Just two years ago, Volkswagen was actively supporting the United Auto Workers in its push to organize the company’s plant in Chattanooga, Tenn. But in September, the German automaker was plunged into turmoil over revelations that it had equipped almost …
Even though an emissions-cheating scandal has rocked German car maker Volkswagen AG — expected to cost the company upward of $18 billion — the company’s sales were buoyed by China and Europe, allowing it to overtake its archrival Toyota — the no. 1 …
Previously reported to be a ‘Clubsport Lightweight,’ Golf GTI, our spy photographers have captured what now appears to be known as the Volkswagen Golf GTI Clubsport S. The undisguised model was seen doing some rounds at the Nurburgring, so it’s …
Any publicity is good publicity. Well, apparently not — at least in Volkswagen’s case. The infamous dieselgate scandal shook the automotive industry as a whole and put the spotlight on the German automaker, for all the wrong reasons. Imagine the …
Moving forward, VW Group also said it would set aside €16.2 billion (about $18.22 billion) to begin covering “technical modifications”, legal claims, and other fallout from the company’s cheating. The carmakers said they will cooperate with authorities.
Volkswagen will cut its ordinary dividend to EUR0.11 per share after paying EUR4.80 for 2014, and its dividend on preferred shares to EUR0.17 from EUR4.86. Mitsubishi Motors also confessed to rigging emissions probe on some cars manufactured in Japan.
Volkswagen has not fixed any of the 1.2 million cars in Britain affected by the diesel emissions scandal, a British transport minister said on Monday, despite the company having said it had begun software modifications to some models. The German carmaker …
Volkswagen is certainly on a roll at the moment, with plans to launch seven new electric and plug-in models in the Chinese market. These new models will be manufactured in China itself. One of these concepts, called the Volkswagen T-Prime Concept GTE, was …
The news that Volkswagen increased its reserves to $18 billion to cover the cost of penalties, legal claims and recalls in the United States and elsewhere related to diesel emissions cheating means that the company is at the beginning of the end of the …
After dropping hints last week, Volkswagen (NASDAQOTH:VLKAY) showed off a new plug-in hybrid SUV in Beijing on Monday. The Volkswagen T-Prime Concept GTE is almost certainly a preview of the next-generation VW Touareg. It follows several other recent VW …