Volkswagen has overtaken Toyota to become the world’s best-selling carmaker, the first time the German company has held the position. Japan’s Toyota, which had topped sales for the past four years, sold 10.175 million vehicles globally in 2016. That fell short of the 10.31 million sales which VW reported last week. The milestone comes despite … Read more
Volkswagen has overtaken Toyota to become the world’s best-selling carmaker, the first time the German company has held the position. Japan’s Toyota, which had topped sales for the past four years, sold 10.175 million vehicles globally in 2016. That fell short of the 10.31 million sales which VW reported last week. The milestone comes despite … Read more
Volkswagen AG’s (VOWG_p. DE) dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal. U.S. District Judge Charles Breyer said the 650 U.S. dealers would be paid over 18 months, ruling the settlement “fair, reasonable, and adequate.” VW also agreed … Read more
Shares in German carmakers BMW (BMWG. DE), Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) fell after United States President-elect Donald Trump warned he will impose a border tax of 35 percent on vehicles imported from abroad to the U.S. market. All three carmakers have invested heavily in factories in Mexico, where production costs are lower than the … Read more
Volkswagen has agreed to plead guilty to U. S. charges it cheated on diesel emissions tests for a decade, accepting the largest fine on an automaker ever, while a federal grand jury indicted six former VW executives for involvement in the conspiracy. Five of the six former Volkswagen executives are in Germany and it is … Read more
A U. S. judge on Thursday ordered a Volkswagen executive charged in the Justice Department’s diesel emissions investigation held without bail pending trial. Oliver Schmidt was arrested Saturday at Miami’s International Airport as he planned to fly home after a vacation. He was one of six current and former VW executives charged this week in … Read more
Volkswagen has agreed a draft $4.3bn (£3.5bn) settlement with US authorities over the emissions-rigging scandal. The German car maker also said it would plead guilty to breaking certain US laws. VW said it was in advanced discussions with the Department of Justice and US Customs about the deal. The final agreement has yet to be … Read more
German car giant Volkswagen has said it sold a record 10.3 million vehicles worldwide last year, despite the continued impact of 2015’s emissions cheating scandal. The VW group saw sales increase by 3.8% in 2016, making it likely that the firm will overtake Toyota as the world’s biggest carmaker by volume. The sales figures include … Read more
A British law firm has launched legal action against Volkswagen (VOWG_p. DE), seeking thousands of pounds of compensation each for UK drivers affected by the carmaker’s emissions scandal. The German company is involved in lawsuits in several countries and is racing to resolve criminal and civil allegations with the United States’ Department of Justice after … Read more
German vehicle maker Volkswagen (VW) officially unveiled its production facility in Kenya as it strengthens its presence in emerging markets. During the inauguration of the assembly plant in the East African country, VW showcased its first locally assembled passenger vehicle, dubbed Polo Vivo. The plant is expected to produce cars for Kenya as well as … Read more
Volkswagen has struck a deal with the US authorities over some 80,000 VW, Audi and Porsche cars with 3-litre diesel engines. The agreement is another step towards allowing the German car maker to put the emissions cheating scandal behind it. In June VW agreed to a $15bn (£12.1bn) settlement for another 475,000 vehicles affected by … Read more
Automaker Volkswagen said Friday it will shed 30,000 jobs to cut costs as it tries to recover from its diesel emissions scandal and invests more in electric-powered vehicles and digital services. Company officials said at a news conference at headquarters in Wolfsburg, Germany, that 23,000 of the job cuts will come in Germany. It said … Read more
Volkswagen is cutting 30,000 jobs over the next three years as it tries to boost profits in the wake of a huge emissions scandal. Europe’s largest automaker said Friday the cuts were needed to reduce costs as it works to overhaul its plants in Germany. The vast majority of the job cuts — 23,000 — … Read more
Volkswagen on Friday announced the biggest revamp in its history, cutting 30,000 jobs in a huge savings plan to help it recover from the dieselgate emissions cheating scandal. The deal, agreed with labour representatives after months of tortuous negotiations, will lead to annual savings of 3.7 billion euros ($3.9 billion) by 2020, VW brand chief … Read more
Passenger car sales in China, the world’s biggest auto market, will grow nearly 13 percent this year from a year earlier, data from an industry association showed Tuesday. Judging from this year’s sales trend, sales of passenger and commercial vehicles will increase 10 to 12 percent year on year, according to China Passenger Car Association. … Read more
Listen to the lyrics of Enufo Nsu (Prod. by Willis Beatz)and download the mp3 track for the newly released track titled: Enufo Nsu (Prod. by Willis Beatz). Day Works Entertainment presents the official debut single from Italy based Ghanaian rapper, Bronzy. He calls this one Enufo Nsu which was produced by the OilCity based producer, … Read more
Car giant Volkswagen says German prosecutors have expanded their probe of the emissions scandal to include the firm’s chairman of the board. Hans Dieter Poetsch was chief financial officer when the scandal over cars rigged to cheat on US diesel emissions tests broke in September 2015. VW said prosecutors in Braunschweig were investigating two members … Read more
Volkswagen AG (VOWG_p. DE), in another step to move past its costly diesel emissions cheating scandal, has agreed to pay $175 million to U.S. lawyers suing the German automaker on behalf of the owners of 475,000 polluting vehicles, two people briefed on the agreement said on Friday. In August, the lawyers in the class action … Read more
Ricardo Rodriguez has claimed God wanted him to stay at Wolfsburg. The Swiss left-back was linked with clubs from all over Europe, including Barcelona, Manchester City and Arsenal, but remained in the Bundesliga. According to Rodriguez, it was not Wolfsburg’s asking price that blocked a move. “I guess it was just meant to be this … Read more
South Africa has signed a deal with Kenya to assemble vehicles in Thika, President Uhuru Kenyatta has announced Wednesday. This follows an agreement allowing the German automaker to use the Kenya Vehicle Manufacturers (KVM) facility in Thika to assemble its popular models beginning with the Volkswagen Vivo. The country’s first fully-assembled Vivo is expected to … Read more