What has the 'dieselgate' scandal cost Volkswagen?

Volkswagen has agreed to pay out millions over a class-action suit brought by about 100,000 Australian consumers. The company has paid billions to US and Canadian consumers and faces a second Australian lawsuit.

The man who built Volkswagen into the world’s largest carmaker has died at age 82. Ferdinand Piech became CEO of struggling VW in the 1990s and he successfully returned the automaker to profit and laid the groundwork for its dominance in the sector with his acquisition of Porche. Bloomberg’s Chris Bryant discusses his legacy on “Bloomberg Markets: European Open.” Bryant is a Bloomberg Opinion columnist. The opinions expressed are his own.

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.

Adverts by cream cheese maker Philadelphia and car giant Volkswagen will no longer appear on UK television, the agency ruled. But both companies have insisted their adverts did not involve sexist tropes.

Argo AI, Ford’s partner in developing its self-driving system (SDS), launches test drives of its third generation of development prototypes in Detroit. Volkswagen and Ford have announced a $7 billion collaboration on electric and self-driving vehicles. Two test specialists sit in the car as it drives on Detroit's streets.

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.

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.

MW joins Volkswagen in predicting China sales growth for the year. Nicolas Peter, chief financial officer at BMW, told Bloomberg's Tom Mackenzie exclusively that the carmaker expects 5-10% growth for its China sales this year.

We may be witnessing the end of the internal combustion engine. As more and more consumers and investors make the shift to electric vehicles, will Germany’s auto makers be able to adapt in time? BMW and Volkswagen are among those actively looking to expand their offering of electric vehicles.

Despite high profits in 2018, Volkswagen has announced heavy job cuts. The company has said it would reinvest the money into developing electric vehicles.

Herbert Diess, chief executive officer at Volkswagen, discusses the potential impact of auto tariffs, joining forces on vans with Ford Motor Co., and expectations for industry consolidation.