Ferrari will pull into some of the world's wealthiest pit stops on an IPO roadshow aimed at securing a market valuation of $10B. the FT reports.
Winterkorn fostered a climate of fear, an authoritarianism that went unchecked partly due to a company structure unique among German carmakers.
Ferrari expects its U.S. IPO to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion.
European stocks finished higher on Friday, after global stocks and oil prices rose following dovish minutes from the U.S. Federal Reserve, easing investor interest rate fears.
VW is not alone in promoting a corporate culture of cheating. Here's how the industry needs to change, Daron Gifford.
Roughly 3.6 million VW cars in Europe with 1.6- liter engines need hardware changes in the wake of the company's emissions scandal.
Volkswagen America CEO Michael Horn apologizes on Capitol Hill and says VW is "determined to make things right."
European stocks attempted to end Thursday on a high, as investors shook off global market woes and steered their focus towards the oil price rally.
German prosecutors carried out searches for material that would help clarify who was responsible for emissions cheating.
Volkswagen has warned it would take time to investigate its rigging of emissions tests, hours before it is due to give updates on its findings.
Despite the decrease in value of used cars, Volkswagen revealed Thursday that its U.S. sales rose 0.6 percent in September.
European stocks pared gains to close flat on Wednesday, with auto stocks and miners outperforming after some recovery in oil prices.
In 23 years selling Volkswagens, Steve Kalafer reckons he has never seen anything as bad as the German automaker's rigging of emissions tests.
Volkswagen hopes to complete its recall for vehicles hit by the emissions crisis by the end of next year.
European ended higher on Tuesday, with miners and auto stocks leading the way as oil prices climbed back over $50 per barrel.
Volkswagen's CEO said the firm will need to make "massive" cost savings to overcome the consequences of the emissions scandal.
Investors want to see better governance in German carmaker Volkswagen following the emissions scandal, according to Arndt Ellinghorst.
Jim Cramer was shocked with the amount of good news bursting in the market on Monday. In fact, he's rethinking everything.
Wondering what the Fed will do next? Risk from a strong dollar could change the Fed policy path, one expert said.
European stocks accelerated gains into the close on Monday after a weak U.S. employment report dampened expectations that the U.S. Federal Reserve will start raising interest rates soon.