The car industry is going through profound change. Volkswagen appears to understand the scale of this better than most, and its collaboration with Microsoft is part of its attempt to rebrand itself for the future.Many cinematic and literary visions of the future have portrayed us driving in the clouds. A good example is the film …
Volkswagen has seen net profits for the third quarter of 2018 more than double from the same period last year. The figures suggest that VW is pulling itself out of crisis following its emissions-cheating scandal.The figures released by Volkswagen on Tuesday may have fallen short of many analysts' expectations, but still represent a sizeable jump …
German carmaker Volkswagen and US software giant Microsoft have agreed to join forces in the development of connected cars. The strategic move is part of VW’s campaign to digitalize its brands and offer new services.Volkswagen’s supervisory board on Friday gave the green light for a strategic partnership between the Wolfsburg-based carmaker and Microsoft that will …
The ministry said there is no new information in a Bild newspaper report on VW cheating emissions tests for petrol cars. Volkswagen has admitted cheating on emissions tests for diesel vehicles.The German Transport Ministry on Sunday said there was no evidence Volkswagen manipulated emissions tests for its petrol cars. The ministry dismissed a Bild newspaper …
In his first full-year report on Volkswagen’s endeavors to clean up its emissions-cheating mess, a US compliance auditor has urged more transparency. He said he did not get all the documents he wanted to see.Volkswagen’s external compliance monitor Larry Thompson said Monday he disagreed with some of German carmaker Volkswagen’s boardroom use of privacy and …
Prosecutors in the German town of Braunschweig have launched a probe into VW executives suspected of granting too much money to cover the expenses of works council members. Investigations have only just started.German prosecutors have initiated a probe into whether managers at carmaker Volkswagen paid too much to some members of the influential works council …
At its annual shareholder meeting in Hanover, German carmaker Volkswagen has refused to publish the details of a key investigation into its emissions-cheating scandal. Some investors called the move ‘insulting.’Volkswagen on Wednesday rejected investor calls for the carmaker to publish the results of a large-scale probe into its pollution scandal involving the use of defeat …
Scandal-marred German automotive giant Volkswagen says it’s making swift progress in executing its transition plan aimed at overhauling its core brand and transforming it into a world market leader in electric vehicles.VW’s core brand Volkswagen says it expects to complete repairs of all its diesel-powered vehicles in Europe affected by the defeat devices the company …
Scandal-hit German carmaker Volkswagen has reported one of its highest-ever quarterly earnings. The solid result came on the back of substantial cost cuts and despite a decline in overall vehicle sales.Volkswagen announced Wednesday its bottom-line profit climbed by 43.9 percent to 3.4 billion euros ($3.7 billion) in the first quarter. The 12-brand group’s operating profit …
German carmaker Volkswagen (VW) has been ordered to pay a $2.8 billion criminal penalty in the United States as it struggles to bring to an end the long-running diesel emissions scandal that has engulfed the company.With the ruling on Friday, Detroit federal judge Sean Cox followed a deal negotiated by VW and the US Justice …
Former Volkswagen Chairman Ferdinand Piëch is in talks to sell his shares in the firm. The long-term patriarch helped the carmaker to become a giant, but more recently fell into disgrace with executives.Negotiations are underway that could result in long-time Volkswagen patriarch Ferdinand Piëch selling all or at least the majority of his shares in …
Volkswagen’s 2016 results were known long before the German carmaker’s annual press and investor conference. As such there were no big surprises, but no shortage of questions either, writes DW’s Janelle Dumalaon.Last year, Volkswagen Group returned to the black, raking in a net profit of 5.1 billion euros ($5.42 billion) following a loss of 1.6 …
The core brand of German carmaker Volkswagen, VW, has logged another drop in annual earnings for 2016. The company said the decline came irrespective of the impact of the manufacturer’s pollution scandal.Last year, Volkswagen’s core brand, VW, booked net earnings of some 1.9 billion euros ($2.02 billion), down 11.1 percent from a year earlier and …
German automaker Volkswagen has pleaded guilty to three felony counts as part of an earlier multibillion-dollar settlement with the US Justice Department. Judges spoke of a “very, very serious crime.”Wolfsburg-based Volkswagen on Friday admitted to conspiracy and obstruction of justice in a scheme to get around US pollution rules. VW General Counsel Manfred Döss made …
Australian consumers are unhappy about the way German carmaker VW has been treating them after the company’s emissions-cheating scandal broke in 2015. VW car owners are waiting for “proper compensation.”Australian consumer rights group Choice said Thursday Volkswagen must come clean and give VW car owners in the country the truth about its emissions scandal. The …
The EU country has launched criminal proceedings to identify those responsible for Volkswagen’s diesel emissions scandal, following reports that the German carmaker’s first big client is also taking legal action.Luxembourg announced on Monday that it was taking legal action against Volkswagen’s (VW’s) Audi division, trying to identify the “unknown persons” responsible for the carmaker’s EA …
German carmaker Volkswagen (VW) has nudged Toyota from the top spot in global vehicles sales, after the Japanese auto giant has reported weak 2016 results, causing it to lose the crown for the first time in five years.Toyota announced on Monday that it had sold 10.175 million vehicles worldwide last year, which was a rise …
Prosecutors in Braunschweig, Germany, have widened their investigation into the role former VW chief Martin Winterkorn played in the carmaker’s huge pollution scandal. They acted on an initial suspicion of fraud.Prosecutors in the western German town of Braunschweig said Friday they were widening their probe into former VW Chief Executive Martin Winterkorn, who had already …
A new report appears to show that VW car maker’s former CEO Martin Winterkorn was presented with evidence of exhaust gas emission manipulation on 27 July 2015. If true, it would be two months before the scandal broke.Newspaper “Bild am Sonntag” reported on Saturday that the group had calculated when the US authorities should be …
Germany’s biggest carmaker is now the world’s biggest. Volkswagen appears to have wrested the title from Toyota, despite new developments in the ongoing scandal that has tarnished its reputation.Germany’s Volkswagen appears to have overtaken Japanese rival Toyota to become the world’s biggest carmaker, according to company data issued Tuesday. Last year, VW notched up global …
German carmaker Volkswagen has confirmed it’ll hold more talks with two suppliers of components.
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.
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.
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.
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’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.
At its first shareholder meeting since its pollution scandal broke last September, managers at German carmaker VW are girding for tough questions from investors. Fresh accusations and probes are an added irritation.
VW shareholders have grown frustrated with the state of the internal investigation into the emissions cheating scandal. Some are set to call for a new court-ordered probe at next week’s shareholders meeting.
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.
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.
