Connecticut is obtaining $7.5 million from the national Volkswagen settlement over emissions cheating and will use the funds to help replace aging diesel trucks and other equipment.
May 31, 2018VW
Government, Business, Equipment, TCA
Krisztian Bocsi/Bloomberg News
Connecticut Gov. Dannel Malloy Says Volkswagen Settlement Funds Will Help Update Diesel Trucks
Krisztian Bocsi/Bloomberg News
Government, Business, Technology, Equipment, Logistics, TCA
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Funds From Volkswagen Diesel Scandal to Pay for Zero-Emission Trucks in California
Getty Images
State officials figure the Volkswagen diesel emissions testing scandal added an extra 10,000 tons of noxious nitrogen oxide to California’s air. To make up for it, the state will use $423 million of Volkswagen penalty money to cut the same amount of nitrogen oxide by subsidizing the purchase of zero-emission trucks, buses and other vehicles.
May 29, 2018
Business, Equipment
Herbert Diess, CEO of Volkswagen AG, speaks during the automaker's annual general meeting in Berlin, Germany, on May 3. (Krisztian Bocsi/Bloomberg News)
VW CEO Herbert Diess Urges Corporate Culture Change Amid Sweeping Revamp
Herbert Diess, CEO of Volkswagen AG, speaks during the automaker's annual general meeting in Berlin, Germany, on May 3. (Krisztian Bocsi/Bloomberg News)
Herbert Diess, CEO of Volkswagen AG, pledged to step up integrity and compliance efforts as part of the German manufacturer’s deepest overhaul since the diesel-emissions scandal came to light in 2015.
May 4, 2018
Business, Equipment
Krisztian Bocsi/Bloomberg News
VW Truck Division Signals Possible Takeover of Navistar
Krisztian Bocsi/Bloomberg News
Volkswagen AG’s heavy-vehicle division is open to a takeover of U.S. affiliate Navistar International Corp. as the German company seeks scale to compete with global leaders Daimler AG and Volvo AB.
April 16, 2018
Business
Diess by Daniel Acker/Bloomberg
VW Appoints Herbert Diess CEO in Sweeping Overhaul
Diess by Daniel Acker/Bloomberg
Volkswagen AG picked a new leader in a management shakeup to ready the world’s largest automaker for a wave of technological change upending the industry’s traditional business models.
April 12, 2018
Business, Technology, Equipment, Safety, Fuel, Autonomous
Krisztian Bocsi/Bloomberg News
VW to Roll Out Electric Trucks, Buses in $1.7 Billion Project
Krisztian Bocsi/Bloomberg News
Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing public concerns about air quality boost demand.
October 11, 2017
Business
Volkswagen Increases Stake in Navistar
Volkswagen Truck & Bus, a unit of Volkswagen AG, has purchased nearly 300,000 additional shares of stock in Navistar International Corp.
August 1, 2017
Business
VW Says It Is Not Under Pressure to Sell Truck Business
Volkswagen is not under pressure to sell its truck business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper.
January 31, 2016
Business
Casper Hedberg/Bloomberg News
Swedish Shareholders Group Recommends VW Bid for Scania
Casper Hedberg/Bloomberg News
A Swedish shareholders group recommended that its members accept Volkswagen AG’s $9.2 billion bid to buy out Swedish truck maker Scania AB, Reuters reported April 16.
April 16, 2014
Business
Volkswagen Wins Agreement for Control of MAN SE
German truck maker MAN SE’s CEO said an offer from Volkswagen AG to purchase the rest of MAN below the current market value is fair, given the poor economic conditions in Europe, Bloomberg News reported.
June 7, 2013Follow Us
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