Latest in Tag: Volkswagen Highlight
Latest in Tag: Volkswagen
German cities bemoan loss of taxes from VW
Volkswagen HQ in Wolfsburg isn’t the only place where the consequences of the dieselgate scandal are being felt. Cities that host VW’s production facilities must also rejigger their budgets as VW pays fewer taxes.
VW reaches tentative deal to compensate US dealerships
The embattled carmaker has reached an ‘agreement in principle’ to compensate its 650 US dealers which sued Volkswagen for damages in connection with its emissions-cheating scandal.
VW, suppliers strike deal to end legal battle
Ending marathon talks, German carmaker Volkswagen and two of its suppliers of crucial components have reached an agreement to end days of production disruptions at several VW plants across the country.
VW hopes for breakthrough in row with suppliers
German carmaker Volkswagen has confirmed it’ll hold more talks with two suppliers of components.
Supplies row forces VW to cut hours at several plants
Volkswagen is planning to cut working hours at its core factory in Wolfsburg and two other German plants amid a supplies shortage caused by parts makers refusing to stick with delivery commitments.
Dieselgate cheating costs VW 5.5 million euros in Italy
Italy’s antitrust regulator has fined Volkswagen 5 million euros for its Dieselgate software manipulation. VW has admitted to installing software to circumvent pollution standards in millions of diesel cars.
Robust sales help VW ride out Dieselgate
German carmaker Volkswagen has reported a rise in sales and operating profit, indicating the company’s dieselgate legacy is manageable. The firm also set aside more money to cover future litigation costs.
Volkswagen is global leader in car sales
Diesel emissions scandal? Lawsuits, fines, turmoil at headquarters? Whatever. VW Group sold more cars and light trucks than any other carmaker in the first half of 2016, ahead of close rivals Toyota and General Motors.
VW profit set to shine despite Dieselgate clouds
Investors have delved into VW shares after the embattled carmaker forecast a higher-than-expected operating profit, shrugging off news the company booked another huge charge for its emissions-cheating scandal.
California rejects VW recall plan for 3-liter diesels
California’s Air Resources Board has rejected Volkswagen’s (VW’s) plan for recalling thousands of 3-liter diesel vehicles, posing a new challenge for the German carmaker to settle its emissions cheating scandal.
Board pay shrinks in Germany’s biggest companies
A new study shows that board members in Germany’s biggest companies took home less last year then before, while employee compensation rose on average. The gap in between though remains staggering.
VW: Compensation claims and a lot more
German carmaker Volkswagen and US authorities are expected to reach a settlement agreement, which might make it clear for the first time how much the “Dieselgate” emissions-cheating scandal would cost the company there.
VW owners close ranks, defying investors’ ire
Volkswagen’s three main shareholders have backed management during the company’s annual general meeting, defying criticism from smaller investors over top executives’ handling of VW’s diesel emissions scandal.
VW shareholders eagerly await general meeting
Volkswagen shareholders are converging on Hannover this week for the auto maker’s annual general meeting.
Ex-VW CEO investigated for market manipulation
German prosecutors say they have launched a formal probe into market manipulation by Martin Winterkorn, the former chief executive at Volkswagen, over his role in the German carmaker’s diesel emissions scandal
Volkswagen bets on e-cars, self-driving vehicles
Volkswagen unveiled a plan for the next decade containing culture change, as it strives to compete in an industry moving towards e-cars, self-driving systems and on-demand mobility – all while it deals with Dieselgate.
Probe launched into lost VW Dieselgate proof
Fallout from Volkswagen’s so-called Dieselgate scandal continues as German authorities investigate a company employee suspected of having destroyed proof that the carmaker cheated on emissions tests for its diesel cars.
European automotive market sees price increase on 70 models
Price lists showed that Opel raised the prices of Astra and Cascada by EGP 20,000
VW sees huge potential in ridesharing business
Officials from German carmaker Volkswagen have announced a major investment in ridesharing company Gett, saying the deal of strategic importance. VW expects brisk business in this market segment.
Volkswagen profit tumbles on dieselgate costs
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.
VW mulls e-battery factory of its own
Media reports have suggested German carmaker Volkswagen is considering building its own battery production facility to foster e-mobility. It could be a crucial move to lessen dependence on Asian producers.
VW paves the way for big changes ahead
Seeking to move past its Dieselgate scandal and catch up with the rapidly changing auto industry, VW is focused on a brighter, more nimble future. It wants to hand its brands more power and boost their cooperation.
TCI: ‘VW management rewarded for failure’
One of Volkswagen’s shareholders, London-based hedge fund TCI, has lashed out against the German carmaker’s generous pay for executives. It claimed top managers had for years been rewarded for mistakes.
Volkswagen’s US boss Michael Horn resigns
The German carmaker’s top boss in the US has stepped down almost six months after the firm became embroiled in an emissions cheating scandal. Michael Horn said he was leaving Volkswagen to “pursue other opportunities.”
Volkswagen pokes fun at Egyptian journalist who covered the Oscars
The journalist, who introduced herself as the first Egyptian journalist to cover the Academy Awards, asked DiCaprio, “What about the first Oscar for you?”
Civil lawsuit against VW will prove a costly affair
After the US authorities filed a civil lawsuit against German carmaker Volkswagen over its emissions-cheating scandal, analysts are trying to figure out how much the lawsuit will cost VW. There will be no cheap escape.
After the US authorities filed a civil lawsuit against German carmaker Volkswagen over its emissions-cheating scandal, analysts are trying to figure out how much the lawsuit will cost VW. There will be no cheap escape.
CES 2016: Connected cars and smart drones
From drones and robots to jewelry, appliances and TVs, the new technology on display at the 2016 Consumer Electronics Show promises to be smarter than ever. But the real stars in Las Vegas this year have wheels.
From drones and robots to jewelry, appliances and TVs, the new technology on display at the 2016 Consumer Electronics Show promises to be smarter than ever. But the real stars in Las Vegas this year have wheels.
VW scandal sears annual sales
Hell hath no fury like a consumer scorned and German auto giant Volkswagen has felt the heat again as the ‘dieselgate’ scandal continues to singe sales. But CEO Müller says he’s ‘ready to face up to this huge challenge.’ Global demand for the group’s brands was down to 883,700 vehicles in November, 2.2 percent lower …
Opinion: Play with an open hand, VW
Volkswagen’s top brass has asked for patience as it pursues those responsible for the company’s emissions scandal. But that won’t be enough to guarantee VW’s survival. It needs a visionary plan, says DW’s Henrik Böhme. Of course, no-one expected Volkswagen to have all the answers at Thursday’s press conference. It’s been nearly three months since …
Obstacles discussed at Egypt Automotive summit
Several investment plans by Nissan are on hold due to foreseen risks, says Nissan GM