Volkswagen said South Korean prosecutors have searched local VW and Audi offices as part of an emissions probe. The house of an unidentified senior company official was also raided.
Daimler says U.S. lawsuit over Mercedes diesel emissions is unfounded
Daimler said a U.S. class action lawsuit alleging that its clean diesel cars use a device that turns off pollution controls is unfounded.
Mazda may skip Paris auto show
Mazda may become the latest automaker to skip this year’s Paris auto show, joining Ford and Volvo, which have already said they will miss the event.
Renault's Alpine unit gets former Aston Martin, Tesla exec as new chief
Renault’s Alpine sports-car brand will be led by former Aston Martin and Tesla executive Michael van der Sande.
Valeo forecasts strong growth after 30% rise in 2015 profit
Valeo forecasts strong sales growth this year after the supplier posted a 30 percent rise in full-year net profit in 2015.
Lexus details LC 500's sporty hybrid drivetrain
Lexus is upgrading its hybrid drivetrain lineup with a new-generation system that adds a four-speed automatic transmission and semi-manual shifting for a sportier feel. The new technology will debut in the Lexus LC 500h hybrid sports coupe.
VW says EU diesel recall on track with 4,300 pickup trucks fixed
Volkswagen said its European diesel-car recall is on track, with the first 4,300 of some 2.4 million affected vehicles in Germany fixed in the past three weeks.
Prosecutor seeks prison terms for ex-Porsche executives on trial
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.
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.