Volkswagen AG

Volkswagen Faces Lawsuit From Deceived Dealerships of Napleton Group In Illinois Court

Three Volkswagen dealerships operating in Illinois and Florida has sued the German automaker for being deceived through the diesel-gate scam. The dealerships also accuse VW for illegally favoring some dealers and forcing retailers into financing arrangements with a company-lending affiliate. The plaintiffs have sought class status for the suit and appropriate compensation from the accused.

Read Full Article

Volkswagen says sorry in Japan auto show

Volkswagen AG, Europe's largest automaker, is maintaining an investment plan to build a new seven-seater sports utility vehicle. It is starting next year at its only manufacturing plant in Tennessee, although beset by issues of cost cuts in the wake of the company's diesel-emission manipulation scandal.

Read Full Article

Volkswagen emissions scandal alarms China quality watchdog

In China, the process in Volkswagen AG's diesel cars designed to fool emissions test greatly worries its quality watchdog. It said on Monday that these vehicles need to take specific follow-up measures.

Read Full Article

Qatar plans $35B investment in US market

The Qatar Investment Authority (QIA), the Doha-based sovereign wealth fund of the world's richest nation by per capita income manages over $300 billion, has opened its office in New York and earmarked $35-billion investment over next five years in the US business opportunity.

Read Full Article

Volkswagen appoints a new chairman

A reversal of roles takes place at Volkswagen AG, with the selection of its chief financial officer, Hans Dieter Pötsch, as chairman. The appointment dashes the hopes of Pötsch's current boss, Martin Winterkorn, of being chairman himself.

Read Full Article

China consumer show targets Volkswagen, Nissan, Mercedes

Car makers, including Volkswagen AG (VOWG_p.DE), Nissan Motor Co (7201.T) and Daimler AG's (DAIGn.DE) Mercedes Benz, said they are probing allegations aired late on Sunday by Chinese state TV that the firms oversold repairs and spare parts to drivers.

Read Full Article

Lexus, Mazda get highest marks in Consumer Reports auto brand study

Toyota Motor Corp's (7201.T) Lexus brand finished on top of the Consumer Reports annual "brand report card" for the third straight year, the influential U.S. magazine said on Tuesday.

Read Full Article

VW recognizes anti-UAW worker group ACE at Tennessee plant

Volkswagen AG (VOWG_p.DE) said on Monday it had recognized a new group called the American Council of Employees to represent workers at its auto assembly plant in Chattanooga, Tennessee, in addition to the United Auto Workers.

Read Full Article

Toyota ends freeze on expansion, looks at three new plants

Toyota Motor Corp (7203.T) is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company's plans said.

Read Full Article

China price regulator fines Volkswagen and Chrysler for price monopoly

China's anti-monopoly regulator on Thursday announced its first-ever punishment of foreign carmakers for price-fixing, fining Volkswagen AG and Fiat's Chrysler a combined $46 million.

Read Full Article

Ford recalls 191,770 Focus sedans in China on fuel leak risk

Ford Motor Co will recall 191,770 cars in China from Friday to replace some parts after a quality watchdog found a fuel leak risk in the Ford Focus, the country's best-selling compact sedan.

Read Full Article

Malaysia to relax foreign auto restrictions to lure in investments

Malaysia will implement a new policy that will selectively allow foreign auto makers to manufacture small passenger cars, according to the chief executive officer of a trade ministry unit.

Read Full Article

Audi proposes $30.3 B investment plan to challenge Toyota, GM, BMW sales

Volkswagen AG's Audi division said today in a statement that it is aiming to challenge major automobile players in terms of global sales by pouring in €22 billion or $30.3 billion in auto model and technology development through 2018.

Read Full Article

Italian car maker Fiat restarts talks to acquire Chrysler stake -sources

Turin, Italy-based car maker Fiat SpA restarted negotiations to purchase the remaining shares of US-based auto manufacturer Chrysler Group LLC, according to sources familiar with the matter.

Read Full Article

Volkswagen warned about UAW

The naivete of Volkswagen was called out by Tennessee Republican Senator Bob Corker.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics