SAN FRANCISCO— Volkswagen has agreed to pay its U.S. dealers up to $1.2 billion to compensate them for losses they said they suffered as a result of the company's emissions cheating scandal, according to a settlement agreement filed Friday in federal court in San Francisco. That deal calls for it to spend up to $10 billion buying back or repairing about 475,000...
Volkswagen confirmed it will make $1.21 billion in payments to 652 U.S. brand dealers as part of its emissions settlement.
German luxury auto maker BMW said Friday it will offer all electric versions of its BMW X3 compact sport utility vehicle and electric Mini models.
The 2016 Paris Motor Show opened its doors this week, with several car manufactures bringing their latest creations to display.
A big trend at the Paris Motor Show this year is creating greener, more energy efficient vehicles that will comply with new regulations.
In an interview Thursday with The Associated Press at the Paris auto show, Ghosn said, "Without any doubt we will continue to develop diesel," particularly for SUVs and other high-range cars. Renault also invested early and big in electric cars, and he added, "Anything that goes toward more electric cars is good for us." Renault unveiled its latest Zoe electric car...
The question hangs in the air at the Paris auto show, where Volkswagen, Mercedes-Benz and General Motors are showing off electric cars they hope are the on-ramp to a profitable future. Daimler AG CEO Dieter Zetsche looked more Silicon Valley than Stuttgart, wearing faded jeans and sneakers to tout the Mercedes-Benz EQ, a battery-powered crossover SUV concept.
Luca de Meo, CEO of SEAT, shares his insight on Volkswagen and says 2017 will be a special year for SEAT as it invests more into SUVs.
Matthias Mueller told CNBC that he hopes the DOJ will reach a conclusion in its investigation of the German car-maker by Christmas.
CNBC's Nancy Hungerford is at the Paris Motor Show and speaks to Volkswagen CEO Matthias Mueller about the DOJ investigation into the carmaker.
PARIS— Volkswagen CEO Matthias Mueller says the company is cooperating with U.S. authorities and hopes to reach a settlement on a fine with the Justice Department for equipping diesel vehicles to cheat on emissions tests. Mueller said the company admits it "made a big mistake" and that "we have worked on a very cooperative basis with the authorities in Germany,...
The CEO of Volkswagen Brands has sought to reassure consumers and investors about a potential fine from the U.S. Department of Justice.
Volkswagen dropped on Tuesday after a report said the U.S. government is assessing a criminal fine against the German carmaker.
FRANKFURT, Germany— Carmakers are finding the Paris auto show, held in a city whose mayor wants to ban diesels to reduce pollution, to be a fine place to show off new zero-emission electric vehicles. And Daimler AG's Mercedes-Benz will unveil a luxury electric SUV aimed at warding off competition from, among others, all-electric upstart Tesla.
Some of the names on the move ahead of the open.
Twitter, Volkswagen and JM Smucker are making waves on Wall Street this morning before the opening bell.
NASHVILLE, Tenn.— A group billing itself as an alternative to the United Auto Workers union at the Volkswagen plant in Tennessee has failed to meet minimum enrollment standards under the German automaker's internal labor policy. The company also said that the rival American Council of Employees no longer meets its policy's bottom tier, which requires the...
Major automakers escalated a fight to delay or revise the Obama administration's ambitious targets for cutting greenhouse gas emissions through 2025.
The Natural Resources Defense Council concluded that the TVs made by Samsung, LG Electronics and Vizio saddle households with an extra $120 million in electricity bills each year and generate tons of additional pollution. The added expense works out to about $10 to $20 per household annually over the anticipated decade-long life of the typical widescreen...
Sept. 18: The U.S. Environmental Protection Agency says Volkswagen installed software on more than 475,000 cars that enabled them to cheat on emissions tests. The EPA was alerted to the discrepancy in a report from the International Council on Clean Transportation. Sept. 25: Volkswagen appoints Matthias Mueller, the head of the group's Porsche unit, as the new CEO.