Tag: Volkswagen

Wednesday, January 9th 2019 - 08:45 UTC
Domestic car sales in Brazilian domestic market in line with expectations

Car and light truck sales in Brazil went up 13.6% in 2018 from the previous year, cementing the industry’s gradual recovery from a deep recession. Brazil was one of the world’s five biggest auto markets until a recent downturn and, despite last year’s growth, numbers remain lower than at their peak in 2012.
Wednesday, October 17th 2018 - 08:51 UTC
Audi agrees to pay US$ 930m fine for rigging diesel vehicles

German luxury automaker Audi will pay a fine of roughly US$930 million to settle regulatory action in its home country for rigging some of its diesel vehicles with illegal software designed to defeat emissions tests, the company said on Tuesday.
Tuesday, January 31st 2017 - 22:21 UTC
Volkswagen overtakes Toyota as world's top leading automaker in 2016

Toyota lost its crown as the world's top-selling automaker in 2016, company figures showed Monday, with the Japanese giant overtaken by Volkswagen as the industry prepares for an uncertain trade environment under Donald Trump. The German automaker moved back into the top spot despite being hit by a massive emissions cheating scandal that rocked its reputation.
Tuesday, January 5th 2016 - 08:22 UTC
US Justice Department seeking billions of dollars from Volkswagen, Audi and Porsche

The United States Justice Department has filed a federal lawsuit against Volkswagen, Audi and Porsche that seeks billions of dollars in penalties over claims that the car companies installed devices to deliberately misreport emissions. Nearly 600,000 diesel-engine vehicles were installed with these devices since 2009.
Tuesday, September 29th 2015 - 07:26 UTC
Audi admits 2.1 million of its cars are fitted with emissions cheating software

Luxury car brand Audi has confirmed that 2.1 million of its cars around the world were outfitted with software that enabled them to cheat emissions standards. The announcement clarifies Audi's role in the diesel emissions scandal roiling its parent company, Volkswagen.
Friday, September 25th 2015 - 23:14 UTC
“My most urgent task is to win back trust for the VW Group” said new CEO Mueller

Matthias Mueller has been named as Volkswagen (VW) chief executive in the wake of the scandal of rigged emissions tests in diesel cars. He succeeds Martin Winterkorn, who resigned on Wednesday. Mr. Mueller is a veteran hand of the company and was head of Posche's sports car division.
Thursday, September 24th 2015 - 08:56 UTC
Ex VW CEO Winterkorn stands to take home a $32 million pension

Martin Winterkorn, CEO of Volkswagen who resigned on Wednesday amid allegations that the company cheated emissions testing for 11 million diesel-powered cars, stands to take home a $32 million pension.
Thursday, September 24th 2015 - 08:49 UTC
Aftershock fears for the symbol 'Made in Germany', following VW' scandal

Cars and the environment are two things that Germany cares so deeply about that they form part of the national character. So Germans are shocked to discover that for years the country's mightiest car manufacturer Volkswagen has been rigging environmental tests for diesel emissions in the US.
Wednesday, September 23rd 2015 - 07:58 UTC
Volkswagen admits 11 million cars worldwide equipped with “cheating software”

The scandal that has undermined Germany's Volkswagen in the United States spread to its core market of Europe on Tuesday, after the company admitted that eleven million of its diesel cars worldwide were equipped with software that was used to cheat on emissions tests in the US.
Tuesday, September 22nd 2015 - 06:37 UTC
VW shares plunge 20% following emissions' scandal; fines could reach 18bn dollars

Shares in German auto giant Volkswagen (VW) fell more than 20% in morning trading at the Frankfurt stock exchange on Monday in reaction to revelations that some of its diesel cars in the United States had been fitted with software that gave false emissions data.