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Volkswagen AG (VOWG_p.DE)

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Wed, Dec 13 2017

EU mergers and takeovers (Dec 13)

BRUSSELS, Dec 13 The following are mergers under review by the European Commission and a brief guide to the EU merger process:

VW bank expects profit rise in 2017 despite diesel scandal

FRANKFURT The financial arm of German carmaker Volkswagen said on Wednesday that it expects a rise in operating profit in 2017, despite a diesel scandal that has rocked the industry.

VW bank expects profit rise in 2017 despite diesel scandal

FRANKFURT, Dec 13 The financial arm of German carmaker Volkswagen said on Wednesday that it expects a rise in operating profit in 2017, despite a diesel scandal that has rocked the industry.

VW's Skoda Auto posts best monthly sales ever in November

PRAGUE, Dec 13 Czech carmaker Skoda Auto, a unit of Volkswagen, posted its best monthly result ever in November, with deliveries rising 17.5 percent year-on-year to 114,600 cars, it said on Wednesday.

VW's truckmaker Scania appeals 880 mln EUR fine for price fixing

STOCKHOLM, Dec 12 Swedish truckmaker Scania said on Tuesday it had filed an appeal against a decision by the European Commission to fine it 880 million euros ($1 billion) for taking part in a price fixing cartel.

German watchdog recalls VW Touaregs over defeat devices

HAMBURG/BERLIN Germany's KBA automotive watchdog on Tuesday announced a recall of Volkswagen's flagship European sport-utility vehicles (SUV) with 3-litre diesel engines after detecting two illicit emissions control devices in the models.

UPDATE 1-German watchdog recalls VW Touaregs over defeat devices

* 57,600 3.0-litre models affected globally -KBA (Adds detail on KBA examinations and background)

German watchdog orders recall of 57,600 VW Touareg SUVs

HAMBURG, Dec 12 Germany's KBA automotive watchdog said it has ordered Volkswagen to recall 57,600 diesel models of its Touareg sport-utility vehicle (SUV) after detecting two illicit emission-control devices in tests.

VW sees 4-5 billion euros in outflows in 2018 due to dieselgate

WOLFSBURG, Germany Volkswagen expects cash outflows of 4-5 billion euros ($4.7-5.9 billion) next year in relation to the dieselgate emissions cheating scandal, the carmaker's Chief Financial Officer Frank Witter told journalists on Monday.

VW sees 4-5 billion euros in outflows in 2018 due to dieselgate

WOLFSBURG, Germany, Dec 11 Volkswagen expects cash outflows of 4-5 billion euros ($4.7-5.9 billion) next year in relation to the dieselgate emissions cheating scandal, the carmaker's Chief Financial Officer Frank Witter told journalists on Monday.

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