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Volkswagen emission scandal News
Volkswagen emission scandal
Volkswagen gets 3 years probation, oversight sentence by US court
Sat, Apr 22, 2017
The sentencing was one of the last major hurdles to VW moving past a scandal that led to the ouster of its chief executive
Volkswagen has spent $2.9 billion on US buybacks
Wed, Mar 01, 2017
The report by an independent claims supervisor said the German automaker is buying back and terminating leases on about 15,000 vehicles a week. VW has made offers to buyback vehicles or cancel leases to 323,179 U.S. consumers totalling $5.86 billion, it said.
Porsche, Audi lift Volkswagen to record underlying profit
Sat, Feb 25, 2017
Sales of the German carmaker`s luxury brands lifted underlying operating profit before special items 14 percent to 14.6 billion euros ($15.5 billion) in 2016, after the company reported its biggest ever loss in 2015.
UK Volkswagen owners seek compensation over emissions scandal
Mon, Jan 09, 2017
There are 1.2 million diesel engine cars affected in the UK, including Volkswagen, Audi, Seat and Skoda models.
Volkswagen to cut 30,000 jobs at VW brand by 2021
Fri, Nov 18, 2016
German carmaker Volkswagen and its labour unions have agreed to 30,000 job cuts by 2021 at its VW brand as part of a plan to boost profitability and fund a shift to electric and self-driving cars after its emissions scandal, a source told Reuters on Friday.
Former Volkswagen CEO investigated over emissions scandal
Mon, Jun 20, 2016
The company said the review showed no reason not to recommend that shareholders vote to approve management's work for 2015 at the annual meeting on Wednesday.
Three investor groups call for new investigation into Volkswagen emission scandal
Mon, May 23, 2016
VW declined to comment.
Volkswagen to increase wages by 4.8% amid emission scam
Sat, May 21, 2016
Higher wages in Germany would also improve the relative trade competitiveness of struggling eurozone members.
Volkswagen CEO apologizes Barack Obama in person over emission scam
Thu, Apr 28, 2016
The scandal broke when the EPA took action against Volkswagen.
Despite loss due to emission scandal, top executives will be paid Rs 479 crore for 2015: Volkswagen
Thu, Apr 28, 2016
VW posted a loss of 1.6 billion euros for 2015 and set aside 16.2 billion euros to cover possible regulatory fines, lawsuits and recall costs so far resulting from the scandal.
VW to offer to buy back nearly 500,000 U.S. diesel cars: sources
Thu, Apr 21, 2016
Volkswagen AG and U.S. officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade U.S. emission rules, two people briefed on the matter said on Wednesday.