FRANKFURT Volkswagen said on Friday it regretted the Washington Department of Ecology's decision to fine it $176 million (£133.5 million) over its emissions scandal, saying the move ran counter to efforts to resolve U.S. consumer claims collectively.
BERLIN Volkswagen's luxury division Audi will miss its benchmark for profitability this year as costs for the diesel emissions scandal and possible recalls of cars fitted with Takata Corp airbags are weighing on results.
FRANKFURT Daimler AG will invest 1 billion euros (841.19 million pounds)in a second plant in Kecskemét, Hungary, in the coming years, which will make front and rear-wheel drive cars, the company said on Friday.
TOKYO Japanese automaker Mazda Motor Corp reported a 1.7 percent fall in operating profit during the first quarter, hurt by a sharply stronger yen, although it managed to log slight growth in global sales.
DETROIT Ford Motor Co on Thursday declared the U.S. auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. | Video
LONDON Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, big extra costs for Ford, and consumer confidence plunging.
TOKYO/BERLIN Toyota Motor Corp reported a drop in first-half vehicle sales on Thursday following a series of production stoppages, falling behind Volkswagen which became the world's top-selling carmaker in the first six months of 2016 despite its emissions scandal.
FRANKFURT Mercedes-Benz has defended an advertising campaign for its new E-Class against allegations that consumers were being misled about the car's self-driving capabilities, the latest backlash by consumer groups in the wake of a fatal Tesla accident.
BERLIN Volkswagen reported a 12 percent drop in quarterly profit at its main passenger car division on Thursday, a big improvement on the quarter before but showing the challenges it still faces to overcome its emissions scandal.
BERLIN Volkswagen this year expects to increase group vehicle sales slightly beyond the 9.93 million cars it delivered in 2015, sales chief Fred Kappler said.