• Volkswagen unit Traton increases offer to buy Carl Icahn-backed Navistar

    Volkswagen unit Traton increases offer to buy Carl Icahn-backed Navistar

    Even as Volkswagen subsidiary Traton revs up its efforts to buy a trucking company linked to billionaire Carl Icahn, sources warn that its merger plans could still easily veer off course. In a press release Thursday, Traton said it increased its offer to buy Navistar — the company behind the International brand of trucks and …
  • Former Volkswagen CEO to face charges of organized commercial fraud

    Former Volkswagen CEO to face charges of organized commercial fraud

    Former Volkswagen Chief Executive Martin Winterkorn will face charges of conspiracy to commit organized commercial fraud with a high likelihood of conviction, a court probing the carmaker’s diesel emissions scandal said on Wednesday. A court in Braunschweig, Germany, near where Volkswagen is headquartered, expanded the list of charges beyond fraud to include organized commercial fraud, …
  • Volkswagen’s new electric car panned by German auto magazine

    Volkswagen’s new electric car panned by German auto magazine

    The newest electric car from Volkswagen has been critically panned by a German auto magazine, which said the vehicle fell short of the world’s largest automaker’s usual standards. In addition to sub-par fit and finish, with “Auto Motor und Sport” describing the inside of the hood as looking “like it was painted with a spray …
  • Volkswagen CEO Herbert Diess denies Tesla ties after he is seen with Elon Musk

    Volkswagen CEO Herbert Diess denies Tesla ties after he is seen with Elon Musk

    Volkswagen CEO Herbert Diess brushed aside speculation of a potential partnership with Tesla after he gave Elon Musk a test drive of the German carmaker’s new ID.3 electric car. “Just to be clear: We just drove the ID.3 and had a chat – there is no deal/cooperation in the making,” Diess wrote on LinkedIn. He …