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US Dieselagte to cost VW up to $15 billion

US Dieselagte to cost VW up to $15 billion

Volkswagen’s settlement over the diesel scandal in the United States will carry a price tag way over the 10 billion dollars that were previously reported.   June 28 is D-Day for Volkswagen, as Tuesday is the deadline imposed by the court over the diesel agreement between Volkswagen, US regulators and […]

VW inquired in Germany over data deletion claims

VW inquired in Germany over data deletion claims

Volkswagen’s actions related with the dieselgate has been put further under a magnifying glass by the German prosecutors. In mid-March, some new disclosures have emerged from the dark dungeons of Volkswagen’s emissions cheating scheme. Some German media reports brought to light the fact that a former employee at Volkswagen Group […]

Lower Saxony reluctant to backing VW’s management

Lower Saxony reluctant to backing VW’s management

One of Volkswagen’s biggest shareholders did not initially want to support the automaker’s top management actions for 2015, but eventually took a softer line in order to avoid altering the brand’s image even more. The German state of Lower Saxony, the second biggest shareholder in Volkswagen AG by voting rights […]

VW brand sales slip again in April

VW brand sales slip again in April

Volkswagen’s core brand posted another monthly drop in deliveries, while the Group’s sales stayed almost flat. Following a 2.7 percent drop in March, sales of Volkswagen’s namesake brand dropped again last month. 476,700 units were delivered in April, 3.9 percent fewer than a year earlier, while the year-to-date figures fell […]

More voices criticize VW’s managers hefty bonuses

More voices criticize VW’s managers hefty bonuses

Volkswagen’s decision to pay its top managers considerable bonuses while the automaker is struggling with huge costs over the dieselgate issue made its investors step upfront and demand explanations. Volkswagen finally saw the financial repercussions of its emissions cheating scheme, as it posted a record loss of 1.6 billion euros […]

Qatar seeks more involvement in Volkswagen

Qatar seeks more involvement in Volkswagen

The third largest shareholder of Volkswagen plans to come out of the shadows, as it asked the automaker for a seat in the executive committee. The state of Qatar is the third largest investor shareholder in Volkswagen, having a 17 percent stake of automaker’s stocks through a holding fund, following […]

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 […]