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  • VW woes send resale prices into a hard skid Wednesday, 7 Oct 2015 | 3:28 PM ET
    Pre-owned Volkswagen vehicles on sale at a dealership in Fair Lawn, New Jersey, on Sept. 29, 2015.

    Despite the decrease in value of used cars, Volkswagen revealed Thursday that its U.S. sales rose 0.6 percent in September.

  • WASHINGTON, Oct 7- Volkswagen AG has withdrawn a software feature from its model year 2016 vehicles that should have been disclosed to regulators as an auxiliary emissions control device, the company's U.S. chief said on Wednesday. In written testimony submitted to a House oversight panel a day ahead of a Thursday hearing, Volkswagen America President and...

  • U.S. chief of VW pledges cooperation with Congress Wednesday, 7 Oct 2015 | 2:37 PM ET

    WASHINGTON, Oct 7- Volkswagen AG's U.S. chief pledged to cooperate with a congressional investigation into the German carmaker's emissions scandal but offered little insight into what led to the crisis.

  • In written testimony submitted to a House oversight panel a day ahead of a Thursday hearing, the EPA officials also said that Volkswagen AG concealed information about its ploy to cheat on diesel emissions after higher emission levels were discovered. The EPA is investigating the scandal in the United States in conjunction with the U.S. Department of Justice.

  • WASHINGTON, Oct 7- Two senior officials from the Environmental Protection Agency told U.S. lawmakers on Wednesday that they cannot divulge new details about the agency's probe of Volkswagen without jeopardizing their investigation.

  • European stocks close flat; autos, miners outperform Wednesday, 7 Oct 2015 | 11:30 AM ET

    European stocks pared gains to close flat on Wednesday, with auto stocks and miners outperforming after some recovery in oil prices.

  • WOLFSBURG, Germany, Oct 7- Volkswagen said on Wednesday it would take time to get to the bottom of its rigging of diesel emissions tests, hours before the carmaker is due to give updates on its findings to German regulators and U.S. lawmakers. More than two weeks after it admitted to cheating U.S. emissions tests, Europe's largest carmaker is under pressure to...

  • WASHINGTON, Oct 7- Top senators on the U.S. Senate Finance Committee are investigating Volkswagen AG's actions related to federal tax credits designed to reward consumers for buying environmentally friendly vehicles, according to a letter released on Wednesday. The move by Senate Finance Committee Chairman Orrin Hatch, a Republican, and ranking Democrat...

  • *Government probing VW cars in India after emissions scandal. NEW DELHI, Oct 7- German carmaker Volkswagen AG's India unit is investigating the Polo hatchback cars it sells over "technical issues," a spokesman for the local unit told Reuters on Wednesday. The spokesman said the investigation is not related to the diesel emissions scandal over which the company is...

  • WASHINGTON, Oct 7- Top senators on the U.S. Senate Finance Committee are investigating Volkswagen AG's actions related to federal tax credits designed to reward consumers for buying environmentally-friendly vehicles, according to a letter released on Wednesday. The move by Senate Finance Committee Chairman Orrin Hatch and ranking Democrat Ron Wyden was...

  • Volkswagen dealer: This was fraud Wednesday, 7 Oct 2015 | 8:34 AM ET
    A sign marks the location of a Volkswagen dealership in Evanston, Illinois.

    In 23 years selling Volkswagens, Steve Kalafer reckons he has never seen anything as bad as the German automaker's rigging of emissions tests.

  • *Supervisory board meeting at headquarters in Wolfsburg. The 20- person board gathered at the German carmaker's headquarters in Wolfsburg at around 9 a.m.. More than two weeks after it admitted to cheating U.S. emissions tests, Europe's largest carmaker is under pressure to identify those responsible, to say how vehicles with illegal software will be fixed and...

  • Volkswagen recall to start in January Wednesday, 7 Oct 2015 | 6:48 AM ET
    Matthias Mueller addresses a news conference at Volkswagen's headquarters in Wolfsburg, Germany, on Sept. 25, 2015.

    Volkswagen hopes to complete its recall for vehicles hit by the emissions crisis by the end of next year.

  • *Supervisory board meeting at headquarters in Wolfsburg. The 20- person board gathered at the German carmaker's headquarters in Wolfsburg at around 9 a.m.. More than two weeks after it admitted to cheating U.S. emissions tests, Europe's largest carmaker is under pressure to identify those responsible, to say how vehicles with illegal software will be fixed and...

  • SYDNEY, Oct 7- The number of vehicles sold in Australia fitted with devices designed to mask the level of emissions has risen to more than 90,000 from 77,000, to include the Audi brand, widening a global scandal that engulfed German automaker Volkswagen. "Volkswagen Group Australia takes this issue extremely seriously and is continuing to gather all the facts...

  • Any issue with EPA's operations could lead Congress to request independent government inquiries of the agency by the watchdog Government Accountability Office and the EPA Inspector General, the aides said. Any evidence that other auto manufacturers have also used so-called defeat devices to evade EPA emissions standards could prompt lawmakers to...

  • European stocks end higher as oil rallies Tuesday, 6 Oct 2015 | 11:32 AM ET

    European ended higher on Tuesday, with miners and auto stocks leading the way as oil prices climbed back over $50 per barrel.

  • A memo released by the House Energy and Commerce Committee identified the witnesses as Christopher Grundler, director of EPA's Office of Transportation and Air Quality, and Phillip Brooks, director of the agency's Air Enforcement Division.

  • Volkswagen CEO: Massive cost cuts needed Tuesday, 6 Oct 2015 | 6:51 AM ET
    Volkswagen CEO Matthias Mueller addresses a news conference at Volkswagen's headquarters in Wolfsburg, Germany September 25, 2015.

    Volkswagen's CEO said the firm will need to make "massive" cost savings to overcome the consequences of the emissions scandal.

  • VW: Time to overhaul governance Tuesday, 6 Oct 2015 | 4:46 AM ET
    Christophe Morin | Bloomberg via Getty Images

    Investors want to see better governance in German carmaker Volkswagen following the emissions scandal, according to Arndt Ellinghorst.