Volkswagen VOW3-0.46%decrease; down pointing triangle agreed to sell a majority stake in its heavy-engine division, a step in its campaign to reorder an unwieldy automotive empire that is coming under ...

Volkswagen Group has agreed to sell Everllence – its heavy duty diesel engine unit – to private capital firm Bain Capital. Several private equity firms were also in the running (including Blackstone), ...

Tom started his career as a daily newspaper reporter in metro Detroit and after a decade changed course to cover cars, spending the next 25 years at Wards Automotive doing test drives, technology and ...

Volkswagen is planning to offer Apple Wallet car keys in future vehicles, according to new server-side Apple code. The code does not provide any more details, so we do not know which VW vehicle models ...

Volkswagen plans to slash up to 100,000 jobs and halt production at four German plants in a sweeping cost-cutting drive that could rank among the largest corporate layoffs in history. The cuts, which ...

Volkswagen is offloading its diesel engine unit, Everllence, to Bain Capital for approximately €7.4 billion. This significant carve-out aims to bolster Everllence's growth in sectors like data centers ...

Volkswagen CEO Oliver Blume is reportedly preparing the most dramatic overhaul in the automaker’s history, with plans that could eliminate up to 100,000 jobs worldwide and eventually close four ...

Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years. It represents the most radical overhaul in the firm's 89-year history.

Volkswagen has agreed to sell its diesel engine unit Everllence to Bain Capital in a deal generating proceeds of about €7.4bn (R139.30bn), beating out other private equity firms, including one that ...

Volkswagen AG is looking to cut tens of thousands of additional jobs and may shutter factories in a push by Chief Executive Officer Oliver Blume to make Europe’s biggest automaker more competitive, ...

Volkswagen is selling a 51% stake in engine subsidiary Everllence to Bain Capital, seeking to streamline its investment portfolio. The German automaker will retain a 49% stake in Everllence and stay ...