German government is committed to tougher sanctions for diesel emissions

Berlin Germany

The German government is committed to implementing tougher sanctions against companies that involved in criminal behavior, following Volkswagen’s diesel emissions scandal, the nation’s justice minister, Katarina Barley, said. In an interview released in Friday’s edition of the Handelsblatt newspaper, Katarina Barley stated she had seen a pattern whereby companies try to put blame on individual […]

BMW to cut 1 billion euros in indirect expenses

BMW M2 M Performance Edition

BMW plans to slash 1 billion euros ($1.14 billion) in indirect procurement expenses by 2019, BMW head of production Markus Duesmann informed the Handelsblatt daily. A BMW representative confirmed the figure. The German automaker’s indirect procurement costs total up to about 20 billion euros yearly, however BMW needs to make savings so the company can […]

Volkswagen looks for quick deal concerning Ferdinand Piech’s shares

Ferdinand Piech

The Porsche and Piech families are wanting to strike a quick deal to purchase shares in Porsche SE from Volkswagen’s former chairman Ferdinand Piech, a person knowledgeable with the matter stated on Monday. “The negotiations are serious,” the individual stated. Porsche SE, the holding company which manages 52 percent of VW’s shares, said on Friday […]

Volkswagen says it has no plans to retain large number of temporary workers

Volkswagen logo

Volkswagen stated it has no strategies to keep a large number of temporary workers on its books following a media report noting management at the automaker’s Volkswagen brand would retain about 2,000 of them as labor leaders and executives battle over the company’s turn-around plan. Labor leaders at Volkswagen recently halted cooperation with leading managers […]

Volkswagen compliance head exits in falling-out over dieselgate scandal role

Volkswagen logo

Volkswagen’s efforts to draw the line under its dieselgate scandal were dealt a blow on Thursday after the German automaker fell out with the compliance chief it worked with to assist, prompting her departure from the company. Christine Hohmann-Dennhardt, 65, was quitting Volkswagen’s board “due to differences in their understanding of responsibilities and future operating […]