German state prosecutors are seeking prison terms for former Porsche CEO Wendelin Wiedeking and ex-finance chief Holger Haerter, who are accused of having manipulated Volkswagen shares during a failed takeover of VW in 2008.
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Daimler CEO Zetsche's pay rose 16% in 2015
Daimler CEO Dieter Zetsche’s pay jumped 16 percent to $10.75 million last year as the company reported a 36 percent rise in operating profit.
Volvo V90 is poised to take lead in key wagon segment
The arrival of the V90 is forecast to push Volvo past Audi to the top of Europe’s important large premium station wagon segment next year, analysts say.
Toyota recalls SUVs after seat belt fails in fatal crash
Toyota is recalling about 2.87 million SUVs worldwide after rear seat belts separated in one fatal accident in Canada and during a crash that injured a passenger in the U.S. The recall includes 625,000 RAV4 models in Europe.
Volvo sees record sales, higher earnings in 2016 after strong 2015
Volvo forecast record sales and higher profit this year, after strong demand for its cars in Europe and the U.S. tripled its operating profit to $776.6 million in 2015.
Fiat Chrysler will extend temporary layoffs at Maserati plant, union says
Fiat Chrysler will continue using temporary layoffs at its Grugliasco plant in Turin to adjust to lower demand for the Maserati Quattroporte and Ghibli models it builds there, a union said.
Small diesel cars vulnerable to post-VW scandal reforms
A tougher European testing regime following Volkswagen’s emissions test cheating scandal could mean new small diesel car models are modified or withdrawn, industry association ACEA said.
Tougher emissions tests in Europe could hit small diesel cars, auto lobby says
A tougher European testing regime following Volkswagen’s emissions cheating scandal could mean new small diesel car models are modified or withdrawn by automakers, the region’s auto lobby said.
Jaguar will unveil F-Type range topper
Jaguar will next month unveil a high-performance version of its F-Type two-seat model. The F-Type SVR will become the brand’s fastest and most powerful production road car.
Dutch foundation seeking VW damages says it has investor support
A Dutch foundation trying to recover damages for VW investors said it has won the support of dozens of shareholders.