More in Europe

  • Newswire

    Sources Say VW Suspends Head of Main Transmission Plant  

    Sources say VW has suspended Falko Rudolph, the head of its main transmissions plant in Kassel, Germany, who oversaw diesel-engine development between 2006 and 2010 while heading the automaker's main engines plant in Salzgitter....More
  • Newswire

    Volvo Sees EVs in 10% of Sales Mix by 2020  

    Electrified cars currently account for no more than 2% of the Swedish automaker's sales, but it expects that share to grow fivefold after it introduces an all-electric car in 2019....More
  • Newswire

    Germany Orders Mandatory Recall of VW Diesels  

    German regulators say the automaker starting in 2016 must recall 2.4 million cars equipped with software intended to indicate false levels of toxic emissions....More
  • Newswire

    UPDATE 4-VW veteran lined up to be North America boss quits  

    * Winfried Vahland, designated North America boss, quits * Leaves over differences of opinion over North America * Newspaper says at least 30 managers involved in cheating (Adds that the U.S. Federal Trade Commission has joined other regulators investigation VW) By Jan Schwartz and Andreas Cremer...More
  • Newswire

    Report Says at Least 30 VW Engineers Linked to Scandal  

    A German magazine says internal and external investigations have linked at least 30 managers to rigging emissions tests in the U.S., and they will be suspended....More
  • Newswire

    UPDATE 3-VW looks to cutbacks and electric cars to overcome scandal  

    * To cut investment plans by 1 bln euros a year at VW brand * To speed up cost cutting at VW brand division * To focus more on electric, hybrid vehicles (Adds detail on electrical vehicles strategy, background) By Andreas Cremer and Jan Schwartz...More
  • Newswire

    UPDATE 2-Ferrari needs more than racy market debut to stay ahead  

    * Ferrari's enterprise value seen at up to $12 bln * Wall Street debut in late October, spin-off due 2016 * Brand strength helps valuation but growth concerns remain (Adds details, analyst, rewrites throughout) By Agnieszka Flak MILAN, Oct 12 (Reuters) - Ferrari is being launched as a luxury stock for its Wall Street debut but may struggle to justify such a valuation in the long run given its profit margins and the investment needed to put its prancing horse logo on other products....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
  • Newswire

    Automakers: Tough New EU Emissions Tests Threaten Diesel  

    The ACEA trade group warns tough new emissions-testing regimes adopted "without realistic timeframes and conditions" in response to the Volkswagen cheating scandal could make some diesel vehicles unaffordable....More
  • Newswire

    Volkswagen Pledges €4.2 Billion Investment in Spain  

    The German automaker, rocked by a scandal over falsified emissions tests, will invest billions of euros over five years at its VW-and SEAT-brand factories in Navarra and Martorell, respectively....More
  • Newswire

    VW Says Still Unclear If Software Manipulates Emissions in Europe  

    Germany's Sueddeutsche Zeitung reported earlier on Thursday that the software used to rig emissions tests in the U.S. was also switched on in diesel cars in Europe, citing a company spokesman....More
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