• Newswire

    VW Reported Planning Extraordinary Board Meeting  

    Sources say the automaker's supervisory board will name finance chief Hans Dieter Poetsch head of a 20-member controlling panel at the Wednesday meeting....More
  • Newswire

    VW Firing U.S. CEO, Audi, Porsche R&D Chiefs  

    A highly placed source says the automaker is dismissing U.S. chief executive Michael Horn and Ulrich Hackenberg and Wolfgang Hatz, respectively the R&D chiefs of Audi and Porsche, amid the scandal over rigged emissions-test results....More
  • Newswire

    Johnson Controls Cost Cuts to Include 3,000 Layoffs  

    The Tier 1 auto-parts supplier says it expects to save up to $250 million a year by cutting 2.5% of its total workforce over the next two years....More
  • Newswire

    Suzuki Buying Back VW's 19.9% Stake  

    The sale, worth up to $3.9 billion, follows an order by an international arbitration court that the German automaker sell its stake to its smaller Japanese rival....More
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