automotive

Without regulatory approval, the German car giant could be forced to buy back all of the cars, costing it about $4bn. And the deal, another in its long-running emissions scandal, still needs approval from the courts. Car components…

Volkswagen has become the world’s biggest car manufacturer, overtaking Toyota in the number of new vehicles sold in 2016 despite the damage it suffered in the diesel emissions scandal. Toyota had been the biggest seller for the past four…

Kaban, 44, has been a key player in Volkswagen Group's design department. He first made a name for himself in his 20s when he designed the Bugatti Veyron, a 1 million-euro plus supercar created under VW Group's then-CEO, Ferdinand Piech. At…