"The situation is still developing and we will do our best to make sure we find ways to distribute vehicles out into the market," Volkswagen USA CEO told CNBC.
Japanese carmaker Nissan Motor Co Ltd has announced a multibillion-yen plan to buy back its own shares from French carmaker Renault SA. Nissan Motor Co Ltd on Wednesday announced that it will acquire its own shares worth 59.484 billion yen ($0.393 billion) from Renault SA on March 28. Nissan has received a notice from Renault offering to sell 280,690,000 Nissan shares held in a French trust, and has decided to acquire 100,242,900 shares. Renault has the option to sell the rest of the offered sha