Volkswagen has set a date for its annual earnings report and shareholders meeting, having postponed earlier in the year following the emissions scandal. The embattled manufacturer had previously postponed both events, but has now set an April 28 date for the release of its earnings report. Journalists will attend the […]
Volkswagen dieselgate
Ex-Volkswagen boss reportedly warned of cheat devices back in 2014
Reports are surfacing that suggest several executives high up the food chain within Volkswagen, including former CEO Martin Winterkorn, were warned about possible defeat devices as early as 2014, despite having officially denied any knowledge of emissions cheating tools. German newspaper Bild am Sonntag is citing two sources, both “high […]
Volkswagen’s diesel fix rejected by Californian Air Resources
In a striking blow for Volkswagen, the Californian Air Resource Board (CARB) has sent VW a letter detailing the rejection of a proposed fix on the 2.0-litre TDI diesel engines involved in the world-wide dieselgate scandal. Only last week Volkswagen was optimistic about a deal being struck. Now however the […]
Volkswagen global sales for 2015 drop 4.8%, first decline in 11 years
Embattled automotive company Volkswagen Group has suffered its first annual loss in VW-branded vehicle sales in 11 years. Following poor sales in the last quarter of 2015, the German manufacturer reported a drop of 4.8 per cent for 2015, with 5.82 million vehicles sold, down from 6.12 million in 2014. […]
Volkswagen might have to buy back 115,000 cars – report
Volkswagen may have to buy back as many as 115,000 of its defective vehicles, according to a German newspaper investigating the dieselgate scandal. Sueddeutsche Zeitung claims that Volkswagen is facing two choices; either refund 20 per cent of the just-under 600,000 affected diesel models, or offer consumers a massive saving […]
Volkswagen “Das Auto” slogan to be dropped as part of rebuild
As part of a complete company revamp and brand personality shift, following the massive impact of the controversial diesel emissions scandal, Volkswagen will soon drop its “Das Auto” global slogan. The slogan was originally launched in 2007 under the leadership of Martin Winterkorn, Volkswagen’s former CEO who has since been […]
Environmental group leaders sign letter for alternate VW fix
A group of environmentally conscious investors have penned a letter to US authorities, urging them to deal with the Volkswagen emissions case in a alternate, and seemingly more lenient way. Instead of the current fixes to existing vehicles with faulty systems, or monetary penalties, the group has urged the California […]
Volkswagen’s false CO2 emissions affects fewer cars than suspected
Volkswagen is claiming that the number of cars impacted by the CO2 emissions and fuel consumption scandal has been exaggerated, following an internal investigation. The initial estimate of 800,000 vehicles, gathered by Volkswagen and German authorities, has now been reduced to just nine model variants with specific engines. Around 36,000 […]