Volkswagen

Volkswagen says sorry in Japan auto show

At the Japan Auto Show, Volkswagen AG announced its plan to build a sports utility vehicle in its plant in the US. The company's Japan Division head Sven Stein apologized by bowing down low for several seconds.

Mercedes Car Sales Create New Record in China

It is unexpected but yes, Mercedes-Benz cars made a new record in China that reached 53%. It got a handsome portion in the car market share especially that Volkswagen is faced with a lot of issues.

Volkswagen deals with multiple lawsuits, costing billions of euros

It's not yet over for the issues that Volkswagen have to face. It's been dealing with multiple charges one after another making the German automaker spend a lot money due to fines, litigation, and expenditures for the fixing of the affected vehicles.

Volkswagen emissions scandal alarms China quality watchdog

Volkswagen scandal has not spared China from the software that creates false results for emission tests. This cause AQSIQ and the Chinese government to conduct a separate investigation regarding the issue. VW will be hurt most if China takes its toll on the automaker since the country comprises a third of its total global sales.

Volkswagen recall starts in January 2016

Due to the emission scandal, VW is forced to recall its 11 million cars that would start January next year and will be completed at the end of the same year. VW CEO said that some cars need can be fixed by software adjustment or mechanical alterations.

Volkswagen calls for an extraordinary board meeting over emission tests issue; will appoint Poetsch as the new head

Volkswagen board will have an extraordinary meeting on Wednesday. Along with that, Hans Dieter Poetsch will be appointed as the new head of the supervisory board.

VW scandal exposes cozy ties with Berlin

The 413 billion euros could be the reason why there is a strong tie between Berlin and the German automobile industry.

VW scandal exposes cozy ties with Berlin

The 413 billion euros could be the reason why there is a strong tie between Berlin and the German automobile industry.

Winterkorn resigns as Volkswagen CEO

Martin Winterkorn's contract as VW CEO extends until 2018 as agreed upon by the VW's supervisory board despite the controversial emissions scandal. This Friday was the scheduled formal approval.

Volkswagen CEO steps down; US may slap $18B penalty

The latest scandal of Volkswagen in rigging emission norms results is rocking the Germany business and political factors. Volkswagen has taken up crisis management measures and its CEO Martin resigned and many more to follow the suit. The US environment protection agency may slap a hefty fine of $18bn on Volkswagen if its role in manipulating emission results is proved.

Volkswagen scandal is gaining steam

Volkswagen Group is the biggest car manufacturer in Germany with three brand under its management including Audi, Porsche and Lamborghini. The latest scandal might be costly for the company but its effect will not be everlasting.

Volkswagen credit spreads rose despite pollution controls evasion

Volkswagen is proven of deceiving EPA in regards with its car emission levels forcing the agency to officially charge the German automaker what is due them. VW's credit spreads widened the fact it faces a maximum fine of $18 billion.

Volkswagen might get fined $18 billion for 'defeat device' installation

Volkswagen might get penalized amounting to $18 billion for not complying with the Clean Air rules of EPA. The German trademark cars can be recalled by EPA since they have the authority to do so.

Analysts Say Volkswagen's Management Reshuffle Not Enough to Create Momentum

Volkswagen’s reshuffling may not bring the momentum it needs to to address its structural issues between lets Chief Executive Martin Winterkorn and former Chairman Ferdinand Piech.

Volkswagen appoints a new chairman

Volkswagen's unassuming finance chief is taking the helm of the world's biggest automaker. Hans Dieter Pötsch has been appointed company chairman, dashing hopes of his current boss of assuming the top post.

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