Tag Archives: Volkswagen

The European Commission has fined Volkswagen Group and BMW $1 billion for colluding with Daimler to hold back the development of technology that could have reduced harmful emissions from their vehicles. In a statement on Thursday, the Commission said the three German carmakers, along with Volkswagen subsidiaries Audi and Porsche, …

German luxury carmaker Audi said Tuesday it planned to slash 9,500 jobs in Germany by 2025 as part of a massive overhaul to help finance a costly switch to electric vehicles. The job cuts will be achieved through an early retirement programme and natural turnover at its two German plants, …

Fiat Chrysler has proposed a merger with Renault that would create the third biggest carmaker in the world behind Volkswagen and Toyota. The tie-up is aimed at saving billions of dollars for both companies as the car industry moves towards electric and autonomous vehicles. In a statement on Monday, Italian-American …