Volkswagen ; ); shortened to VW, is a German automaker founded on 28 May 1937 by the German Labour Front, and headquartered in Wolfsburg. It is the flagship marque of the Volkswagen Group, the largest automaker by worldwide sales in 2016 and 2017. The group's main market is in China, which delivers 40% of its sales and profits.
Germany's carmakers have been accused by the European Union of collusion in holding back technology to reduce harmful emissions from vehicles. The European Commission said Volkswagen, BMW and Daimler..
The U.S. SEC is suing Volkswagen over the emissions cheating scandal, saying the German automaker should have been more open with investors about the scale of the scandal. Julian Satterthwaite reports.
European auto stocks fell after German bearings maker warned of an "extremely challenging" business environment for the car sector in 2019 and said it would restructure. As David Pollard reports, the..