VW sees all its Russian assets frozen by court
VW is attempting to sell its Russian factory in Kaluga, south of Moscow.
Audi seeks to catch up in China in test of Germany's automotive grit
Audi CEO Markus Duesmann says the automaker’s transition to EVs in China is “a challenge” for the VW Group subsidiary. The shift to cleaner technologies presents more than one dilemma for Germany’s largest automakers.
Banking giant UBS acquiring Credit Suisse for $3.2 billion
Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.
Mercedes-Benz tunes up its 2024 entry-level GLA crossover
While there are no major sheet metal changes for the Mercedes GLA, the interior, exterior and equipment have all been revised, and a mild-hybrid powertrain is standard.
VW diesel settlement helping to cut Great Lakes emissions
The Mackinac Island Ferry Co. plans to use a $3 million grant from Michigan’s Volkswagen settlement fund to convert one of its boats from diesel to electric power.