VW sees steady profits in 2018 results

German car giant Volkswagen on Friday reported steady operating profit and rising revenues in 2018, but said its "dieselgate" emissions cheating scandal again inflicted one-off costs of 3.2 billion euros ($3.6 billion).

Hungary Audi workers in rare strike over wages

Workers at the German car giant Audi's plant in Hungary called a one-week strike Wednesday over a wage dispute, a rare case of industrial unrest in an economy that relies on the automotive sector.

Volkswagen sets sales record in 2018 despite headwinds

German car giant Volkswagen said Friday it sold a record number of vehicles in 2018 even as it felt the sting from US-China trade tensions and problems with European emissions tests in the final months of the year.

More belt-tightening at VW to fund electric new start

German car giant Volkswagen said Thursday it is looking for three billion euros ($3.8 billion) in new savings to help fund its pivot towards electric vehicles, adding that it could not rule out job cuts.

German court orders diesel bans in Cologne, Bonn

A German court Thursday ordered Cologne and Bonn to join a slew of cities in banning older diesels from its roads to combat air pollution, as the government struggled to reach a deal with carmakers on cleaning up the cars.

Audi to pay mega fine in VW's latest dieselgate fallout

Auto giant Volkswagen cleared a new hurdle in its "dieselgate" scandal Tuesday, paying a hefty fine to close a German investigation into subsidiary Audi, but the group is not yet in the clear over its years of emissions cheating.

Tough CO2 targets 'could cost 100,000 jobs': VW chief

Setting European Union targets for reducing cars' greenhouse gas output that are too ambitious could backfire with the loss of 100,000 jobs, Volkswagen chief executive Herbert Diess said Thursday.

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