Search Results for: Volkswagen
Aussie Stocks Drop, Taiwan Bucks Poor Apple Result: Markets Wrap
May 3rd, 2017
Japan and Hong Kong among Asian markets shut on Wednesday Kiwi dollar climbs as jobless rate in New Zealand declines Australian stocks dropped, while a poor Apple Inc. earnings report proved no bar to gains in Taiwan’s electronics-rich stock ...
VW sued by first German customer
February 7th, 2017
Deutsche See, an environmentally conscious fish distributor, became Volkswagen’s first major German customer to sue VW over misrepresenting their vehicles as being environmentally friendly. Deutsche See’s complaint alleged “malicious deception” and was filed at the ...
Fiat Chrysler accused of diesel emissions cheating
January 13th, 2017
EPA Notifies Fiat Chrysler of Clean Air Act Violations FCA allegedly installed and failed to disclose software that increases air pollution from vehicles The U.S. Environmental Protection Agency (EPA) today issued a notice of violation to Fiat Chrysler Automobiles ...
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 ...
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 ...
VW strikes another US emissions scandal deal
December 21st, 2016
Volkswagen has struck a deal with the US authorities over some 80,000 VW, Audi and Porsche cars with 3-litre diesel engines. The agreement is another step towards allowing the German car maker to put the emissions cheating scandal behind ...
European Commission is pursuing legal action against 7 Member States
December 9th, 2016
European Commission is pursuing legal action against 7 Member States for violating car emissions legislation The European Commission is today acting against 7 Member States on the grounds that they have failed to fulfil their obligations under EU vehicle ...
VW Said to Cut 23,000 Jobs, Save $3.9 Billion With Labor Pact
November 18th, 2016
Savings deal aimed at boosting the VW brand’s margin to 4% Volkswagen agrees to refrain from forced layoffs until 2025 Volkswagen AG reached a landmark agreement with workers to cut as many as 30,000 jobs globally and save 3.7 ...
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 ...
VW Says Its Diesel Cheat Software Is Legal in Europe
November 5th, 2016
It’s the very technology which led it to incur up to $16.5 billion in U.S. settlement costs. Volkswagen said the software allowing its diesel vehicles to evade emissions rules does not violate European law, as the carmaker aims to ...
