volkswagen

Volkswagen Agrees Deal with Unions to Cut 30,000 Jobs

* VW seeks 3.7 bln euros in annual savings by 2020 * Labour groups agree cuts in exchange for investments * VW to create 9,000 jobs in electric cars * Remaining German workers told no forced redundancies before 2025 (Adds analyst comments, detail and background) By Andreas Cremer and Jan Schwartz WOLFSBURG, Germany, Nov 18

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VW Says Emissions Scandal Bill Could Get Much Bigger

By Andreas Cremer and Edward Taylor WOLFSBURG, Germany, April 28  – Volkswagen’s emissions test cheating scandal could cost it much more than the $18 billion earmarked so far and it might have to sell assets to foot the bill, the German carmaker said on Thursday. Europe’s biggest motor manufacturer, battling to rebuild its reputation after

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Volkswagen Faces Billions in Fines for Environmental Violations

By Julia Edwards and Georgina Prodhan WASHINGTON/FRANKFURT, Jan 5 – The U.S. Justice Department has sued Volkswagen for up to $90 billion for allegedly violating environmental laws – five times regulators’ initial estimate and a reminder of the carmaker’s problems nearly four months after its emissions scandal broke. Although such U.S. lawsuits are typically settled

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