One of the burrs that needs to be ironed out is Lower Saxony’s influence: not only is the state VW’s second biggest shareholder it is also its home state; Brexit related scenarios are also likely to add to the existing… Read More ›
VW
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 ›
German automakers and lawmakers convene to mitigate pollution
With France and Britain deciding to eventually ban all petrol and diesel vehicles, pressure is building on Germany’s top exporters to tackle long standing issues related to the release of pollutants in the atmosphere. Car executives are set to meet… 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 ›
VW receives thumbs up for its Electrify America plan
Volkswagen AG will be spending $2 billion, across 10 years, to advance the development of electric vehicles in the country, as part of its settlement plans. The California Air Resources Board has unanimously voted to approve the 30 month plan… Read More ›
VW’s diesel cars lacking retrofitting updates will lose registration and be fined
If you own a diesel car from VW’s stables, you are likely to benefit reading this. The owners of Volkswagen vehicles that have been affected by the diesel emissions scandal please perk up and pay attention. The refusal to… Read More ›
Audi recalls 850,000 diesel powered vehicles to update emission software
The recall also covers VW, and Porsche vehicles which share the same engine. Volkswagen’s luxury brand Audi is recalling 850,000 diesel cars to update the vehicle software which control its emissions. The move is strategic since it is aimed at… Read More ›
VW recalls 766,000 vehicles worldwide
The affected vehicle’s brake control systems will be updated. Volkswagen’s spokesman has disclosed the company will be recalling 766,000 vehicles of its core passenger car brand worldwide in order to update its brake control systems. As per the company,… Read More ›
VW in talks with LG Chem for supplying batteries for its Modular Electric Drive project
LG Chem has denied media reports of having signed such a deal and has declined to comment on such rumours. South Korean battery maker LG Chem Ltd has denied media reports of having signed a $6.20 billion (7 trillion won)… Read More ›
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