It agreed to pay $4.3 bn in civil and criminal penalties in case brought by Justice Department
Volkswagen said its Skoda unit would lead the project
Last month, the board announced steps to cap total compensation for top management
MoU will enable both carmakers to deepen exchanges about technology, components and platforms
Company's mass-market brand is undergoing heavy restructuring with thousands of job cuts
Legal inquiries will end on Friday when VW is set to plead guilty in Detroit
Volkswagen admitted to having installed 'defeat devices' in 11 million diesel cars
Volkswagen forecast broadly stable earnings this year
Volkswagen is working to establish itself as the most preferred 'affordable premium brand' in India
Volkswagen's cheating led Germany to order an EU-wide recall of 8.5 million Volkswagen vehicles
Company looks to quell widespread anger over bonuses paid even as it suffered record losses
Tata Motors has been stepping up efforts to shed the budget image of its namesake brand
A spokesman for VW confirmed the letter and said both sides had resolved their points of difference
The labour bosses wrote a letter accusing the chief of disregarding an agreed turnaround plan
About the US probe into emissions cheating
Volkswagen's strong rejection of the claims shows a deepening rift with the ousted chairman
Volkswagen will also launch a 'Green City' initiative in a yet-to-be-identified California city
VW already agreed on $15 bn settlement with owners of some 500,000 smaller, 2.0-liter diesel engines
US recall comes after a series of incidents in China and Israel in 2016
VW admitted it had understated fuel consumption and CO2 emissions of about 800,000 vehicles