Latest Volkswagen AG News

Nissan and Honda to attempt a merger that would create the world's No. 3 automaker

Dec. 23, 2024 08:01 AM EST

TOKYO (AP) — Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed...

What a merger between Nissan and Honda means for the automakers and the industry

Dec. 23, 2024 06:55 AM EST

BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of...

VW wage deal for 120,000 German workers avoids layoffs, plant closures

Dec. 20, 2024 14:39 PM EST

FRANKFURT, Germany (AP) — Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030. The agreement includes provisions for VW to shed more than 35,000 jobs through early...

EPA grants California authority to ban sales of new gas cars by 2035. Action faces reversal by Trump

Dec. 18, 2024 14:40 PM EST

WASHINGTON (AP) — The Environmental Protection Agency on Wednesday granted two requests from California to enforce strict standards for vehicle emissions, including a rule aimed at banning sales of new gasoline-powered cars in the state by 2035. The incoming Trump administration is likely to try...

What a merger between Nissan and Honda could mean for the automakers and the industry

Dec. 18, 2024 11:30 AM EST

BANGKOK (AP) — Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share price soared nearly 24% in Tokyo after reports citing unnamed sources said...

ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies

Dec. 12, 2024 11:22 AM EST

FRANKFURT, Germany (AP) — The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs after Donald Trump takes office as president. The...

Edmunds: The best midsize SUVs for families in 2025

Dec. 11, 2024 08:00 AM EST

Along with smartphones and streaming subscriptions, the three-row SUV is now a staple of American family life. And since nearly every automaker sells one, choosing the right one can feel overwhelming. Some buyers will want the best fuel economy, while others may value tech and safety features. But...

GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

Dec. 10, 2024 18:04 PM EST

DETROIT (AP) — General Motors said Tuesday it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like...

China's CATL forms joint venture with Stellantis to build electric vehicle battery factory in Spain

Dec. 10, 2024 08:38 AM EST

BARCELONA, Spain (AP) — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Tuesday. They said the plant will be located in Zaragoza and start producing lithium iron phosphate batteries by the...

Volkswagen workers hold 2-hour strikes to push back against proposed pay cuts and plant closures

Dec. 02, 2024 06:54 AM EST

FRANKFURT, Germany (AP) — Volkswagen workers launched rolling two-hour strikes Monday at nine plants across Germany to underscore their resistance to pay cuts and factory closures the company says are necessary to cope with a slack European auto market. The work stoppages included...