Environmental groups say particulate matters in diesel emissions in the majority of German cities exceed the EU threshold. On Thursday, Germany’s highest administrative court in Leipzig is set to decide on the fate of the 15 million diesel vehicles that… Read More ›
Volkswagen
Rupert Stadler, head of VW’s Audi, is likely to be replaced by Winfried Vahland in April 2018
The change in CEO comes midst German prosecutors widening their enquiry into the diesel emissions scandal. On Friday, Bild, a German business daily has reported, the CEO of Audi, Volkswagen’s luxury brand, Rupert Stadler, is most likely to be replaced… Read More ›
Volkswagen turns to Apple for design of its EVs
Volkswagen wants its electric vehicles to be the apple of the consumer’s eyes. Volkswagen, Europe’s biggest carmaker is now turning to U.S. tech giant Apple for guidance on how to style its new generation of electric cars, said VW’s top… Read More ›
Swiss consumer protection organisation files claim on Volkswagen and AMAG over dieselgate scandal
Both Volkswagen and AMAG have said, prima facie, there was no grounds for the complaint since, industry experts had not been able to establish any significant loss of value for VW diesel vehicles on the Swiss market. In yet another… Read More ›
Volkswagen upbeat on its fourth quarter results
Matthias Mueller, the CEO of the VW group stated he expects the group’s operational profit for the fourth quarter to be outstanding. Despite overwhelming odds, Europe’s largest carmaker Volkswagen is slated to report excellent results, much of which can be… Read More ›
Leaving behind its 2015 diesel emission sandal, VW pushes for personal transport services
This strategic move marks Volkswagen’s push into transportation as a service. On Monday, in a strategic move, Volkswagen has unveiled an all-electric minibus which targets urban customers who prefer to pay for transportation rather than own their own vehicles. The… Read More ›
Volkswagen’s Financial Services division launches HeyCar to tap Germany’s burgeoning used-car market
Unlike its competitors, consumers will not have to see advertisements on HeyCar while searching for the best deals in the used car market in Germany. On Thursday, Volkswagen’s Financial Services division stated, having created an online platform, dubbed HeyCar, it… Read More ›
Munich prosecutors arrest the former head of R&D at Porsche marking the first arrest in Germany following VW’s diesel emission scandal
While Wolfgang Hatz’s personal premises were searched by prosecutors in Germany, corporate locations were not part of the raid. As per a source familiar with the matter at hand, prosecutors from Munich have arrested a former member of Porsche board… Read More ›
Eicher Motors place $1.8 to $2 billion binding bid for Ducati
Companies in the race to acquire Ducati include Indian automaker Bajaj Auto Ltd and Harley Davidson. With Germany’s Volkswagen Group putting up its motorcycle brand Ducati up on the block, U.S. motorcycle maker Harley Davidson and Indian automaker Bajaj Auto… Read More ›
Audi’s $12 billion cost cutting program to help it fund its forray into EVs
As it pushes to surge ahead leaving dieselgate behind, Audi is streamlining its operations through a cost cutting program. As per sources close to Audi, the carmaker is aiming to cut $12 billion (10 billion euros) as cost cutting measures,… Read More ›