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How long can auto makers survive without selling cars?

The auto industry, and Detroit in particular, has been diligently preparing for a downturn for years. What it got instead was something altogether less manageable: a shutdown......»»

Category: topSource: moneycentralMar 24th, 2020

Volkswagen diesel settlement talks with German consumer groups fail

Volkswagen said talks with consumer groups who were seeking compensation over excessive pollution, caused by VW's diesel cars, had failed......»»

Category: topSource: reutersFeb 14th, 2020

NerdWallet: A guide to selling a car to a friend or family member

You can buy or sell cars with friends or family—as long as you do it right and make a fair deal......»»

Category: topSource: marketwatchFeb 7th, 2020

Volkswagen starts settlement talks with German consumer groups over diesel scandal

Volkswagen on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW's diesel cars......»»

Category: topSource: reutersJan 2nd, 2020

Volkswagen headquarters raided again over diesel scandal

Volkswagen said the raids were linked to an investigation into diesel cars with engine type EA 288......»»

Category: topSource: foxnewsDec 3rd, 2019

Germany"s car watchdog sets Audi ultimatum to remove illegal diesel software: report

Germany's motor vehicle authority (KBA) has told Volkswagen's premium brand Audi that it faces penalties for its failure to remove illegal software from diesel cars that can manipulate emissions levels, the Bild am Sonntag (BamS) newspaper reported......»»

Category: topSource: reutersSep 15th, 2019

Czech owners of Skoda, Volkswagen cars qualify for $23 million compensation, court says

A Prague district court has ruled that a number of Czech owners of Skoda and Volkswagen cars qualify for 533 million crowns ($23.30 million) in compensation linked to VW's diesel emissions scandal, the ruling seen by Reuters said......»»

Category: topSource: reutersJun 19th, 2019

Czech owners of Skoda, Volkswagen cars qualify for $23 million compensation

A Prague district court has ruled that a number of Czech owners of Skoda and Volkswagen cars qualify for 533 million crowns ($23.30 million) in compensation linked to VW's diesel emissions scandal, the ruling seen by Reuters said......»»

Category: topSource: reutersJun 19th, 2019

Czech owners of Skoda, Volkswagen cars qualify for $23 million compensation: report

A Prague district court has ruled that Czech owners of Skoda and Volkswagen cars qualify for 533 million crowns ($23.30 million) in compensation linked to VW's diesel emissions scandal, a news website reported on Wednesday......»»

Category: topSource: reutersJun 19th, 2019

German appeals court rules in favor of VW diesel owners

A regional appeals court in Karlsruhe on Friday ruled that German Volkswagen dealers must take back cars fitted with illegal software devices or give their customers new vehicles......»»

Category: topSource: reutersMay 24th, 2019

Former Volkswagen CEO charged with fraud in Germany

German prosecutors have indicted former Volkswagen CEO Martin Winterkorn and four others on charges of fraud and unfair competition, saying he failed to prevent manipulation of engine software that let Volkswagen cars cheat on diesel emission tests......»»

Category: topSource: foxnewsApr 15th, 2019

Audi sees margin target hit by electric car investments

Audi the premium brand owned by Volkswagen said it expects to deliver an operating return on sales between 7 percent and 8.5 percent, below its long-term target, as costs for developing electric cars weigh on profits......»»

Category: topSource: reutersMar 14th, 2019

Cars So Hot They’re Out of Stock

New models and long-time favorites share the list of the 26 quickest-selling vehicles in the United States last year. The level of demand is based on the number of days it takes for a dealer to sell........»»

Category: blogSource: 247wallstMar 11th, 2019

Ex-Volkswagen CEO indicted in alleged plot to rig diesel cars to pass U.S. emissions tests

Martin Winterkorn is one of the executives who are alleged to have either rigged cars to beat emissions tests or t.....»»

Category: topSource: usatodayMay 3rd, 2018

Nissan to gradually withdraw from diesel vehicle market in Europe

PARIS (Reuters) - Japanese carmaker Nissan will gradually stop selling diesel cars in Europe, in a further sign of weakening demand for those cars as customers worry about tax rises and looming bans and restrictions related to diesel in many countries......»»

Category: topSource: reutersMay 7th, 2018

Audi Finds Illegal Emissions Software in Some Diesel Vehicles

Audi, the luxury car maker owned by Volkswagen, said it had found illegal software that manipulates emissions in about 60,000 of its best-selling diesel-powered vehicles mostly sold overseas......»»

Category: smallbizSource: wsjMay 8th, 2018

VW could face further fines from German authorities

BRAUNSCHWEIG, Germany (Reuters) - Volkswagen could face additional fines in Munich and Stuttgart on top of the 1 billion euros ($1.2 bln) it has been told to pay for management lapses which caused emissions cheating on 11 million VW diesel cars......»»

Category: topSource: reutersJun 14th, 2018

Volkswagen scandal: Time running out for diesel car owners to cash in on $10B deal

Owners of Volkswagen and Audi diesel cars rigged with software that causes them to pollute have less than two months left to request compensation as part of a sweeping settlement.    .....»»

Category: topSource: usatodayJul 16th, 2018

9 electric cars that will challenge Tesla"s Model 3 (TSLA)

Volkswagen Tesla recently hit an important production milestone for the Model 3. The Model 3 is essential to Tesla's long-term ambitions and quest for profitability. As Tesla continues to ramp up Model 3 production, a number of other automake.....»»

Category: topSource: businessinsiderJul 19th, 2018

VW"s Porsche to stop offering diesel models: Bild am Sonntag

Volkswagen's Porsche will stop offering diesel versions of its cars, the unit's chief executive told a weekly newspaper, responding to ever tougher requirements to curb CO2 emissions......»»

Category: topSource: reutersSep 22nd, 2018