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Economy

Volkswagen puts brave face on crash into the red

Volkswagen plunged into the red in the third quarter, the first such loss for 15 years. The reason is the 6.7 billion euros set aside to deal with

Germany

VW posts huge operating loss: 3.48 billion euros

Car maker Volkswagen has posted a third-quarter operating loss of 3.48 billion euros. It is the German group’s first quarter loss in more than 15

Business Line

Business Line: how can banks and carmakers regain customers' trust?

Several years after the global financial crisis Europe’s banks are still trying to get back on track. Struggling to revive their fortunes and

Economy

Toyota recalls 6.5 million cars over faulty window switch

Toyota says it is recalling six and a half million vehicles worldwide to check a window power switch in some models. A defect has been found which

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Economy

Volkswagen to recall 8.5 million diesel vehicles in Europe

Volkswagen says it will recall around 8.5 million diesel cars in the European Union which have manipulated engines, beginning in January. The move

Economy

German investor confidence nosedives after VW emissions scandal

The revelation that millions of Volkswagen diesel cars had been polluting the air far more than had been claimed has helped send German investor

Economy

Live: the head of Volkswagen USA addresses Congress panel

Michael Horn, the head of Volkswagen USA, is expected to apologise before members of a US Congress committee in Washington over the scandal of the

Germany

Volkswagen's massive recall will start in January, CEO says

Volkswagen plans to start in January a massive recall of its cars whose software cheated diesel emissions tests, and to have them all fixed by the

Economy

Some Volkswagen investments may be cancelled, says CEO Müller

Volkswagen’s new boss has told its beleaguered workforce that the carmaker needs to make “massive savings” as it faces a potentially huge bill from

Germany

Emissions scandal: VW site launched to check vehicles' software status

Volkswagen’s luxury Audi unit has launched a website allowing customers to check whether their cars are installed with emissions-test-cheating

Business Line

Business Line: diesel's loss, hybrid and electric's gain?

The emissions fixing scandal which has engulfed Volkswagen, the world’s biggest car maker, is showing no sign of abating with the news that other

Economy

Electric shock as Tesla's Model X SUV finally launched

There was an electric shock for the SUV market, as Tesla Motors finally delivered the first of its long-awaited Model X vehicles – to a generally

World News

Volkswagen set to announce plans for one of the largest-ever recalls

Volkswagen says it is confident it can fix the software in some of the cars involved in the US-emissions rigging scandal. 11 million vehicles are

Europe News

Europe's carmakers 'tricking' drivers on fuel efficiency, new report claims

Europe’s carmakers are taking their customers for ride by tricking them into believing their vehicles are more fuel-efficient than they actually are

Economy

Suzuki to sell its stake in Volkswagen, sealing divorce

Suzuki has agreed to sell all of its shares in Volkswagen to Porsche. The move completes the dissolution of their failed partnership after four years

Germany

Matthias Mueller expected to be named new Volkswagen CEO

Volkswagen is expected to name Matthias Mueller as its new chief executive at a meeting of the car maker’s supervisory board this afternoon

World

VW 'endangers whole diesel car industry'

Many customers are typically shy of buying a used car, not a new one. But now world number one Volkswagen is faced with having to figure out how to

Business Series

VW shares continue to recover after steep falls

Volkswagen shares recovered slightly on Thursday after steep falls in recent days. But the emissions scandal has threatened to engulf VW’s rivals

Business Series

Volkswagen faces uphill battle to repair tarnished image

How far will the fallout from the VW emissions tests scandal stretch? Until this week the words ‘German engineering’ carried connotations of

Germany

Volkswagen shares rebound after CEO quits over emissions scandal

Battered shares of the scandal-hit German carmaker Volkswagen have continued to rebound following the resignation of the firm’s Chief Executive