New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action.
PARIS A 1957 Ferrari 335 Sport Scaglietti was sold for a record 32 million euros (24.5 million pounds) at an auction in Paris on Friday.
LONDON/PARIS Design houses Burberry and Tom Ford on Friday announced new strategies that will allow them to close the gap between the runway and retail in order to get clothing and accessories more quickly to customers in different climates around the world.
BERLIN Volkswagen has postponed publication of its financial results for 2015 and delayed its annual shareholders' meeting as the German carmaker struggles to put an exact price on its diesel emissions scandal.
FRANKFURT Daimler Chief Executive Dieter Zetsche insisted on Friday the German carmaker would not sacrifice margins in its quest to overtake arch rival BMW and become the best-selling luxury car brand.
INGOLSTADT, Germany Audi's labour boss said he will "hold management responsible" for adopting a new leadership culture, raising pressure on the luxury carmaker to implement change as it grapples with its emissions scandal.
WASHINGTON/DETROIT Continental Automotive Systems said on Thursday it supplied potentially defective air bag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other manufacturers built over a five-year period worldwide, widening an air bag safety crisis.Continental Automotive, a unit of Germany-based Continental AG, told the U.S. National Highway Traffic Safety Administration that electronic systems built from 2006 through 2010 and used in 5 m
PARIS French carmaker PSA Peugeot Citroen plans to cut the night shift and 850 jobs at its Poissy factory in Yvelines near Paris to adapt to lower output levels, according to three trade union sources.
WASHINGTON Volkswagen AG has replaced the head of its U.S. legal department with an outside lawyer as it seeks approval to fix nearly 600,000 vehicles that had software allowing them to cheat on emission levels, the company said Thursday.
STUTTGART Daimler AG expects slower sales growth for its Mercedes-Benz cars in China this year after a surge in demand in 2015 that helped the automaker post record sales and earnings.