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Latest in Tag: Volkswagen


In Detroit, carmaker Volkswagen opens arms wide to US

The North American International Auto Show is still the biggest and premier auto show in North America. But, this year, only one German carmaker bothered to show up. Maya Shwayder reports from Detroit.Shine the hubcaps, rev up the engines, and break out the unnecessary blonde models. The Detroit auto show is back for another year. …

Deutsche Welle

How Volkswagen is gearing up to be an electric car leader

The German auto giant’s board has approved plans to spend €44 billion over the next five years to overhaul its plants for electric vehicle production. DW explores where the money will be spent.Volkswagen on Friday took a step closer to shaking off the Dieselgate emissions cheating scandal after its supervisory board gave its ambitious electromobility …

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Arrested Audi chief forced to leave Volkswagen Group

German carmaker Volkswagen has said suspended Audi Chief Executive Rupert Stadler is leaving the company. The decision came as a probe continued into whether he falsified documents on emissions-cheating software.Europe’s largest carmaker announced Tuesday it was removing Audi chief Rupert Stadler from his post as CEO and the board of the Volkswagen Group. The head …

Deutsche Welle

VW has best ever sales month ahead of new test procedure

Volkswagen’s core brand has reported record sales for July, stating that the number of cars shifted in Germany and Europe as a whole was particularly high. A looming new test procedure has much to do with it.Volkswagen Group reported Thursday that European sales of its core VW brand cars jumped by a staggering 30 percent …

Deutsche Welle

Volkswagen loses bid to block investigators

German carmaker Volkswagen has lost a legal challenge to prevent prosecutors from examining unpublished documents about its pollution scandal. The files in question had been seized from a US law firm.Germany’s top court ruled Friday that files related to Volkswagen’s emissions-cheating scandal and seized from a US law firm may be reviewed by prosecutors. The …

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New Volkswagen CEO Herbert Diess testified in US

The newly appointed chief executive of German carmaker Volkswagen, Herbert Diess, has reportedly had talks with US authorities on the company’s emissions-cheating scandal. Was there a safe-passage agreement?Volkswagen Chief Executive Herbert Diess traveled to the United States last week to testify to authorities about the carmaker’s emissions-cheating scandal, German newspaper Bild said Tuesday. At the …

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Volkswagen CEO Herbert Diess urges more honest corporate culture

The newly appointed chief executive officer of German carmaker Volkswagen has said the company can only be successful in the long term if it stays on the path of a more transparent and open corporate culture.The new chief executive of German car giant Volkswagen, Herbert Diess, faced shareholders for the first time in Berlin on …

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Volkswagen offers to buy back new diesels in case of city bans

Europe’s largest carmaker has said it’s willing to buy back new diesel cars should German cities ban them. The announcement is meant to reassure potential clients and stem a plunge in diesel car sales.The move came after a German court ruled last month that cities across the country could ban diesel vehicles from their streets. …

Deutsche Welle

Prosecutors look into payments to VW works council

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 …

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VW keeps dieselgate probe findings under wraps

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 …

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VW strives to be leader in e-cars, self-driving vehicles

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 …

Deutsche Welle

VW logs near-record quarterly group profit

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 …

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US judge approves another VW dieselgate settlement

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 …

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Former VW patriarch Piëch in talks to sell his shares

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 …

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Profit boost sets VW on the road toward the future

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 …

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VW’s core brand still struggling

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 …

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VW officially pleads guilty to conspiracy

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 …

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VW dethrones Toyota as world’s best-selling carmaker

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 …

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Volkswagen executive arrested in US: report

“The New York Times” has reported that Oliver Schmidt, a Volkswagen executive, has been arrested in the US. The newspaper said Schmidt was facing charges of conspiracy to defraud the United States.”The New York Times” reported Monday that FBI agents had arrested Volkswagen executive Oliver Schmidt on conspiracy charges related to the German carmaker’s large-scale …

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Opinion: VW caught in the Dieselgate vortex

A year ago, Volkswagen had to admit it had rigged emissions in its diesel models in the US. Since then, the German carmaker has been fighting to win back lost confidence. A long road lies ahead, writes Henrik Böhme.

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