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Volkswagen AG valued its heavy-trucks business at as much as $18.6 billion in a planned initial public offering that will test CEO Herbert Diess’ ambition of overhauling the carmaking behemoth.

Volkswagen AG’s main car brand will let lapse as many as 4,000 general and administrative jobs while adding at least 2,000 IT positions over the next four years, avoiding layoffs at its German factories as it negotiates a major shift toward electrification and self-driving cars.

Volkswagen AG has started testing five electric and highly-automated versions of its Golf compact cars on the streets of Hamburg, Germany.

Volkswagen’s Chattanooga, Tenn., electric vehicle assembly plant will use batteries produced at a $1.67 billion factory in Georgia.

Volkswagen AG and its former CEO were sued by the U.S. Securities and Exchange Commission over claims they failed to disclose to investors that diesel vehicles violated emissions standards, the latest twist in a software cheating scandal that already has cost the company more than $30 billion.

Volkswagen AG’s main car brand plans to deepen cost cuts and ax more jobs as profits slip in the industry’s shift to electric and self-driving cars.

Volkswagen AG aims to produce almost 50% more electric cars than it targeted previously, boosting a bet that has already strained profit margins.

Volkswagen AG plans to save 1 million tons of carbon-dioxide emissions a year by making production of its first electric model carbon neutral, part of an effort to clean up its image in the aftermath of the diesel-cheating scandal.

Ford Motor Co. and Volkswagen AG are progressing toward an agreement to join forces on self-driving cars and have overcome earlier obstacles, according to people familiar with the talks.

Tesla Inc.’s battery systems will be installed at more than 100 electric-vehicle U.S. charging stations this year.