Volkswagen has pleaded guilty to fraud, obstruction of justice and falsifying statements as part of a £3.5bn settlement reached with the US Justice Department over the diesel emissions scandal. VW general counsel Manfred Doess told a court in Detroit the company was, ‘guilty on all three counts’ and is the first time the company has [...]

innogy claims it is in ‘intense’ talks with carmakers in a bid to be selected as a supplier of super-fast charging stations for electric vehicles throughout Europe. Despite the ‘intense’ suggestion, innogy chief executive Peter Terium, said, ‘It’s not a done deal yet,’ and pointed to strong competition from rival suppliers. According to Reuters BMW, [...]

VW and Tata will form a partnership to help both companies increase car sales in India and emerging markets. Both VW and Tata Motors, which is India’s largest vehicle company and owns Jaguar Land Rover, are looking to grow volumes in developing markets and the memorandum of understanding is hoped will lead to Tata Motors [...]

The sixth annual MSO Symposium, co-located with NACE Automechanika in Chicago, takes place on 26 July at the Hyatt Regency McCormick Place. The agenda, aimed at providing insight to help you grow multisite operators (MSO) business, has been created by the Automotive Service Association’s Industry Advisory Board and includes sessions focusing on insurer and vehicle [...]

Shares in AkzoNobel have jumped by more than 14% this morning after it emerged that it had rejected a takeover bid from paint rival PPG. Meanwhile, PPG shares also rose after news of a potential merger broke. AkzoNobel rejected the €20.9bn offer, saying it undervalued the company and threatened jobs and research and development, but [...]