Volkswagen to write off investment in Gett

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German automaker Volkswagen is going to write off its investment in Gett after the Israel-based ride hailing app failed to achieve ground on bigger competitors Uber, Lyft and Didi, weekly Der Spiegel reported on Friday. Volkswagen spent $300 million in Gett in 2016, saying it intended for on-demand mobility services such as smartphone ride hailing […]

Volvo is not thinking of diesel car retrofits in Germany

Volvo XC40

Volvo is not thinking of any hardware retrofits for diesel vehicles in Germany, a company spokeswoman stated on Monday, rejecting a report by Germany’s Der Spiegel magazine that included that the Swedish automaker was mulling that option. “They’re drawing the wrong conclusions,” the spokeswoman stated. Volvo is following the discussion in Germany, she stated, including: […]

Volkswagen CEO was informed about emissions software months before scandal

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Volkswagen CEO Herbert Diess was informed about the existence of cheating software in vehicles two months before it was revealed, German magazine Der Spiegel stated. Der Spiegel’s story, based on unsealed documents recently released from the Braunschweig prosecutor’s office, raises concerns about whether the automaker informed investors in a timely manner regarding the scope of […]

Daimler and Transport Ministry agrees to clear up complex emissions issues

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German automaker Daimler and the German transport ministry have agreed to clear up very complex technical issues connected with diesel emissions, a spokesman for the ministry stated on Friday. He informed that concrete steps were agreed after a meeting on Monday where German Transport Minister Andreas Scheuer questioned Daimler boss Dieter Zetsche concerning how many […]

Porsche to recall 60,000 SUVs for emissions issues

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Volkswagen’s Porsche has been asked by KBA automotive regulator in Germany to recall about 60,000 diesel-engined Macan and Cayenne sport-utility vehicles, a KBA spokesman stated. German magazine Der Spiegel reported the recall on Friday, saying the two models geared up with the latest Euro-6 diesel engine generation were fitted with more so-called defeat devices efficient […]

German prosecutors may extend Bosch emissions investigation

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German prosecutors may extend an investigation into auto supplier Robert Bosch for its suspected association in emissions test cheating to include dealings with Fiat, Ford, General Motors and Hyundai, according to the Stuttgart public prosecutor’s office. German weekly Der Spiegel reported that the prosecutors believe Bosch to have supplied those automakers with illicit emissions control […]

German regulator launches another investigation into Volkswagen

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Germany’s financial watchdog stated on Friday it was investigating whether Volkswagen unlawfully revealed information about its emissions scandal to third parties, contributing to the automaker’s legal headaches over two years after the scandal broke. Europe’s biggest automaker is presently being investigated by the BaFin watchdog over presumed insider trading associated with its “Dieselgate” scandal, and […]

Extent of Volkswagen emissions manipulations discussed before it was known

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Volkswagen engineers informed top managers that diesel emissions manipulations went far beyond concerns in the United States two days prior to the automaker made a public announcement to that result in 2015, Der Spiegel reported on Friday. Volkswagen confessed on September 20, 2015, to setting up secret software in hundreds of thousands of U.S. diesel […]

Volkswagen CEO rejects price fixing by German automakers

CEO Matthias Mueller

German automakers being investigated over possible collusion did not take part in cost fixing or a prohibited cartel, Volkswagen‘s CEO Matthias Mueller stated on Wednesday. European Union antitrust personnel have raided Volkswagen, Daimler and BMW as part of an investigation if they conspired to fix prices in diesel and other technologies over numerous decades. “I […]

EU antitrust regulators say investigating possible German auto cartel

2018 Volkswagen Tiguan

EU antitrust regulators are investigating accusations of a cartel among a group of German automakers, the European Commission stated on Saturday, a measure that might lead to large fines for the companies. The Commission and its German equivalent were tipped off about the possible cartel, the EU competition authority stated. “The European Commission and the […]