The troubled German auto maker has reported a steep drop in net profit for the first quarter of 2016, but described its result as “solid” in view of “challenges” arising from its diesel emission-cheating scandal.
General Motors’ subsidiary has vehemently denied a report by a German environmental lobby group claiming excessive emissions have been found in one of the carmaker’s models. Opel called the claim ‘wrong and unfounded’. Opel insisted Friday it had by no means violated European environmental standards. The message came in response to researchers claiming to have …
The supervisory board of German carmaker Volkswagen named Porsche head, Matthias Müller, the company’s chief executive
