German automaker Volkswagen, tainted by an emissions scandal expected to cost it billions, said it had postponed a planned investment in China.
EU regulators have given Volkswagen 10 days to clarify its own admission that nearly a million of the company's cars emit more CO2 pollution than originally claimed.
Fitch ratings agency on Monday cut Volkswagen's credit rating by two notches, saying that a widening pollution cheating scandal has exposed weak corporate governance at the German auto giant.
Volkswagen sales in the US market appeared to take a hit last month from the company's huge emissions scandal.
Volkswagen will negotiate a settlement with Brazilian justice officials for allegedly allowing the torture and detention of employees opposed to Brazil's former military dictatorship.
German auto giant Volkswagen said that the global pollution-cheating scam it is currently embroiled in pushed it deeply into the red in the third quarter and would hurt earnings for the whole of 2015.
German auto giant Volkswagen steered clear of a fresh blow in its emissions-rigging scandal, saying that another type of diesel engine which had raised concerns was not fitted with software designed to dupe testers.
Volkswagen said it will recall a total of 8.5 million diesel vehicles Europe-wide as police raided the carmaker's office in Italy and those of its sports car unit Lamborghini over a global pollution-cheating scandal.
Volkswagen said that more than 91,000 of its vehicles in Australia are fitted with emissions-cheating technology, more than two weeks after the global scandal broke.
Chancellor Angela Merkel said the emissions scandal that has hit car giant Volkswagen was "dramatic" but would not inflict lasting damage on Germany's reputation.
German auto giant Volkswagen shifted up a gear in its plans to recall millions of cars fitted with pollution-cheating software as it boosted efforts to find the masterminds behind the scam.
German auto giant Volkswagen said that 1.8 million of its commercial vehicles worldwide are fitted with the sophisticated software enabling them to cheat emission tests.
Tesla chief executive Elon Musk called for fossil fuel-powered cars "to be tested at random," as German giant Volkswagen's worldwide pollution cheating scandal continues.
The head of German luxury sports car maker Porsche, Matthias Mueller, has been picked to succeed Martin Winterkorn as the chief executive of scandal-battered auto giant Volkswagen.
Wall Street stocks tumbled, joining European equities in falling on worries about global growth and the burgeoning Volkswagen emissions scandal.
France's finance minister called for a "Europe-wide" probe after revelations that hundreds of thousands of Volkswagen diesel cars had software that secretly thwarts US pollution tests.
From Steve McQueen to "The Fast and the Furious", the Mustang has long cruised through American pop culture, but Ford is hoping its snarling sports car will find a new generation of fans as it turns 50: in China.
Leading automakers gathered in Beijing Sunday for China's biggest car show, expressing confidence in the world's largest car market even though lacklustre economic growth and environmental restrictions have generated uncertainty.
Massive or small, affordable or off-the scale pricey: urban sports utility vehicles abound at the Geneva Motor Show, with luxury carmakers speeding into the lucrative market.
Eco-friendly cars were in the spotlight as the Tokyo Motor Show opened Wednesday, with Toyota unveiling a new model and Nissan touting its aerodynamic BladeGlider for energy-conscious drivers.