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  • The allegations in the lawsuit carry penalties that could cost Volkswagen billions of dollars, a senior Justice Department official said. "The United States will pursue all appropriate remedies against Volkswagen to redress the violations of our nation's clean air laws," said Assistant Attorney General John Cruden of the environment and natural resources...

  • LAS VEGAS, Jan 3- Toyota Motor Corp and Ford Motor Co said on Monday they will adopt the same software to link smartphone apps to vehicle dashboard screens and invited other automakers to join them to counter Apple Inc and Google's push to control cars of the future. Adopting a connectivity standard not linked to Apple or Google may help automakers in China, the...

  • Audi's big bet on a rental car start-up Monday, 4 Jan 2016 | 8:00 AM ET
    Audi A4 Sedan

    Silvercar, a rental car start-up featuring only silver Audi A4 sedans, has turned to the luxury brand to fund its latest expansion.

  • *Hyundai Motor, Kia Motors shares down 3.4 pct. SEOUL, Jan 4- Hyundai Motor and affiliate Kia Motors expect their vehicle sales to rise 1.5 percent this year, lagging industry growth forecasts, after missing their target in 2015 for the first time since the 2008 global financial crisis. The South Korean pair are expected to see China sales bounce back thanks to tax...

  • SEOUL, Jan 4- Hyundai Motor and affiliate Kia Motors expect their vehicle sales to rise 1.5 percent this year, lagging industry growth forecasts, after missing their target in 2015 for the first time since the 2008 global financial crisis. The South Korean automakers, once out-performers in the global industry, have been losing momentum in recent years, with...

  • UPDATE 1-Hyundai, Kia see weak sales growth in 2016 Sunday, 3 Jan 2016 | 6:43 PM ET

    SEOUL, Jan 4- Hyundai Motor and affiliate Kia Motors forecast their global sales would rise 1.5 percent to 8.13 million vehicles in 2016, after missing their annual target for the first time since the global financial crisis in 2015.. They are also bracing for a weaker recovery in such markets as South Korea, the United States and Europe. Hyundai Motor is...

  • Major global events that shook 2015 Thursday, 31 Dec 2015 | 1:15 AM ET

    This year saw some seismic events take place around the world. CNBC looks back at some of the most significant.

  • CES 2016: Smart homes, smart cars, virtual reality Wednesday, 30 Dec 2015 | 3:57 PM ET
    People pass a CES sign during preparations for the 2016 International CES trade show at the Las Vegas Convention Center in Las Vegas, January 3, 2016.

    What to watch for at CES: Smart homes, self-driving cars, wearables, virtual and augmented reality, and drones dominate.

  • Europe ends lower as oil slides; Fingerprint booms Wednesday, 30 Dec 2015 | 11:30 AM ET
    Crude oil production

    European equities finished lower on Wednesday as investors fretted over renewed weakness in global commodity markets.

  • Chipotle to VW: These companies had a terrible 2015 Tuesday, 29 Dec 2015 | 12:36 PM ET

    Thursday marks the close of a bumpy year for some corporate giants.

  • *Audi to spend more than 3 bln euros on plants, equipment. FRANKFURT, Dec 28- Volkswagen's flagship Audi division reined in its spending plans for 2016 and delayed the construction of a new wind tunnel on Monday, after the German carmaking group was hit by a scandal over rigged emissions tests. Audi, which made a higher operating profit than the VW group in the first...

  • This was the top business story in 2015 Sunday, 27 Dec 2015 | 10:42 AM ET
    China investor stock prices

    Here are the top 10 business stories of the year, in descending order. NBCNews reports.

  • Europe ends 2.7% up on oil recovery; Miners soar Wednesday, 23 Dec 2015 | 11:30 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE).

    European markets accelerated gains on Wednesday to close sharply higher, as investors cheered the recovery in oil prices and mining stocks.

  • Europe ends mixed as oil recovers; miners jump Tuesday, 22 Dec 2015 | 11:48 AM ET

    European stocks attempted to make gains on Tuesday, but closed mixed as the volatility in oil prices kept investors on edge.

  • DETROIT, Dec 22- The United Auto Workers union has filed charges against Volkswagen AG, claiming the company is refusing to enter into collective bargaining for a portion of workers at its Chattanooga, Tennessee, factory, the union said on Tuesday. On Dec. 4, more than 70 percent of the 161 skilled trades workers at the VW plant voted to join the UAW.

  • INSIGHT-"Das Auto" no more: VW plans image offensive Tuesday, 22 Dec 2015 | 5:45 AM ET

    *VW to ditch "pretentious" Winterkorn-era slogan. BERLIN, Dec 22- Scarred by a public relations thrashing over its "Dieselgate" scandal, Volkswagen is planning an image offensive, and its "Das Auto" global advertising slogan is an early casualty. Launched in 2007 under ousted boss Martin Winterkorn, the slogan has had the advantage of simplicity, merely meaning "The...

  • Europe ends lower; oil slips; IBEX sinks 3.6% Monday, 21 Dec 2015 | 11:49 AM ET
    Oil pipeline and refinery.

    European markets came under pressure Monday to close lower, as Spanish stocks and oil prices took a tumble.

  • Which sector will go from naughty to nice? Sunday, 20 Dec 2015 | 9:15 PM ET
    Kerry Nistel

    In this week's "Trader Poll," we want to find out from you which sectors will go from naughty to nice on Santa's list?

  • FRANKFURT, Dec 20- Volkswagen plans to limit the time staff can remain in certain roles, its supervisory board chairman told a German weekly, in a step to improve oversight at the German carmaker. VW said in September it had cheated U.S. emissions tests and installed software capable of deceiving regulators, wiping billions of euros off its market value and...

  • In turn, Winkelmann could join Audi sports unit Quattro GmbH, the report said. Audi was not immediately available for comment. Domenicali currently works for Audi, where he holds the role of "vice president for new business initiatives," according to his LinkedIn account.