Latest Volkswagen AG News

Wide implications as Germany teeters toward recession

Aug. 19, 2019 3:21 PM EDT

BERLIN (AP) — Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday — a development that could have repercussions for the rest of the eurozone and...

Another round of Volkswagen settlement money on tap in Maine

Aug. 13, 2019 2:50 PM EDT

AUGUSTA, Maine (AP) — Maine's state government says it's going to distribute about $3 million stemming from Volkswagen's environmental settlement over a diesel emissions scandal. The Maine Department of Transportation said Tuesday that government agencies and private businesses still operating a vehicle...

US-China trade war leaves Europe as collateral damage

Aug. 12, 2019 8:25 AM EDT

FRANKFURT, Germany (AP) — Like a sleek Mercedes crunched between two freight trucks, Europe's economy is being knocked off course by the conflict between the U.S. and China over trade. The bill for damages from the U.S-China collision will likely be reflected in new growth figures due Wednesday that could...

State to use $7.5M from VW settlement on clean air projects

Aug. 2, 2019 3:03 PM EDT

HARTFORD, Conn. (AP) — Connecticut is making $7.5 million available to fund clean air projects. The Department of Energy and Environmental Protection announced Friday this money comes from the state's share of a national settlement in the Volkswagen emissions cheating scandal. It's the second round of...

Volkswagen increases profits, sales in shrinking markets

Jul. 25, 2019 4:19 AM EDT

FRANKFURT, Germany (AP) — Volkswagen said Thursday that its after-tax profit rose 24% in the second quarter as the company managed to increase its share in contracting markets, and as more-profitable vehicles such as SUVs and pricey Porsche luxury cars took a bigger role in the sales mix. Net profits rose...

Record Facebook fine won't end scrutiny of the company

Jul. 24, 2019 8:41 PM EDT

SAN FRANCISCO (AP) — Facebook survived its latest brush with U.S. privacy regulators, at the cost of a record $5 billion fine and other restrictions imposed by the Federal Trade Commission. But it's far from home free. While the company looks set to prosper in the wake of the FTC case, it faces a series of...

Court orders Danish VW importer to pay dissident artist

Jul. 17, 2019 9:22 AM EDT

COPENHAGEN, Denmark (AP) — The importer in Denmark of Volkswagen has been ordered by a suburban Copenhagen court to pay 1.5 million kroner ($226,000) to Chinese dissident artist Ai Weiwei for "unjustified use of artwork in an advertisement." The Glostrup City Court says Skandinavisk Motor Co. A/S used one...

Business Highlights

Jul. 12, 2019 5:01 PM EDT

___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...

VW, Ford team up to make autonomous, electric vehicles

Jul. 12, 2019 3:18 PM EDT

NEW YORK (AP) — Volkswagen will invest $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as the automakers who were once rivals deepen their partnership to develop driverless and electric vehicles in an ultra-competitive landscape. The two automakers will become equal...

The Latest: Experts like what they see in Ford, VW tie-up

Jul. 12, 2019 9:25 AM EDT

NEW YORK (AP) — The Latest on Ford's alliance with Volkswagen (all times local): 9:25 a.m. Auto industry watchers say Ford and Volkswagen have the right idea with their new partnership to develop autonomous and electronic vehicle technology. The companies on Friday announced Friday that Volkswagen will...