Audi fined for 800 million euros for diesel violations

New Audi A8 images from Barcelona, July 2017

German premium car brand Audi, a division of Volkswagen, stated it was fined 800 million euros ($927 million) on Tuesday for violations associated with heavily polluting six- and eight-cylinder diesel engines. “Considering these special items the Audi Group will largely undercut major financial key performance indicators forecasted for the fiscal year 2018,” Audi stated in […]

Volkswagen terminates Audi CEO’s contract amid emissions investigation

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Volkswagen has terminated Audi CEO Rupert Stadler’s contract against the backdrop of a criminal probe into whether he participated in emissions cheating by the German group. Munich prosecutors are probing Stadler and another member of Audi’s senior management for alleged fraud and misleading advertising associated to illegal emissions by its cars and manipulation of automobile […]

U.S. monitor wants more transparency from Volkswagen concerning emissions

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Volkswagen’s external compliance monitor on Monday stated he did not agreed with some Volkswagen executives’ use of privacy and attorney client privilege rights to withhold details regarding a $27 billion global emissions cheating scandal. The German automaker was ordered by the United States Department of Justice to provide three yearly reports examining its breaches to […]

Volkswagen names Bram Schot as interim Audi CEO

Images of 2017 Audi R8 V10 Spyder

Bram Schot has been nominated by Volkswagen’s supervisory board as interim chief executive at its luxury brand Audi after the arrest of Rupert Stadler, Germany’s Sueddeutsche Zeitung stated on Monday, without mentioning sources. Since Audi is a division of Volkswagen, the Audi’s supervisory board has yet to sign off on the nomination, Sueddeutsche stated. A […]

Report: Audi to name interim CEO following arrest of Stadler

2017 Audi R8 V10 plus exclusive edition images

Volkswagen’s premium brand Audi is going to appoint an interim chief executive as current boss Rupert Stadler was arrested earlier on Monday, Germany’s Frankfurter Allgemeine Zeitung reported, without mentioning any sources. The appointment is going to be made at a supervisory board meeting convened at short notice on Monday, the paper stated. Munich prosecutors, who […]

Audi CEO arrested by Munich prosecutors on risk he may suppress evidence

CEO Rupert Stadler

Munich prosecutors stated that Audi Chief Executive Rupert Stadler was arrested on Monday as investigators observed the risk that he might look to suppress evidence associated with a diesel emissions investigation. “The suspect has been seen by a judge, who has ordered him to be remanded in custody,” the prosecutors’ office stated. The prosecutors’ office […]

Audi will decide on battery production for electric car in Germany in next 1-2 years

2018 Audi R8 Spyder V10 Plus

Audi’s top management is going to decide in the next year or two if they should build batteries for its electric-car program in its high-cost German home market, its chief executive stated. Audi’s labor leaders have prompted management to invest in battery-cell technology and to assemble powerpacks at the two major factories in Ingolstadt and […]

Audi electric cars to be built across the world

New Audi A8 images from Barcelona, July 2017

Audi will build electric vehicles at its plants throughout the world, including sites in Mexico and Hungary, the automaker informed on Wednesday, detailing its zero-emission strategies. Audi last year awarded production of its first mass-produced electric sport-utility vehicle to a plant in Brussels, and since been pressured by labor unions to designate electric vehicle tasks […]