Auto

VW in Advanced Talks for Multi-Billion Settlement on U.S. Criminal Probe

Volkswagen and the Justice Department are nearing a deal to resolve criminal and civil allegations over the German automaker's diesel cheating while it won long-awaited approval from the Environmental Protection Agency to fix about 70,000 diesel vehicles, crucial steps toward moving past a scandal that has cost it billions of dollars and its reputation.

Record Car Sales Help Auto ETF Rev Up

Automobile stocks and sector-related exchange traded fund shifted into high gear Wednesday as automakers revealed record U.S. sales in December that helped conclude the seventh-straight year of sales growth. The First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ), which provides access to global automobile manufacturers, gained 2.3% Wednesday. Auto stocks jumped after General Motors…

Record Car Sales Help Auto ETF Rev Up

Automobile stocks and sector-related exchange traded fund shifted into high gear Wednesday as automakers revealed record U.S. sales in December that helped conclude the seventh-straight year of sales growth. The First Trust NASDAQ Global Auto Index Fund (NasdaqGM: CARZ), which provides access to global automobile manufacturers, gained 2.3% Wednesday. Auto stocks jumped after General Motors…