Volkswagen

A highly modified Beetle LSR reached 205mph.

Audi will boost spending on digital technologies and electric cars over the next decade, sources at the German carmaker said.

The settlement stems from VW's admission in September that it intentionally misled regulators by installing secret software that allowed U.S. vehicles to emit up to 40 times legally allowable pollution.

As part of the settlements, Volkswagen will to help boost zero emissions vehicles and introduce a program to offset excess diesel pollution from the offending vehicles.

Europe's largest automaker will this month unveil a new business strategy aimed at improving accountability and speeding up model development, with greater investments in electric cars, new technologies and mobility services among the key elements, company sources have said.

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That would include versions of the Jetta sedan, the Golf compact and the Audi A3 sold since 2009.

Handled correctly, a scandal represents an opportunity to win trust, show goodwill and reassure consumers.

Here are four ways to build a culture which, unlike VW during its scandal days, accepts failure as a growth opportunity.

The allegations in the lawsuit carry penalties that could cost Volkswagen billions of dollars, a senior Justice Department official said.

The embattled car maker admitted to installing 'defeat devices' in 11 million vehicles worldwide.

A nice apology letter from VW gives some clues just how badly they screwed up.

Sources say people responsible for rigging the U.S. emissions tests will be fired starting Friday.

The embattled chief executive has announced he will resign following the scandal surrounding the emissions of its diesel cars.

The automaker has lost more than a third of its market value in just two days amid the emissions scandal fallout.

The car company could face up to $18 billion in penalties.