Volkswagen

Senior VW Exec Arrested in Miami over Dieselgate

Senior VW Exec Arrested in Miami over Dieselgate

DETROIT—A top Volkswagen executive was arrested Saturday evening as he prepared to board a flight from Miami to Germany, accused of deceiving federal regulators about the use of special software that cheated on emissions tests.
Oliver Schmidt, who as general manager of the engineering and environmental office for VW of America …

At CES 2017, Auto Industry Asks ‘How Are We Driving Tomorrow?’

At CES 2017, Auto Industry Asks ‘How Are We Driving Tomorrow?’

DETROIT—Over the past years, the Consumer Electronics Show in Las Vegas has gained significant importance for the automotive industry, despite it being held immediately prior to the North American International Auto Show in Detroit. The question of “How are we driving tomorrow?” was the central focus of every car manufacturer …

Volkswagen to Exit Diesel Business in U.S.

Volkswagen to Exit Diesel Business in U.S.

Volkswagen does not plan to offer diesel-powered cars and SUVs in the United States going forward, the embattled automaker said.
“We are working under the assumption that we will no longer offer diesel vehicles in the United States,” the company’s head of brand management, Herbert Diess, told the German newspaper Handelsblatt.
The …

VW to Cut 30,000 Jobs in Restructuring

VW to Cut 30,000 Jobs in Restructuring

MUNICH—Embattled automaker Volkswagen said Friday it would cut 5% of its global workforce, totalling 30,000 jobs as it tries to recover from the Dieselgate scandal.
The workforce reduction, which will take place over the coming three years, will hit the company’s home market, Germany, harder than in other regions with cuts …

VW, U.S. Close to Dieselgate Deal for Audi-Developed 3.0-Liter Engines

VW, U.S. Close to Dieselgate Deal for Audi-Developed 3.0-Liter Engines

Volkswagen has reportedly reached an agreement with federal regulators to fix Volkswagen, Audi, and Porsche diesels with 3.0-liter engines, although an official announcement may not be forthcoming until November 30. The move would bring l’affaire Dieselgate closer to conclusion.
“The Court has scheduled a status conference for November 30, 2016 to …

VW Debuts 2017 Golf in Wolfsburg

VW Debuts 2017 Golf in Wolfsburg

Volkswagen unveiled Thursday the latest version of the popular Golf at its headquarters in Wolfsburg, Germany. The 2017 Golf, which is a mid-life refresh of the current Mk7 model rather than all-new, will bring along a number of new high-tech features when it arrives in showrooms.
The Golf will get an …

Volkswagen Chairman Subject of Dieselgate-Related Investigation

Volkswagen Chairman Subject of Dieselgate-Related Investigation

Embattled automaker Volkswagen said that two members of its board including its Aufsichtsratsvorsitzenden, or chairman of the supervisory board, Hans Dieter Pötsch are under investigation by the Staatsanwaltschaft, or state prosecutor, in Braunschweig for violating securities laws.
Mr. Pötsch, who previously served as the company’s chief financial officer, stands accused of …

Volkswagen Reveals I.D. Electric Concept Ahead of Paris Motor Show

Volkswagen Reveals I.D. Electric Concept Ahead of Paris Motor Show

Volkswagen’s latest concept car, the I.D., which it plans to debut at the 2016 Paris Motor Show which opens later this week, isn’t just a show car but a harbinger of what the automaker has in store come 2020.
Based on VW’s current design language with a very futuristic twist, the …

VW Shareholders Seek €8.2 Billion for Lost Value after Dieselgate

VW Shareholders Seek €8.2 Billion for Lost Value after Dieselgate

Volkswagen’s latest Dieselgate travail comes from its shareholders, who are looking to hold the embattled German automaker accountable for deceiving vehicle buyers, dealerships, and the shareholders.
The shareholders are filing suit against the company in record numbers after their holdings lost significant value following the news of the diesel emissions scandal.
The …

VW Engineer Pleads Guilty in Dieselgate Criminal Case

VW Engineer Pleads Guilty in Dieselgate Criminal Case

A senior Volkswagen engineer pleaded guilty to conspiring to defraud buyers of VW diesels as well as federal regulators in the first criminal charges stemming from the U.S. investigation into the German carmaker’s emissions deception known as Dieselgate.
James Liang entered his plea in made in the United States District Court …

EU: Volkswagen May Have Broken Consumer Laws in 20 Countries

EU: Volkswagen May Have Broken Consumer Laws in 20 Countries

The European Commission believes that Volkswagen may have broken consumer-protection laws in 20 countries by installing software that cheated on emissions testing.
The two statutes cited are the Consumer Sales and Guarantees Directive that prohibits companies from making exaggerated environmental claims in their marketing as well as the Unfair Commercial Practises …

VW to Pay U.S. Dealers $1.2 Billion as Dieselgate Compensation

VW to Pay U.S. Dealers $1.2 Billion as Dieselgate Compensation

In the wake of the Dieselgate scandal, many Volkswagen dealerships found that their franchises had little value beyond that of their real estate and their parts and new car inventory. Fahrvergnügen, it turned out, had little residual value.
On Thursday, Volkswagen Group of America agreed to compensate its 650 dealers for …