|Bid||693.00 x 0|
|Ask||703.00 x 0|
|Day's Range||693.00 - 693.00|
|52 Week Range||601.00 - 715.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BERLIN (Reuters) - Volkswagen's Porsche brand is seeking 200 million euros ($234 million) in damages from its luxury stablemate Audi over costs related to manipulated diesel engines, Bild newspaper reported ...
Audi (NSUG.DE) said it had resolved a legal dispute with a former engineer who sued the carmaker for wrongful dismissal and re-employment after he was fired amid investigations into the diesel emissions scandal. At a German labour court hearing in February, Audi lawyers claimed that Ulrich Weiss, former head of diesel engine development at the carmaker, knew about the emissions manipulations but had failed to inform his superiors. On Saturday, a spokesman for Audi said the working relationship with Weiss "has been terminated by mutual consent".
SEOUL, South Korea (AP) — Samsung Electronics Co. said Thursday it will invest 75 million euro ($89 million) in TTTech, a Vienna, Austria-based company that makes autonomous driving technologies and safety controls for Audi cars and others, stepping up its push into autonomous driving technology.
Volkswagen’s luxury car brand, Audi, said it would reshuffle more than half its management board as the group continues to grapple with a diesel emissions scandal.
Volkswagen AG executive Oliver Schmidt pleaded guilty on Friday in U.S. District Court in Detroit in connection with a massive diesel emissions scandal that has cost the German automaker as much as $25 billion. Under a plea agreement, Schmidt will face up to seven years in prison and a fine of between $40,000 and $400,000 after admitting to conspiring to mislead U.S regulators and violating clean air laws. Schmidt will be sentenced on Dec. 6.
Germany ordered Porsche to recall and stop selling 22,000 diesel vehicles that the government says have illegal defeat devices.
German luxury carmaker Audi AG (NSUG.DE) has come under fire from consumers in China for an advert that compared buying a second-hand car to checking out a bride-to-be. Audi, which is attempting to revive its sales in the world's biggest car market, said on Wednesday it deeply regretted the advert and that it had been withdrawn. Thousands of Chinese consumers went online to mock the advert, saying it was sexist and demeaning to women.
A former Audi AG manager was charged with fraud by the U.S. for his alleged role in helping Volkswagen AG cheat U.S. emissions standards.
Carmaker Volkswagen is looking at rehiring the chief executive of General Motors' Opel, possibly to lead its Audi brand, a source familiar with the matter told Reuters on Sunday, following a media report the executive will quit Opel. Opel boss Karl-Thomas Neumann plans to resign as General Motors (GM) prepares to sell the business to France's PSA Group , German newspaper Frankfurter Allgemeine Sonntagszeitung (FAS) reported over the weekend.
Audi (NSUG.DE), a unit of Volkswagen (VOWG_p.DE), said on Saturday it had struck a deal with its dealers in China, effectively resolving a dispute that could have disrupted the luxury carmaker's business in the world's biggest auto market. The dispute stemmed from Audi's partnership with SAIC Motor Corp , China's largest automaker, for a long-term collaboration that could include the production and distribution of Audi models in the future. The tie-up riled Audi store operators in China, who currently sell Audi cars imported from Germany as well as Chinese-made vehicles as part of Audi's existing joint venture with China's FAW Corp [SASACJ.UL].
Audi and its dealers in China have reached an agreement on how cars produced with SAIC Motor Corp. will be sold in the country.
China's premium car market will grow by half over the next decade, the chief executive of high-end automaker Audi AG (NSUG.DE) said on Wednesday, citing growing personal wealth and the emergence of flourishing private enterprises as key drivers. Audi's CEO Rupert Stadler said the market would grow to around three million cars per year in a decade's time, driven by broader growth in the world's second-largest economy, rising wealth and the "entrepreneurial development" of private firms. Audi, the luxury division of Volkswagen AG (VOWG_p.DE), was an early entrant to China and remains the best-selling premium car brand in the market, although it is rapidly losing ground to newer models from Daimler AG's (DAIGn.DE) Mercedes-Benz.
BERLIN/FRANKFURT (Reuters) - Audi will sell more electric car models in China and develop automated driving there, it said on Tuesday, deepening ties with local partner FAW Group Corp [SASACJ.UL] to counter challengers Mercedes-Benz (DAIGn.DE) and BMW (BMWG.DE) in its top market. Volkswagen's (VOWG_p.DE) luxury division and other carmakers are under pressure to sell greener cars in China as the world's biggest auto market tightens emissions rules and discourages the use of fossil-fueled cars in major cities to fight pollution. Audi and FAW have agreed to produce five more electric cars in China over the next five years, the German company said.
The Audi Q8 Concept is a preview of an upcoming new (and big) crossover SUV from the German brand. It also previews Audi's answer to the diesel mess.