Volkswagen Faces €16 Billion Cost for Massive Restructuring Plan
Volkswagen is estimating the total cost of its sweeping restructuring program, including job cuts and potential plant closures, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The...
US company refuses to recall 67m airbag inflators after regulator’s request
ARC Automotive, a major supplier of airbag parts for about 25% of US vehicles, has refused to comply with a request from the National Highway Traffic Safety Administration (NHTSA) to recall its defective product....