Volkswagen has agreed the terms of a 20 billion euro ($21 billion) bridging loan with banks to help shoulder the costs of its emissions scandal.
European equities closed the session mixed Wednesday as investors digested inflation numbers and contemplated the possibility of further stimulus.
Squawk Box Live had the latest on Volkswagen and an exclusive interview with Spain's economy minister ahead of elections in his country.
What's crazier than buying a $2 million car? Buying a $2 million car that you haven't been able to see pictures of, let alone test-driven.
European equities closed Monday trade in mixed territory as a jump in oil prices boosted sentiment, at the start of an important week for markets and central banks.
Toyota Motor outsold Volkswagen for the fourth straight month in October to remain the world's top-selling automaker so far this year.
European equities ended higher Thursday as investors anticipated more stimulus from the European Central Bank (ECB) when it meets next week.
Asian markets ended mixed on Thursday amid hopes for fresh European stimulus while new data reinforced expectations for tighter U.S. monetary policy.
South Korea said its own testing showed that Volkswagen intentionally manipulated a diesel emissions device in vehicles with an older engine.
European markets finished sharply lower on Tuesday after Turkish fighter jets shot down a Russian warplane near the Syrian border.
Analysts have said the costs of fines, lawsuits and vehicle refits caused by VW's rigging of diesel emissions tests could top $42 billion.
German Chancellor Angela Merkel, who's usually seen as Europe's indispensable leader, is in danger of losing that role.
European equities pared losses but still traded lower on Monday with investors reacting to price fluctuations in the oil market.
Embattled German carmaker Volkswagen has announced a 1 billion euro ($1.07 billion) reduction in its annual capital expenditure.
U.S. authorities are investigating German auto supplier Robert Bosch GmbH over its role in Volkswagen massive scheme to cheat U.S. emission standards.
Volkswagen said 120,000 owners of its rule-breaking diesel cars had accepted $500 gift cards and $500 toward vehicle repairs.
President of Audi of America Scott Keogh discusses Audi sales this year, as well as sales of electric and hybrid cars.
Autonomous vehicles still struggle with mundane challenges such as tumbleweed,a Volkswagen executive has warned, the FT reported.
Lamborghini on Tuesday introduced a new rear-wheel drive version of its popular Huracan.
European equities soared by the close on Tuesday as markets got a confidence boost from fresh European data and corporate earnings.