Germany fines BMW, Daimler, VW over steel cartel
22 November 2019 | 2:43 pm
German carmakers Daimler, BMW and Volkswagen have been ordered to pay €100 million for forming a cartel to fix steel prices. Germany's competition watchdog has zeroed in the steel industry in recent years.
22 Apr 2019
A VW manager, charged recently alongside former CEO Martin Winterkorn, is now being investigated over nearly $1 million in bonuses. The huge cash pile was paid after the Dieselgate emissions scandal came to light.
4 May 2019
Frank Witter, chief financial officer at Volkswagen, discusses the importance of China to his business, how a U.S.-China trade agreement would impact the company, enlarging their footprint in the U.S., expansion in China, the drop in sales in Audi and Porsche, the potential for job cuts, an IPO for the trucks division and unlocking value in their sports car division.
7 May 2019
BMW AG’s automotive division swung to a loss for the first time in a decade as car prices slumped and a legal provision over alleged collusion ballooned to 1.4 billion euros ($1.6 billion).
23 May 2019
BMW AG Chief Executive Officer Harald Krueger faces a management board decision on his contract in June or July amid concern about the company’s shift toward electric and autonomous vehicles.
23 Jun 2019
Factory workers at a Volkswagen plant in Tennessee have voted against unionizing. The vote dealt a blow to UAW efforts to gain a foothold among foreign auto facilities in the southern part of the United States.
15 Jul 2019
Herbert Diess, Volkswagen AG chief executive officer, and Jim Hackett, Ford Motor Co. chief executive officer, discuss the automakers' agreement to extend their partnership in electric and self-driving car technology. They speak with Bloomberg's David Westin on "Bloomberg Markets."
3 Aug 2019
German carmaker BMW had appealed against a European Commission decision to limit state aid for developing electric and hybrid cars at its Leipzig plant. The Commission reduced the amount of the grant to less than half.
25 Aug 2019
The iconic car rolled off the assembly line in July 2019 after more than two decades since its relaunch. There are only 65 'Final Edition' Beetles available, and they can only be bought in Mexico.
2 Sep 2019
The German multinational company are due to be pay $96.5 million (€87.6 million) for the error. VW admitted in 2015 that up to 11 million cars had been fitted with software designed to deceive emissions testers.
11 Sep 2019
BMW CFO Nicolas Peter discusses global trade tensions and his company's plans for a possible hard Brexit with Bloomberg's Caroline Connan at the Frankfurt Auto Show.
11 Sep 2019
BMW: No-deal Brexit would mean price rises
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