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VW keeps relying on strong China sales

VW keeps relying on strong China sales

The Chinese market has been proved to be one of Volkswagen’s strongest lately, and the automaker hopes the trend will keep going up. Even if Volkswagen’s China deliveries fell 3.4 percent last year to 3.5 million units, the two previous quarters were quite solid and helped the company offset on […]

VW confirms the US agreement over diesel scandal

VW confirms the US agreement over diesel scandal

Volkswagen has officially confirmed the latest reports on an “in principle” agreement with the US authorities related to the emissions scandal. Even if Volkswagen has not disclosed the terms of the settlement, the company said in a statement that it finally struck a deal “in principle” with the Department of […]

VW to cut managers’ bonuses

VW to cut managers’ bonuses

Following internal pressures over the hefty bonuses for senior managers amid the diesel scandal, Volkswagen will cut them by around 30 percent, sources say. Large bonuses for Volkswagen’s executives triggered an internal dispute and drew criticism from the company’s investors and labor leaders. The German state of Lower Saxony, the […]

VW managers keep tight on their bonuses

VW managers keep tight on their bonuses

Top managers from Volkswagen are not willing to give up on their bonuses so easily, drawing criticisms from one of company’s biggest shareholders. The emissions scandal forced Volkswagen to make some serious budget adjustments, planning to scale down part of its main operations in Germany, as well as to lay […]

Investors ask over 3 billion euros in compensation from VW

Investors ask over 3 billion euros in compensation from VW

Volkswagen’s institutional investors are suing the company for neglecting its capital markets duty, claiming billions of euros as compensation. Volkswagen is facing multiple lawsuits after it admitted in September it cheated on the emissions tests and owners as well as investors are asking for substantial financial damages from Europe’s biggest […]