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German carmaker Volkswagen has confirmed it’ll hold more talks with two suppliers of components.
Italy’s antitrust regulator has fined Volkswagen 5 million euros for its Dieselgate software manipulation. VW has admitted to installing software to circumvent pollution standards in millions of diesel cars.
German carmaker Volkswagen has reported a rise in sales and operating profit, indicating the company’s dieselgate legacy is manageable. The firm also set aside more money to cover future litigation costs.
Diesel emissions scandal? Lawsuits, fines, turmoil at headquarters? Whatever. VW Group sold more cars and light trucks than any other carmaker in the first half of 2016, ahead of close rivals Toyota and General Motors.
Investors have delved into VW shares after the embattled carmaker forecast a higher-than-expected operating profit, shrugging off news the company booked another huge charge for its emissions-cheating scandal.
California’s Air Resources Board has rejected Volkswagen’s (VW’s) plan for recalling thousands of 3-liter diesel vehicles, posing a new challenge for the German carmaker to settle its emissions cheating scandal.
At its first shareholder meeting since its pollution scandal broke last September, managers at German carmaker VW are girding for tough questions from investors. Fresh accusations and probes are an added irritation.
VW shareholders have grown frustrated with the state of the internal investigation into the emissions cheating scandal. Some are set to call for a new court-ordered probe at next week’s shareholders meeting.
Fallout from Volkswagen’s so-called Dieselgate scandal continues as German authorities investigate a company employee suspected of having destroyed proof that the carmaker cheated on emissions tests for its diesel cars.
Officials from German carmaker Volkswagen have announced a major investment in ridesharing company Gett, saying the deal of strategic importance. VW expects brisk business in this market segment.