Audi’s suspended CEO Rupert Stadler has appealed to a court to be released from custody after spending month in jail, the Munich prosecutor’s office stated on Thursday. Stadler was arrested in mid-June as part of a broader investigation into emissions cheating at the premium brand, that is part of Volkswagen Group. He is being held
European consumer officials criticized Volkswagen on Tuesday for no guarantee that repairs after the Dieselgate scandal would not impact cars’ performance. EU officials have asked the automaker to do more to compensate European consumers after it admitted to U.S. regulators in September 2015 that it had cheated on emissions tests there utilizing software installed in
German automaker Daimler AG and auto supplier Bosch Corp are going to deploy self-driving taxis in California’s Silicon Valley region in 2019 as part of a test program of vehicles designated for city driving, the two companies stated on Tuesday. The world’s largest maker of premium cars and biggest automotive provider gave some information about
Volkswagen has named Thomas Sedran to head its commercial vehicles division, the automaker stated on Tuesday, confirming media reports. Currently Volkswagen’s head of strategy, Sedran will assume his new post on September 1, it informed in a statement. He replaces Eckhard Scholz, who is leaving at his own will. Sedran joined the automaker in 2015,
A federal appeals court on Monday upheld Volkswagen’s $10.03 billion settlement with the owners of almost 500,000 contaminating diesel vehicles announced in 2016. The three-judge panel of the U.S. 9th Circuit Court of Appeals stated, in dismissing the objections to the settlement, that it “delivered tangible, substantial benefits to class members, seemingly the equivalent of
Volkswagen has lost a legal challenge to block prosecutors from examining unpublished documents regarding its emission scandal, with Germany’s top court ruling on Friday that files seized from a U.S. law firm can be reviewed. It indicates the data from the files may be made public as part of any criminal proceedings, thus giving more
PSA is seeking to sell part of the research and development arm of its Opel affiliate as it makes efforts to revive profitability to the loss-making unit, Le Monde newspaper reported on Tuesday. The newspaper stated PSA and Opel had already sounded automobile engineering companies over the last few months so that they can submit
A German court has ordered Volkswagen’s truck unit MAN to pay 300 million euros ($350 million) to shareholders in the unit, putting a long-running court battle over its buyout offer to an end. Minority shareholders in MAN will get a gross yearly payment of 5.50 euros per share, which is 2.20 euros more compared to
BMW has given a contract worth just more than a billion euros ($1.16 billion) to China’s lithium battery maker Contemporary Amperex Technology Ltd, the German automaker stated on Thursday. The deal will permit China’s biggest lithium battery maker to construct a factory to produce cells for electric vehicles in Europe, BMW spokesman Glenn Schmidt stated.
BMW would have to shut down its Mini and Rolls-Royce plants located in Britain if Brexit seriously disrupts its supply chain, an executive at the German automaker told the Financial Times. The warning comes after concerns voiced previous week by the head of Siemens’ operations in Britain, who informed Reuters that the nation should stay
Volkswagen has flaunted the sporty side of its electric innovation by setting an all-time record in the annual Pikes Peak International Hill Climb in Colorado. Former Le Mans winner Romain Dumas took the I.D. R Pikes Peak prototype up in just seven minutes 57.148 seconds on the 19.9 km mountain road. That was 16 seconds
Volkswagen is checking whether to seek damages from former Chief Executive Martin Winterkorn, who was a CEO of the automaker when it became known that the automaker had cheated on emissions tests, supervisory board member Stephan Weil informed a newspaper. “Damages against former management board members are under serious consideration, I’m not just stating that,”
Renault SA absorbing Nissan Motor and Mitsubishi Motors is not an alternative as the automakers seek to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn stated on Friday. “Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has no chance of getting a result,” Ghosn informed shareholders
Fiat Chrysler Automobiles on Thursday alleged EU competition regulators of over-reaching their powers and acting as a supranational tax authority for the bloc when they ruled in opposition to its tax deal with Luxembourg three years ago. The Italian automaker was hit with a tax bill of up to 30 million euros ($35 million) in
Volkswagen and Ford Motor are in talks about jointly developing and building a series of commercial vehicles including vans, the companies verified on Tuesday. In a joint statement, Volkswagen and Ford stated they were thinking about a strategic alliance and “investigating several joint projects,” including development of a series of commercial vehicles for international markets.