Volkswagen Group has agreed to sell Everllence – its heavy duty diesel engine unit – to private capital firm Bain Capital. Several private equity firms were also in the running (including Blackstone), ...

Ferrari will run an updated power unit at this weekend's Austrian Grand Prix after making use of an opportunity to upgrade its engine under Formula 1's performance catch-up mechanism, ADUO. Lewis ...

Ford Motor Co. took an unusually human approach to fixing its stubborn quality problems: It brought back what it calls “gray beard” engineers to help train younger staff and to reprogram the ...

Volkswagen VOW30.40%increase; up pointing triangle agreed to sell a majority stake in its heavy-engine division, a step in its campaign to reorder an unwieldy automotive empire that is coming under ...

Lewis Hamilton finally got his Ferrari win in Barcelona two weeks ago, and the Scuderia isn’t wasting any time building on the momentum. Heading into this weekend’s Austrian Grand Prix at the Red Bull ...

Volkswagen is selling a 51% stake in engine subsidiary Everllence to Bain Capital, seeking to streamline its investment portfolio. The German automaker will retain a 49% stake in Everllence and stay ...

June 24 (Reuters) - Volkswagen has agreed to sell its diesel engine unit Everllence to Bain Capital in a deal generating proceeds of about €7.4 billion ($8.4 billion), beating out other private equity ...

Private equity firm Bain Capital is set to acquire a majority stake in Everllence, Volkswagen’s marine engine division, according to a report by the Financial Times citing sources familiar with the ...

June 24 (Reuters) - Volkswagen has agreed to sell its diesel engine unit Everllence to Bain Capital in a deal generating proceeds of about €7.4 billion ($8.4 billion), beating out other private equity ...

June 24 (Reuters) - Volkswagen ⁠has ⁠agreed to sell its diesel ⁠engine unit Everllence to Bain Capital in a deal generating proceeds of about €7.4 billion ($8.4 billion), beating out other private ...