Toyota Motor Corp. may have kicked off the green-car movement with its Prius hybrid more than 20 years ago, but the company is not nearly as bullish as rivals about the American consumer embracing EVs.
Volkswagen AG canceled plans for a partial share sale in its Traton SE division, citing weak markets, a setback to the automaker’s plan to generate fresh funds for the heavy-truck unit’s expansion outside of Europe.
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.
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
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
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
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
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
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.