Volkswagen stated on Thursday it would petition Germany’s constitutional court in an effort to reverse the consultation of a special auditor to examine the actions of management in the “Dieselgate” emissions scandal. A lower court selected the auditor in November, in a triumph for shareholder groups that wish to establish whether VW employers kept market-moving
Volkswagen will report outstanding group results this year, its CEO stated, because of the expected record vehicle sales and by spending cuts. The automaker’s popularity with drivers appears to have weathered the storm after the emissions scandal of September 2015, which has cost the automaker billions of euros in fines and charges. “It will certainly
Volkswagen has cut the wages and suspended the bonuses of 14 members of its works council, consisting the council’s head Bernd Osterloh, as public prosecutors look into alleged earlier overpayment. Osterloh, who as soon as earned 750,000 euros ($888,525) in a single year and as much as 250,000 in other years, said he would now
The Volkswagen Atlas is the biggest SUV the company builds on its flexible MQB platform, and although it’s just been on sale in the US for just seven months, the German auto giant is already preparing a whole family of models based upon it. During the last month, Volkswagen sold 5,154 units of the Atlas
Volkswagen unit Electrify America stated on Monday that it prepares to set up 2,800 electric vehicle charging stations in 17 of the largest U.S. cities by June 2019. The charging stations will be found at approximately 500 sites, with around 75 percent of them at work places and the rest at multifamily dwellings such as
Volkswagen stated on Thursday that a historian commissioned by the automaker discovered that a few of the security staff at Volkswagen do Brasil had cooperated with the nation’s former military regime. “There is no clear evidence discovered, that the cooperation was institutionalized by the company,” stated Christopher Kopper, a history professor at Germany’s Bielefeld University
Volkswagen, today announced an upward modification of the rates for its car lines effective January 2018. The increase of price would be approximately INR 20,000 will be depending on the model across the Volkswagen product range in India. Talking about the announcement, Steffen Knapp, Director, Volkswagen Passenger Cars stated, “The price boost is essential on
The financial arm of German automaker Volkswagen stated on Wednesday that it expects an increase in operating profit in this year, regardless of a diesel scandal that has impacted the market. Volkswagen Financial Services stated 2017 profit would surpass a record 2.1 billion euros ($2.47 billion) in last year. The bank also stated provisionary figures
Germany’s KBA automotive watchdog on Tuesday revealed a recall of Volkswagen’s flagship European sport-utility vehicles (SUV) with 3-litre diesel motor after discovering two illegal emissions control devices in the models. New proof of Volkswagen’s deployment of defeat gadgets continues to emerge over two years after its emissions-test dieselgate took off in the United States. Europe’s
Volkswagen anticipates money outflows of 4-5 billion euros ($4.7-5.9 billion) next year in relation to the dieselgate emissions cheating scandal, the automaker’s Chief Financial Officer Frank Witter told reporters on Monday. “I am not relaxed with regard to the diesel problem,” Witter stated. The figure is below the up to 17 billion euros in outflows
German trade union IG Metall on Monday stated a first round of wage talks at Volkswagen failed to produce a result, adding it was dissatisfied the automaker did not present a counter-offer to its need for a 6-percent wage hike. “The fact that Volkswagen is doing so well in spite of the diesel concern is,
Volkswagen executive Oliver Schmidt, convicted in the United States last week for his role in the German automaker’s emissions scandal, can ask to serve his prison sentence in Germany, German weekly Welt am Sonntag reported, pointing out sources close to Schmidt. The paper stated such a request would have to be authorized by the U.S.
Volkswagen stated on Friday it had stopped providing the T6 multivan to dealers after discovering that the diesel model released excessive nitrogen oxide levels and had reported the findings to Germany’s automotive watchdog (KBA). Previously on Friday German publication Der Spiegel, without recognizing the source of its info, reported that automaker’s tests had shown that
Russia’s standards agency Rosstandart said on Friday it had been informed about the recall of 30,777 Volkswagen Polo cars sold in Russia in 2015-2017. The vehicles were being recalled due to a defect which might prevent the engine starting, Rosstandart said.
A U.S.-based Volkswagen executive who supervised emissions issues was sentenced to seven years in jail and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has actually cost the automaker about $30 billion. The prison sentence and fine for the executive, Oliver Schmidt, were the highest possible under