Volkswagen plans to cut more than 10,000 jobs as it switches to green technology. That number could rise to 25,000 in the next decade as workers retire. Head of human resources Karlheinz Blessing told the Frankfurter Allgemeine Zeitung, ‘It’s not about dismantling a few hundred jobs. Over the years, it will amount to a five-digit [...]

Uber plans to deliver flying cars to commuters within a decade through a network of on-demand electric aircraft. It’s published a white paper outlining the objectives of a new project called Uber Elevate, which reveals plans for the development of  Vertical Take-Off and Landing (VTOL) aircraft  which it says could turn a two-hour drive into a [...]

Despite the fall-out from the emission scandal the Volkswagen Group has reported an operating profit before special items of €11.3bn in the first nine months of the year, representing an increase of 10.5%. The sales revenue of €159.9bn was on a level with 2015 figures, while profit after tax was €5.9bn. Chairman Matthias Müller said, [...]

New car registrations in the 29 European markets analysed by JATO Dynamics hit a 10-year high in September, with 1,495,815 units registered. That is an increase of 7.1% compared to the same month last year. For the year to date, registrations have reached 11.6 million units, an increase of 7.7% when compared to 2015. This [...]

Volkswagen will give US owners of cars affected by the emissions scandal more than $10bn after the largest ever civil settlement with an automaker accused of misconduct was approved. The German car manufacturer will spend a further $4.7bn on programmes to offset excess emissions and boost clean-vehicle projects. The $10.033bn buyback will begin next month, [...]