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 …
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 …
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 …
Analysts are estimating that more than 400 lawsuits (for now) pending against Volkswagen for fraudulent “clean diesel” claims could cost the automaker billions in court — if they even go that far. Bloomberg reported (via Automotive News) that as …
Volkswagen Selayang 4S Centre has just been launched by Volkswagen Malaysia and Goh Brothers. The centre is also the country’s second Volkswagen Technical Service Centre. Cost to set up the centre amounts to approximately RM25 million. It has a staff …
A month after ‘dieselgate’ coming to light and Volkswagen India telling us that they have sent the EA 189 engine-d cars to ARAI for evaluation, official word has arrived from Volkswagen about the entire situation. In a press release sent out by the German …
A Volkswagen lawyer on Thursday said the company would like hundreds of federal civil lawsuits filed against the carmaker over its emissions cheating scandal to be consolidated in Michigan. Volkswagen’s attorneys were among hundreds of lawyers at a …
After dropping just a fraction of a point in October, following the revelation of the company’s attempts to defeat emissions testing on its diesel-fueled cars, Volkswagen sales dropped 24.7% in November. The November sales results reflect the impact of …