VW to Pay $100 Million, Restate Mileage in US Gas-Powered Cars
Volkswagen AG will revise fuel economy labels on several gasoline-powered models and pay nearly $100 million to drivers after an investigation discovered software that could optimize efficiency during government tests but not during real-world driving.
VW Bucks Downward Trend in Weak Markets on Strength of SUV Deliveries
Volkswagen AG joined PSA Group in using sales of lucrative SUVs to stand out against a crowd of carmakers struggling with the auto market’s downturn.
VW, Ford Extend Collaboration to Electric, Self-Driving Cars
Volkswagen AG and Ford Motor Co. will cooperate on electric and self-driving car technology, sharing costs on a global scale to take a major step forward in the industry’s disruptive transformation.
Ford-VW Alliance Seen Amping Up Pressure on Other Automakers
The soon-to-expand alliance between Ford Motor Co. and Volkswagen AG has the potential to transform the global auto industry and increase pressure on other manufacturers developing electric and self-driving cars, analysts said.
VW’s Traton IPO to Raise $1.8 Billion, Pricing at Low End
Volkswagen AG raised 1.55 billion euros ($1.8 billion) selling a stake in its truck business, but only after pricing the offer at the low end of a target range to attract investors to one of Europe’s biggest initial public offerings this year.
VW Board Puts Ford Alliance on Agenda for July Meeting
Volkswagen AG’s supervisory board plans to discuss and possibly approve next steps toward expanding an alliance with Ford Motor Co. when it meets in two weeks, according to people familiar with the matter.
VW Steps Up Software Push With Own Operating System
Volkswagen AG is stepping up the pace of its digital transformation with a plan to pool some 5,000 digital experts into a single unit that will develop “vw.os,” a uniform software operating system across all new models.
VW’s $18.6 Billion Truck IPO to Test CEO’s Overhaul Plan
Volkswagen AG valued its heavy-trucks business at as much as $18.6 billion in a planned initial public offering that will test CEO Herbert Diess’ ambition of overhauling the carmaking behemoth.
VW Brand to Trim as Many as 4,000 Jobs Amid Digital Overhaul
Volkswagen AG’s main car brand will let lapse as many as 4,000 general and administrative jobs while adding at least 2,000 IT positions over the next four years, avoiding layoffs at its German factories as it negotiates a major shift toward electrification and self-driving cars.
VW Joins BMW in Testing Self-Driving Cars on German City Streets
Volkswagen AG has started testing five electric and highly-automated versions of its Golf compact cars on the streets of Hamburg, Germany.