The two friends who own the Volkswagen van went surfing the Sunday before the Palisades Fire erupted and then parked the van in a neighborhood that was later destroyed. They were sure it was a goner.

DAVOS, Switzerland (Reuters) -Volkswagen needs to increase investments in the U.S. to hit its market share targets, and cut costs in Europe to achieve profitable growth, its CFO Arno Antlitz said on the sidelines of the World Economic Forum in Davos on Thursday.

A joint venture between U.S. electric pickup and SUV maker Rivian and Volkswagen is in talks with other automakers about supplying their software and electrical architecture, a senior Rivian executive said on Thursday.

Hyundai is updating its digs in Southern California with the signing of a new industrial pre-lease in Orange County.

New York Life Real Estate Investors has shed an office building in Southern California for less than half of what the company paid to acquire it nearly a decade ago.

An Orange County, California, logistics center has been pre-leased by a major car manufacturer. Hyundai America Technical Center Inc. — a branch of Hyundai Motor Group focused on design, technology and engineering — is moving into LogistiCenter at Irvine II, a Class A distribution facility in Irvine set to open in the next couple of months.

"It's hard to square the super-tough narrative of having reached a tipping point and going in all guns blazing, with the agreement that came out," said Stephen Reitman, analyst at Bernstein Research who has followed Volkswagen for decades.

A surprising AP photograph of an undamaged Volkswagen van surrounded by destruction from a Los Angeles wildfire has astonished viewers

VW Group will have no new members in its EV range this year, prolonging the difficult times at the German car making giant

Volkswagen will need to make additional investments in the United States to hit its target of doubling market share in the country, its CFO Arno Antlitz said on the sidelines of the World Economic Forum (WEF) in Davos,

Yet, some conspiracy theorists online aren't satisfied with the scientific explanations behind these destructive events — and a Volkswagen ... set of wildfires in California have caused ...

In one of the most striking images to emerge from the unfolding tragedy of the Los Angeles wildfires, a bright blue vintage Volkswagen van stands out miraculously untouched amid the destruction in ...