Search Results for: diesel scandal
US arrests VW executive on fraud charges
January 9th, 2017
The Federal Bureau of Investigation has arrested a Volkswagen executive who faces charges of conspiracy to defraud the United States, two people with knowledge of the arrest said on Sunday, marking an escalation of the criminal investigation into the ...
First legal test case against Volkswagen raising pressure to compensate customers in Europe
January 4th, 2017
German consumer rights champion myRight filed the first legal test case against Volkswagen in Germany on Tuesday (3 January), raising pressure on the carmaker to compensate customers in Europe over the emissions scandal. Europe’s largest automaker has pledged billions ...
VW Buys Mobile-Payment Provider PayByPhone for Parking Services
December 29th, 2016
Move follows establishment of carmaker’s Moia mobility brand Deal adds to purchase of Sunhill Technologies last year Volkswagen AG bought North American parking-payment operator PayByPhone in the latest move by Europe’s biggest carmaker to expand from manufacturing into mobility ...
Volkswagen reaches compensation deal with 80,000 US owners
December 23rd, 2016
A federal judge said on Thursday that Volkswagen has reached an agreement in principle to provide “substantial compensation” to the owners of about 80,000 3.0 liter polluting diesel vehicles, a key hurdle to resolve the German automaker’s emissions scandal. ...
VW, Audi Confirm Investigation Into Carbon Dioxide Levels in Some Audi Cars
November 14th, 2016
Volkswagen AG and its Audi AG luxury unit on Saturday confirmed that U.S. and European investigators are looking into fresh irregularities related to carbon dioxide emissions levels in certain Audi automatic-transmission vehicles. Volkswagen said it was in talks with U.S. and European regulators over ...
Volkswagen may cut 2,500 jobs per year via early retirements, says labor boss: Handelsblatt
October 12th, 2016
Volkswagen (VOWG_p.DE) may cut up to 2,500 jobs per year over 10 years by moving workers into early retirement, Handelsblatt reported on Wednesday, citing Bernd Osterloh, chief of the carmaker’s influential works council. Top management and labor leaders are ...
Volkswagen AG models face sales suspension; fresh blow to the German automaker
August 4th, 2016
South Korea has suspended sales of most Volkswagen AG models in a fresh blow to the German automaker as it struggles to overcome the global repercussions of its emissions-test cheating scandal and rebuild its tattered image. The government revoked ...
European car manufacturers face fines of up to €2 billion
May 30th, 2016
Several European car manufacturers have hefty fines hanging over their heads if they are unable to meet the new emission standards set by the European Union. Those with a cloud around their performance include Jaguar Land Rover, BMW, Volkswagen, ...
Volkswagen’s U.S. CEO Leaves Suddenly After ‘Mutual Agreement’
March 10th, 2016
Horn retained dealers’ support even as VW sales fell in U.S. `What could he have done, besides give cars away?’: Analyst Michael Horn, leader of the Volkswagen brand in the U.S., abruptly left the automaker as its American sales ...
VW: Prosecutors in Germany and France widen probes
March 9th, 2016
Prosecutors in Germany and France have broadened their investigations into the emissions scandal at Volkswagen. Authorities in Paris have opened a formal probe into “aggravated fraud” over the use of diesel engine devices that gave misleading emissions results. And ...
