Volkswagen on Tuesday rejected allegations of being anti-competitive after parts supplier Prevent Group took legal action against the automaker in the U.S. District Court in Detroit. The lawsuit states that
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Most of the unions representing employees at Peugeot maker PSA are in support of a planned $50 billion merger with Fiat Chrysler, PSA executives and union representatives stated. The unions
Volkswagen slashed its forecasts for operating profit and sales expansion on Monday because of a slump in demand for passenger cars, while keeping profit margin targets. “It is fair to
Volkswagen’s new ID.3 electric vehicle are going to be 40% cheaper to construct than the electric version of its Golf model, Chief Executive Herbert Diess informed investors on Monday. The
Volkswagen on Friday selected former BMW executive Markus Duesmann to reinvent Audi as the German premium brand appears to have lost key engineering know-how and influence following the 2015 diesel-cheating
Volkswagen plans to invest 60 billion euros ($66.12 billion) by 2024 to develop electric and hybrid cars along with digital technologies, the automaker stated on Friday. Volkswagen prepares to build
German prosecutors sought charges against a present Volkswagen manager along with a former manager and two former board members, alleging of them awarding works council members inflated incomes. The Braunschweig
Volkswagen CEO Herbert Diess on Friday stated the German automaker has no strategy to cooperate with American electric automaker Tesla. During the interview in Wolfsburg, Germany, Diess stated that Tesla
Ferrari has now rolled out the Roma, a record fifth new model announced this year, as the Italian luxury automaker with the famous “prancing horse” logo looks to maintain profit
Stricter emissions rules are going to hit Daimler’s profits in 2020 and 2021, prompting the German automaker to seek over 1 billion euros ($1.1 billion) in savings from slashing staff
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