Restructuring

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  • Newswire

    UPDATE 5-VW cuts 2016 capital spending plan as cheating scandal widens  

    * VW cuts 2016 capex plan to 12 bln euros from 13 bln * Says 75,000 more U.S. vehicles have excess emissions * Details of vehicle fixes provided to US regulators (Adds EPA saying VW provided initial proposal on vehicle fixes) By Andreas Cremer and David Shepardson WOLFSBURG, Germany/WASHINGTON, Nov 20 (Reuters) - Volkswagen AG cut 1 billion euros ($1.1 billion) from its 2016 investment plan on Friday, as its emissions cheating scandal expanded to include tens of thousands more U.S. vehicles....More
  • Newswire

    India's Mahindra Nearer to Pininfarina Acquisition  

    The Italian design studio, whose clients have included Ferrari, Maserati and Rolls-Royce, says it expects to reach a deal to be acquired by the Indian conglomerate in coming weeks....More
  • Newswire

    VW Ex-CEO Winterkorn Steps Down as Audi Chair  

    Martin Winterkorn resigned as Volkswagen CEO last month as the scandal over falsified emissions-test results unfolded, then quit Wednesday as Audi chief after similar allegations against the VW luxury brand surfaced....More
  • Newswire

    Volkswagen Hires Opel's Ex-CEO  

    Thomas Sedran was interim CEO at the General Motors subsidiary in 2012-2013 and headed its Chevrolet and Cadillac brands in Europe until June....More
  • Newswire

    Winterkorn Reported Quitting All VW Posts  

    German media report Winterkorn, who quit as CEO last month after VW admitted cheating on U.S. diesel-emissions tests, also will step down as CEO of Porsche and chairman of Audi....More
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Feb 12, 2016
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WardsAuto

Subaru 2.0L Turbo-4 Boxer -- 2016 Award Acceptance

Subaru accepts its award at the 2016 Wards 10 Best Engines ceremony, held Jan. 13 in Detroit....More

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