• 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
  • 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
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