Some of the names on the move ahead of the open.
BERLIN— Shares in Volkswagen are making solid gains after the German automaker said that it's in advanced talks with U.S. authorities on a settlement in its diesel emissions scandal. Volkswagen shares were up 3.9 percent on the day at 151.80 euros in early-afternoon Frankfurt trading Wednesday. The company said Tuesday night that a draft settlement with the...
Volkswagen has negotiated a $4.3 billion draft settlement with U.S. regulators over its diesel emissions issues in the States. CNBC’s Nancy Hungerford has more.
CNBC’s Nancy Hungerford takes a look at the current state of Volkswagen, following its emissions scandal and the pending legal issues it faces.
WASHINGTON— Six high-level Volkswagen employees from Germany were indicted in the U.S. on Wednesday in the VW emissions-cheating scandal, while the company itself agreed to plead guilty to criminal charges and pay $4.3 billion— by far the biggest fine ever levied by the government against an automaker. In announcing the charges and the plea bargain, Justice...
CNBC's Dan Murphy reports on the latest in the Volkswagen emissions scandal.
Part of the final agreement includes a guilty plea regarding certain U.S. criminal law provisions, Volkswagen says.
FRANKFURT, Germany— German automaker Volkswagen AG said Tuesday that it was in "advanced talks" with United States authorities over a proposed settlement in its diesel emissions scandal under which the company would pay $4.3 billion in criminal and civil fines. The draft settlement with the U.S. Department of Justice and U.S. Customs and Border Protection...
Volkswagen announces "concrete draft of a settlement" with the U.S. Department of Justice for $4.3 billion which includes fines over emission scandal. CNBC's Phil LeBeau reports.
Europe shares closed slightly higher on Tuesday afternoon as investors reacted to fresh data from China and volatility in currency markets.
FRANKFURT, Germany— It's ironic: Volkswagen spent 2016 battling a huge scandal over cars it rigged to cheat on emissions tests. Booming business in China helped Volkswagen increase its sales to 10.31 million vehicles last year across all its brands, which include Audi, Porsche and Skoda, the company said Tuesday. The company based in Wolfsburg, Germany, said...
Senior management at Volkswagen allegedly authorized the concealment of emissions cheat devices, according to criminal charges unsealed by U.S. prosecutors. CNBC’s Nancy Hungerford reports.
Carmakers used the Detroit Auto Show to talk up their U.S. production, likely reacting to Trump’s all-hours tweets, an analyst said Tuesday.
Volkswagen suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating.
Mercedes-Benz sales overtook BMW last year for the first time in more than a decade after focusing on making stylish high-tech cars.
European markets continued lower on Monday afternoon as investors focused on fresh data from the euro zone and volatility in oil markets.
FRANKFURT, Germany— German automaker Volkswagen saw sales jump 16 percent in December for its namesake brand, propelled by a big increase in China, Volkswagen's biggest market. Results were boosted by a 29 percent jump in China. Volkswagen's other brands include Audi, Skoda, and Porsche.
The FBI has arrested a Volkswagen executive who faces charges of conspiracy to defraud the U.S., the NYT reports.
Volkswagen and the Justice Department are nearing a deal to resolve criminal and civil allegations over the German automaker's diesel cheating.