There are indications that antitrust rules may have been violated, and the raids were conducted to investigate the facts, Kay Weidner, spokesman for the Federal Cartel Office, said in an e-mailed statement on Tuesday. He declined to identify any company. Volkswagen AG, BMW AG, Daimler AG and Robert Bosch GmbH were among six companies raided […]
2015 Volkswagen e-Golf Enlarge Tag Heuer Replica WatchesPhoto Volkswagen Group CEO Matthias Müller last week announced an all-encompassing strategy that will see the automaker through the next 10 years and hopefully leave behind any lingering thoughts of the recent emissions cheating scandal, which incidentally VW is close to settling in the United States. The new […]
Download: VW’s Checks Aren’t the End of Dieselgate: View (Audio) Bloomberg View presents an editorial arguing that regulators in the U.S. and Europe need to redouble efforts to end all varieties of emissions test-gaming in the auto industry. This editorial aired on Bloomberg Radio. Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE
As part of the deal, VW will pay $2 billion over 10 years to promote clean cars such as those powered by hydrogen and electricity. To mitigate pollution created by the cheating cars, the company also will pay $2.7 billion over three years that will, in part, be used to give incentives to replace polluting […]
Last week, we reported that Volkswagen’s buybacks, customer make-good payments, and federal and state fines could add up to a $10 billion price tag. Today, sources tell Automotive News that the number is likely closer to $15 billion. The updated estimate comes just one day before the automaker is set to file its settlement in a […]
Volkswagen AG’s price tag to settle lawsuits in the U.S. over its rigging of diesel emissions tests has jumped to more than $15 billion — $5 billion more than previously reported — on the eve of a settlement to be filed Tuesday in a San Francisco court. Under the deal, VW will set aside up […]
Poetsch received a tongue-lashing from investors for his shift last year from chief financial officer to the head of the supervisory board, which has oversight over top management. Underscoring the sour mood, some investors asked to have Stephan Weil, Lower Saxony premier and VW board member, take over the meeting. The motion was turned down. […]
Remarkably, it appears almost unchanged from its early Nineties pastel-and-tweed “extreme” configuration. Most shorty VWs rely on the reduction in wheelbase as wow factor enough, but this 1971 Volkswagen Beetle for sale on Hemmings.com used a cut-n-shut as the launchpad for a whole transformation into a doorless roadster kinda like a dune buggy but without […]
YourMechanic, a service that connects vehicle owners with certified mechanics who make house calls, used its own database of service records to analyze which cars break down the most and have the highest maintenance costs. MOUNTAIN VIEW, California — The Toyota Prius is the least expensive car model to maintain over a 10-year period and […]
This revolving door of cool cars worked well — right up until I turned 16 and my parents opted instead for a Dodge Caravan. And thus began my curse. There’s nothing that stings your manhood quite like rolling up to a date’s house in something with sliding doors. Growing up, I was lucky to be […]
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