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August 22, 2017

Automobile

Audi labour boss presses management for culture change

By Andreas Cremer INGOLSTADT, Germany (Reuters) – Audi’s <VOWG_p.DE> labour boss said he will “hold management responsible” for adopting a new leadership culture, raising pressure on the luxury carmaker to implement change as it grapples with its emissions scandal. Audi submitted a plan this week to U.S. authorities to fix about 80,000 3.0 litre diesel

Volkswagen replaces head of its legal department in U.S.

By David Shepardson WASHINGTON (Reuters) – Volkswagen AG &lt;VOWG_p.DE> has replaced the head of its U.S. legal department with an outside lawyer as it works to win approval to fix nearly 600,000 vehicles with excess emissions, a person briefed on the matter said Thursday. David Detweiler, an attorney with law firm Clifford Chance, has been

Ferrari gives cautious forecast for 2016, shares drop

MILAN (Reuters) – Italian carmaker Ferrari &lt;RACE.MI> &lt;RACE.N> has made a cautious forecast for its financial performance this year, its first as a standalone company, after reporting fourth-quarter numbers in line with expectations, pushing its shares down more than 8 percent. Ferrari, which was spun off from Fiat Chrysler Automobiles &lt;FCHA.MI> at the start of

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