Volkswagen

VW to Pay $4.3 Billion in Dieselgate Criminal and Civil Settlement

VW to Pay $4.3 Billion in Dieselgate Criminal and Civil Settlement

DETROIT—Beleaguered German automaker Volkswagen said Wednesday it had reached a $4.3 billion settlement with the U.S. government over the Dieselgate scandal.
As part of the deal, the company will plead guilty to misconduct for deliberately selling diesel-powered cars that did not meet federal emissions regulations.
“Volkswagen deeply regrets the behavior that gave …

Report from Detroit – Highlights from the 2017 North American International Auto Show

Report from Detroit – Highlights from the 2017 North American International Auto Show

DETROIT—The North American International Auto Show remains one of the most important auto shows in the automotive industry. However, over the past years the Consumer Electronics Show in Las Vegas has gained significant importance. The Detroit show is held at the Cobo Center in Detroit and starts with two press …

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 …