US auto industry

VW sees billions wiped off market value after rigging claims

BERLIN — Around 15 billion euros ($16.9 billion) was wiped off the market value of Volkswagen AG on Monday following revelations that the German carmaker rigged U.S. emissions tests for about 500,000 diesel cars. By midday trading…

Fiat strikes deal for full merger with Chrysler

ROME – Italian carmaker Fiat said on Wednesday it had agreed to buy up the remainder of Chrysler in an historic $3.65-billion (2.66-billion-euro) deal, paving the way for a full merger that will create a new global…

Chrysler, Ford, GM, Nissan post big October gains

DETROIT  — Chrysler, Ford, General Motors and Nissan all posted healthy October sales increases as the U.S. auto industry rebounded from a lackluster September. The gains signal that automakers made it through the 16-day partial government shutdown…