Volkswagen

EU Fines BMW, Volkswagen $1B Over Delaying Clean Emissions Technology
Risk & Compliance

EU Fines BMW, Volkswagen $1B Over Delaying Clean Emissions Technology

The carmakers were accused of breaching EU antitrust rules between 2006 to 2014.
By Lauren Muskett | July 8, 2021
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CFOs On the Move: Week Ending February 21
People

CFOs On the Move: Week Ending February 21

Vox, Volkswagen, Nike, Groupon, DuPont, House of Saka, Yelp, Mondi, Russel Metals, Endo International, TriNet
By Lauren Muskett | February 21, 2020
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Tesla Delivers First ‘Made in China’ Vehicles
Strategy

Tesla Delivers First ‘Made in China’ Vehicles

With the deliveries from the Shanghai plant, "China-made Model 3 vehicles will start running on China’s large streets and small lanes."
By Matthew Heller | December 30, 2019
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Volkswagen Aims to Raise $2.1B From Truck Unit IPO
IPOs

Volkswagen Aims to Raise $2.1B From Truck Unit IPO

The carmaker plans to invest proceeds into transforming auto production as it readies to launch electric vehicles.
By Lauren Muskett | June 14, 2019
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Volkswagen Wins Labor Support for Restructuring
Strategy

Volkswagen Wins Labor Support for Restructuring

Workers backed the restructuring after the automaker presented its new $1.1 billion battery plan.
By Lauren Muskett | May 14, 2019
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VW Charges up Spending on Electric Vehicles
Technology

VW Charges up Spending on Electric Vehicles

The world’s largest automaker announces a $40 billion spending plan that will accelerate its shift away from combustion-engine vehicles.
By Matthew Heller | November 20, 2017
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VW Adds $2.95B to ‘Dieselgate’ Scandal Costs
Financial Performance

VW Adds $2.95B to ‘Dieselgate’ Scandal Costs

The automaker's latest writedown brings the total bill from its diesel emissions cheating scandal to more than $30 billion.
By Matthew Heller | September 29, 2017
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The CFO as ‘Chief Commercial Officer’
Credit

The CFO as ‘Chief Commercial Officer’

AutoGravity’s finance chief analyzes huge amounts of customer data to set strategy.
By David Katz | July 10, 2017
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VW Buys Canadian Mobile Payments Company
Technology

VW Buys Canadian Mobile Payments Company

The acquisition of PayByPhone gives the automaker "a charter to focus on general mobility services.”
By Matthew Heller | December 28, 2016
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VW Extends $21 Billion Credit Line to June
Legal

VW Extends $21 Billion Credit Line to June

The carmaker is still hoping to return to the bond market as it continues to deal with the fallout from its emissions scandal.
By Matthew Heller | November 28, 2016
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Judge OKs $14.7B Settlement in VW Scandal
Risk & Compliance

Judge OKs $14.7B Settlement in VW Scandal

VW calls the approval of the deal with 475,000 vehicle owners "an important milestone in our journey to making things right in the United States."
By Matthew Heller | October 25, 2016
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VW Posts $6B Loss on Emissions Scandal Costs
Risk & Compliance

VW Posts $6B Loss on Emissions Scandal Costs

The loss reflects VW's writedown of $18.2 billion for costs related to the scandal and analysts predict the final number could reach $32 billion.
By Katie Kuehner-Hebert | April 22, 2016
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Moody’s Questions VW’s Response to Scandal
Risk Management

Moody’s Questions VW’s Response to Scandal

"The emission crisis might cause lasting damage to VW’s once-solid reputation with adverse effects on its future earnings and cash flows," says Moody's.
By Matthew Heller | October 27, 2015
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EPA Accuses VW of Cheating on Smog Tests
Technology

EPA Accuses VW of Cheating on Smog Tests

The agency says software installed in nearly half a million diesel cars enabled them to pass emission standards.
By Katie Kuehner-Hebert | September 21, 2015
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