Volkswagen’s Porsche brand does not require a stock market listing to fund growth, Chief Executive Oliver Blume stated, adding he is sure the maker of the iconic 911 sportscar can
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Volkswagen on Thursday stated it will offer trade-in incentives and a bonus for scrapping older diesel automobiles in Germany, in a move to stave off driving restrictions in polluted cities.
Volkswagen Group, Fiat Chrysler and Renault led a 23.4 percent European car sales reduction in September, the major regional industry body stated on Wednesday, as automakers still suffer from the
German premium car brand Audi, a division of Volkswagen, stated it was fined 800 million euros ($927 million) on Tuesday for violations associated with heavily polluting six- and eight-cylinder diesel
The German government is committed to implementing tougher sanctions against companies that involved in criminal behavior, following Volkswagen’s diesel emissions scandal, the nation’s justice minister, Katarina Barley, said. In an
BMW expects a hit to revenues of up to half a billion euros ($579 million) in 2019 if tariffs between the United States and China stay in place, Chief Financial
BMW will pay 3.6 billion euros ($4.2 billion) to gain control of its main joint venture in China, the first such move by an international automaker as Beijing starts to
Volkswagen AG on Wednesday named a new head of its America group as the automaker looks forward to increase SUV sales amid weakening demand for cars. Scott Keogh, presently head
German vehicle manufacturer Daimler AG is discussing China’s Geely Holding Group to start a joint venture to offer ride-hailing and car-sharing services in China, Bloomberg reported, mentioning sources. The 50:50
Volkswagen is near to hiring Citigroup, Deutsche Bank, Goldman Sachs and JP Morgan to assist with the possible stock market listing of its truck unit Traton, two people knowledgeable with
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