Volkswagen's (VLKAY) Sales Plunge 21.8% Y/Y in June
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 9:23AM CDT
Volkswagen AG (VLKAY) delivered 23,809 vehicles in Jun 2016, down 21.8% from 30,436 units delivered in the year-ago quarter.
F: 12.57 (+0.17), GM: 28.40 (+0.23), FCAU: 5.70 (+0.02)
ArcelorMittal (MT) Supplies Steel for Turkey's Longest Bridge
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 8:17AM CDT
ArcelorMittal Galati in Romania, a unit of ArcelorMittal (MT), has supplied 34,000 tons of steel for the construction of one of the longest bridges in the world.
NUE: 51.08 (+2.12), X: 17.95 (+0.31), MT: 4.69 (-0.03)
"Dirty diesel:" after Volkswagen offers a $15-billion settlement in the U.S., CAA-Quebec urges Canadian authorities to think about wronged owners
CNW Group - Mon Jul 04, 8:00AM CDT
Responding to the out-of-court settlement that Volkswagen is set to sign with federal authorities in the U.S. in the aftermath of the so-called dirty diesel scandal, CAA-Quebec believes it is time Canadian authorities took concrete actions on behalf of the approximately 100,000 consumers on this side of the border who are owners of the affected vehicles.
US auto sales hit record in first 6 months
By DEE-ANN DURBIN - AP - Fri Jul 01, 4:05PM CDT
DETROIT (AP) — U.S. auto sales may be slowing, but they still set a record in the first six months of this year.
F: 12.57 (+0.17), GM: 28.40 (+0.23), TM: 99.78 (+0.60), HMC: 24.48 (-0.37)
CarGurus Survey Uncovers Uncertainty and Communication Frustrations Among Volkswagen Diesel Owners
PR Newswire - Fri Jul 01, 8:09AM CDT
CarGurus, the fastest-growing car shopping website in the U.S., conducted a survey among Volkswagen TDI owners to gather their opinions around the recently announced "Dieselgate" scandal settlement. While the buyback is historic for the automotive industry, not all affected owners agree it went far enough.
Attorney: Volkswagen believes some vehicles can be fixed
AP - Thu Jun 30, 4:44PM CDT
SAN FRANCISCO (AP) — Volkswagen believes it can fix some of the diesel vehicles caught up in the carmaker's cheating emissions scandal without compromising their performance, an attorney for the company said Thursday.
VW's main shareholder records loss over emissions scandal
AP - Wed Jun 29, 5:03AM CDT
BERLIN (AP) — Volkswagen's main shareholder, Porsche SE, says it made a loss after tax of 273 million euros ($302.3 million) last year due to the emissions cheating scandal affecting VW's diesel cars.
Volkswagen settles emissions cheating for $15.3 billion
By MICHAEL BIESECKER, TOM KRISHER and DEE-ANN DURBIN - AP - Tue Jun 28, 9:52PM CDT
WASHINGTON (AP) — Volkswagen is taking a major step toward compensating owners and government regulators for its emissions cheating scandal. But it will take much longer to repair the damage to its reputation.
New York to get more than $115 million under VW settlement
AP - Tue Jun 28, 3:53PM CDT
ALBANY, N.Y. (AP) — New York will get more than $115 million for environmental projects to improve air quality as part of the state's share of a multistate settlement with Volkswagen over emissions test cheating.
What Volkswagen owners can expect from emissions settlement
By TOM KRISHER and DEE-ANN DURBIN - AP - Tue Jun 28, 3:14PM CDT
DETROIT (AP) — Volkswagen owners can finally dump their cheatin' cars, if they want to.
Key numbers in the Volkswagen emissions-cheating scandal
By The Associated Press - AP - Tue Jun 28, 2:06PM CDT
Some key numbers related to Volkswagen's admission that it programmed diesel cars to cheat on emissions tests:
Volkswagen (VLKAY) to Pay $14.7 Billion in Emissions Scandal Settlement
Madeleine Johnson - Zacks Investment Research - Tue Jun 28, 11:51AM CDT
On Tuesday, one of Europe's biggest car manufacturers Volkswagen AG (VLKAY) has agreed to pay up to $14.7 billion to settle diesel emissions claims in the United Sates.
Key dates in Volkswagen's diesel emissions scandal
By The Associated Press - AP - Tue Jun 28, 11:07AM CDT
Here is a timeline of the emissions scandal that has dogged automaker Volkswagen.
The Latest: Volkswagen settles emissions claims with states
AP - Tue Jun 28, 10:59AM CDT
SAN FRANCISCO (AP) — The Latest on the settlement of environmental and consumer claims against Volkswagen over its emissions-cheating scandal (all times local):
Volkswagen to Pay $15B for Emissions Scandal Settlement
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 10:27AM CDT
Volkswagen AG (VLKAY) has reached a settlement with around 500,000 U.S. diesel vehicle owners and government regulators over the emissions scandal.
CVGI: 4.53 (-0.47), SUP: 27.22 (+0.13), OSK: 46.06 (-0.33)
Volkswagen to Spend up to $14.7 Billion to Settle Allegations of Cheating Emissions Tests and Deceiving Customers on 2.0 Liter Diesel Vehicles
PR Newswire - Tue Jun 28, 9:48AM CDT
In two related settlements, one with the United States and the State of California, and one with the U.S. Federal Trade Commission (FTC), German automaker Volkswagen AG and related entities have agreed to spend up to $14.7 billion to settle allegations of cheating emissions tests and deceiving customers. Volkswagen will offer consumers a buyback and lease termination for nearly 500,000 model year 2009-2015 2.0 liter diesel vehicles sold or leased in the U.S., and spend up to $10.03 billion to compensate consumers under the program. In addition, the companies will spend $4.7 billion to mitigate the pollution from these cars and invest in green vehicle technology.
AP Source: Volkswagen reaches $14.7B emissions settlement
By TOM KRISHER and SUDHIN THANAWALA - AP - Mon Jun 27, 8:27PM CDT
SAN FRANCISCO (AP) — Volkswagen would repair or buy back polluting diesel vehicles and pay each owner as much as $10,000 under a $14.7 billion deal the car maker has reached to settle lawsuits stemming from its emissions cheating scandal, a person briefed on the settlement talks said Monday.
Ten Automakers to Headline the Conversation at the CAR Management Briefing Seminars, August 1-4
PR Newswire - Mon Jun 27, 7:30AM CDT
The Center for Automotive Research announces 18 executives from 10 OEMs including General Motors, Toyota and Volkswagen to join supplier executives and policymakers to discuss critical issues including impacts of new mobility and autonomy, fuel economy policy, implications for the midterm review and more at CAR MBS 2016.
GM: 28.40 (+0.23)
The Zacks Analyst Blog Highlights: Volkswagen AG
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 8:30AM CDT
The Zacks Analyst Blog Highlights: Volkswagen AG
Hitachi Automotive Systems' High Pressure Fuel Pump, Compatible with the Fuel Situation in Brazil, is Being Used by Volkswagen
JCN Newswire - Thu Jun 23, 11:05PM CDT
Hitachi Automotive Systems, Ltd. today announced that the company's high pressure fuel pumps compatible with the fuel situation in the Federative Republic of Brazil (hereinafter Brazil) are being used by Volkswagen (hereinafter VW).