During the first three months of 2024, Hyundai Motor Group (OTC: HYMTF) surpassed Volkswagen Group (OTC: VWAGY) in terms of operating profit, taking its second place, with Toyota Group (NYSE: TM) remaining on the global auto industry throne. Hyundai Surpassed Volkswagen, While Toyota Fefended Its Throne For the first quarter, the South Korean automaker reported operating profit of $5.09 billion, slightly above $4.94 billion that the German automaker reported, led by $7.15 reported by the Japanes
Volkswagen and a group representing car owners in Italy have reached an agreement worth more than 50 million euros ($54 million) to end a legal battle over the "dieselgate" emissions scandal, they said on Wednesday. In the settlement, over 60,000 car owners affected by the emissions fraud will be paid up to 1,100 euros each, Italian consumer group Altroconsumo said in a statement. Volkswagen's Italian arm confirmed the agreement.
(Bloomberg) -- Volkswagen AG is exploring the sale of as much as €1 billion ($1.1 billion) of stock in Traton SE, people familiar with the matter said, taking advantage of the truckmaker’s surging price to increase the number of shares available for trading. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeBiden Adds Tariffs on Chinese Chips, Critical Minerals, EVsTesla Rehires Some Supercharger Work