Volkswagen

Read By

VW shareholders backed the company’s management actions from last year despite dieselgate

VW shareholders backed the company’s management actions from last year despite dieselgate

Despite the fact that Volkswagen is going through its biggest crisis ever, the investors endorsed its management’s actions for 2015. At the end of the first shareholder meeting since the emissions-cheating scandal erupted, Volkswagen’s top investors showed their support for the management team, regarding their decisions for 2015, despite the […]

Germany’s financial authority says the entire ex-VW board should be investigated for market manipulation

Germany’s financial authority says the entire ex-VW board should be investigated for market manipulation

The persecutors should hold responsible the entire former Volkswagen management board for their actions prior to the public eruption of the emissions scandal, German’s financial authority said. The German prosecutors have opened this week an investigation targeting the former Volkswagen Chief Executive Officer Martin Winterkorn and another unnamed board member […]

VW’s former CEO actions prior to dieselgate put under a magnifying glass by the German prosecutors

VW’s former CEO actions prior to dieselgate put under a magnifying glass by the German prosecutors

The former Volkswagen Chief Executive Officer Martin Winterkorn is investigated by the German persecutors over whether he should have disclosed the costs of the diesel scandal to company’s inventors earlier. The probe aimed towards ex-chief Martin Winterkorn follows many complaints filed by Volkswagen’s investors at a regional court in Braunschweig […]

VW prepared $10 billion for US dieselgate

VW prepared $10 billion for US dieselgate

Volkswagen has reportedly put together a 10-billion-dollar plan to finally address the emissions scandal in the United States. The deadline over the diesel agreement between Volkswagen, US regulators and owners of the affected cars has recently been extended by one week by a federal judge and all sides have now […]

VW has no intention to sell Ducati, exec says

VW has no intention to sell Ducati, exec says

Following recent reports that suggested Volkswagen would consider selling some assets, including Ducati, a member of the German auto Group dismissed such rumors around the bike brand. Rumors have lately increased around Volkswagen’s alleged strategy to sell some of its assets in order to cover the costs of the diesel […]

Volkswagen is said to axe no less than 40 models

Volkswagen is said to axe no less than 40 models

In its pursuit to cut production costs, Europe’s biggest automaker will give up on making more than 40 models in the coming years, report says. Part of its newly announced “Strategy 2025”, Volkswagen said last week that the “Group’s current product portfolio of around 340 different model variants will be […]

Volkswagen diesel settlement delayed again

Volkswagen diesel settlement delayed again

The upcoming Tuesday was the date set for Volkswagen to offer the final terms concerning its diesel-emissions cheating scandal that views around half a million Volkswagen and Audi units. However, that will not happen as the U.S. District Judge Charles Breyer extended the settlement date by one more week for […]

Porsche SE to support Volkswagen dividend

Porsche SE to support Volkswagen dividend

Porsche Automobil Holding SE, main shareholder in Volkswagen AG, will not argue against paying a dividend at the following VW annual shareholder meeting, according to a spokesman for the luxury carmaker. Porsche SE is a German company owned by the Porsche and Piech families. Its members had publicly expressed to […]

VW still considers selling assets

VW still considers selling assets

As part of its strategy to raise cash to cover the costs of the diesel scandal, Volkswagen is likely to sell some of its assets, such as the MAN truck division. Europe’s biggest automaker has been working on a new business plan aimed at saving costs and boosting profitability to […]