WOLFSBURG, Germany— Volkswagen AG VLKAY-0.31 % on Thursday blamed a damaging emissions crisis on a “chain of mistakes” that began with the company’s diesel push into the U.S. in 2005 and “culture of tolerance” for rule-breaking that allowed the …
Volkswagen has suspended nine managers suspected of involvement in the manipulation of diesel emissions tests that plunged the automaker into crisis. Investigations into what happened when, and who was responsible, continue and will run well into next year …
WOLFSBURG, Germany — Volkswagen said Thursday that its emissions cheating scandal began in 2005 with a decision to heavily promote diesel engines in the United States and a realization that those engines could not meet clean air standards. What followed …
Volkswagen announced Thursday that the automaker’s investigation had identified institutional breakdowns and individual misconduct that led to the installation of more than 11 million “defeat devices” aimed at cheating emissions tests in its diesel …
One day after announcing that its carbon-dioxide problem is smaller than initially feared, Volkswagen delivered a trove of information that offers insight into its investigation into the larger issue of cheating diesel emissions. This marks the first time …
The update by Poetsch reiterated the assertion that only a small group of engineers and managers were involved in the creation of the software, with Poetsch citing three main factors that allowed the emission-test cheating to happen on such a wide scale.
WOLFSBURG, germany — A small group of Volkswagen engineers began working as early as 2005 on emissions-cheating software after they were unable to find a technical solution to U.S. emissions controls as the automaker pushed into the North American market …
In continued efforts to re-stabilize, Volkswagen AG is sharply cutting capital expenditures and non-essential projects, shifting extra funds to help support electric drive development. “We will continue to act with determination to overcome the crisis …
Eight banks which had initially offered tranches of 2.5 billion euros will supply 1.825 billion euros each, while five banks which offered 1.5 billion euros each will provide loans worth 1.08 billion euros, the people said. Citi, Unicredit, Barclays, Bank …
DETROIT (Bloomberg) — Since the day it came out that Volkswagen AG cheated diesel-emissions tests, U.S. consumers have been suing and lawyers have been wrangling over where the cases will be heard. But for the cars’ owners and Volkswagen, that fight …