Volkswagen is stopping the production of its Phaeton luxury sedan. Production began 15 years ago, but sales remained sluggish. Most Phaeton buyers were in China.
Auto industry executives gathering this week for the Paris Motor Show see plenty of reasons to worry: from global trade tensions to challenges posed by e-cars and stringent emissions targets. Janelle Dumalaon reports.
Volkswagen will exit the Iranian market, according to a US media report. It suggests the Trump administration convinced VW of the move as part of US efforts to undo the Iran nuclear deal. VW has not confirmed the report.
Public prosecutors have ordered the auto giant to pay for falsifying their vehicles' emissions test results. VW has said it "accepts responsibility" and will pay the fine without contesting it.
If you live in Germany, you might occasionally get the impression that the car industry in the country is embattled and under siege. Yet more German cars sell around the world than from any other country. Why?
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