Volkswagen rides out impact of new pollution regulations on car sales

Volkswagen brand logo

Volkswagen posted forecast-beating third quarter profit, weathering a storm of less car sales, more spending and new pollution regulations which dented earnings at competitors Daimler and BMW. Automakers throughout the world are having hard time to lift investment spending on electric and self-driving vehicles while shouldering heavy investments to rebuild combustion engines to meet more […]

Porsche SE has no information about Piech’s stake sale talks

Porsche SE logo

Porsche SE, Volkswagen’s majority shareholder, stated it has no details about previous VW chairman Ferdinand Piech’s talks with the automaker’s managing families about a potential sale of his stake. “We are just notified about that talks are taking place,” chief executive Hans Dieter Poetsch stated on Tuesday at the company’s earnings press conference. “We can […]

Volkswagen looks for quick deal concerning Ferdinand Piech’s shares

Ferdinand Piech

The Porsche and Piech families are wanting to strike a quick deal to purchase shares in Porsche SE from Volkswagen’s former chairman Ferdinand Piech, a person knowledgeable with the matter stated on Monday. “The negotiations are serious,” the individual stated. Porsche SE, the holding company which manages 52 percent of VW’s shares, said on Friday […]

Volkswagen shares increase as $4.3 billion emissions deal with U.S. almost done

Volkswagen logo

Volkswagen shares increased in early Wednesday trading as financiers welcomed news the automaker is done with settling the criminal and civil settlement with the United States Justice Department over its emissions scandal. Volkswagen stated after the market close on Tuesday it remained in advanced discussions over a $4.3 billion settlement, and it prepared to plead […]