-CEO over emissions scandal

The U.S. Securities and Exchange Commission (SEC) is taking legal action against Volkswagen and its former CEO Martin Winterkorn over the German automaker’s diesel emissions scandal, accusing of a “massive

Renault6 years ago

Renault pushes back decision over Carlos Ghosn’s 2018 pay

French automaker Renault stated on Friday that it had decided to push back a decision about the 2018 pay package for former boss Carlos Ghosn. “The board of directors will

Daimler6 years ago

BMW and Daimler seek savings from shared platforms

BMW and Daimler are in talks to work together in developing vehicle platforms for electric vehicles in a step that could save each automaker at least 7 billion euros ($7.91

Volkswagen6 years ago

Scania sees China rebound, braces for Brexit hit to UK orders

Volkswagen-owned truckmaker Scania stated on Thursday that demand in China had bounced back since the beginning of this year, but it was bracing for a potentially major drop in UK

Volkswagen6 years ago

Volkswagen can face U.S. SEC lawsuit concerning emissions cheating

Volkswagen stated the U.S. Securities and Exchange Commission may sue the automaker due to its failure to reveal its diesel emissions scandal to investors. VW said in its annual report

Audi6 years ago

Audi seeks stronger ties to Porsche in cost-cutting drive

Audi will make greater utilization of vehicle platforms and technologies developed with Porsche and Volkswagen as it commences on a 15 billion euro cost-cutting and performance drive, CEO Bram Schot

Skoda6 years ago

Skoda Auto February deliveries dropped 2 percent

Volkswagen’s Czech unit Skoda Auto experienced global deliveries fall 2 percent to 90,900 cars year-on-year in February, mostly due to the depressed Chinese market, the automaker stated on Wednesday. Deliveries

Nissan6 years ago

Nissan, Renault break up chairmanship in wake of Ghosn’s ouster

Japan’s Nissan Motor and France’s Renault stated they would retool the world’s top automaking alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship earlier wielded by

Volkswagen6 years ago

Volkswagen expects software to make up 90 percent of auto industry innovation

Volkswagen will increase its hiring of software experts to make sure that the automaker stays at the forefront of innovation in an industry preparing toward refining mechanical, instead of software

Volkswagen6 years ago

Volkswagen to reveal U.S. plan at end of first quarter

Volkswagen will decide if it makes sense to increase its stake in Chinese joint venture companies toward the end of 2019 or starting of next year, CEO Herbert Diess stated

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