Volkswagen cranks up electric car investment

German auto giant Volkswagen said on Thursday that it would bulk up its investment in electric vehicles and digitalisation to 89 billion euros ($101 billion) over the next five years.


Volkswagen CEO seeks to cool dispute over plant jobs

Volkswagen's CEO has firmly rejected claims of planned job cuts at its flagship plant, with the auto giant instead unveiling plans for a new electric car factory to rival Tesla.


Embattled Facebook releases new curbs on harassment

Facebook unveiled fresh protections Wednesday against online attacks on journalists, activists and celebrities as the social media giant battles a crisis over its platforms' potential harms.


Former boss to pay Volkswagen record sum over Dieselgate

Former Volkswagen chief executive Martin Winterkorn will pay the auto giant a record mulimillion sum to settle a negligence claim surrounding the "Dieselgate" emissions scandal, informed sources said Sunday.


VW seeks damages from ex-CEOs over dieselgate scandal

German auto giant Volkswagen said Friday it would seek unspecified damages from two former CEOs over the "dieselgate" emissions cheating scandal that has cost it tens of billions of euros.


Volkswagen buries hatchet in boardroom battle

Car giant Volkswagen's supervisory board on Monday announced a deal to end infighting over top jobs and strategy that risked toppling chief executive Herbert Diess, saying the boss's strategy had their "full support".


CEO of scandal-hit Wirecard resigns

The founder and chief executive of scandal-hit Wirecard resigned on Friday after the German payments provider was hit with fresh fraud allegations that have left it struggling for survival.


Germany's Lufthansa inches closer to state bailout

Coronavirus-hit Lufthansa inched closer to securing a nine-billion-euro bailout from the German government after the airline's supervisory board approved the rescue plan on Monday.

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