Volkswagen
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Volkswagen reached the broad outlines of a settlement with Martin Winterkorn on dieselgate scandal
Jun 6, 2021Volkswagen on Sunday said it had reached the broad outlines of a settlement with former boss Martin Winterkorn over his role in the dieselgate scandal, with the final details to be thrashed out over coming days.... -
VW to use Microsoft’s cloud computing services to develop self-driving cars
Feb 11, 2021Volkswagen AG on Thursday said it will use Microsoft Corp’s cloud computing services to help it streamline its software development efforts for self-driving cars. Volkswagen, which owns brands such as Audi and Porsche, is working on... -
Volkswagen to demand boost to Europe chip sector
Feb 4, 2021Europe needs to stump up cash to boost its chip industry, a board member of the continent’s largest carmaker Volkswagen said, pointing to a global semiconductor shortage that has highlighted dependence on foreign players. “We won’t... -
Volkswagen to draw up plans to set up Lamborghini
Oct 1, 2020Volkswagen is drawing up plans to set up Lamborghini as a more independent unit, and is discussing long-term supply deals that could make it easier to list it on the stock exchange, two sources familiar with... -
VW expects a slight growth in China’s premium car segment
Jul 17, 2020Germany’s VW is expecting a slight growth in China’s premium car segment in 2020 despite a slide in broader market sales, a senior executive said. Volkswagen Group’s China chief, Stephan Woellenstein, made the remarks to reporters... -
Volkswagen to shut down factories across Europe due to the spread of coronavirus
Mar 17, 2020Volkswagen Group will suspend production this week at plants in Italy, Portugal, Slovakia and Spain and is preparing to shut down the rest of its factories across Europe due to the spread of coronavirus, its CEO... -
Volkswagen slapped with a record fine by Australia over the carmaker’s global emissions scandal
Dec 21, 2019Volkswagen (VW) has been slapped with a record fine by Australia’s consumer watchdog to settle lawsuits over the carmaker’s global emissions scandal. The A$125m ($86m; £66m) penalty is the highest ordered by a court for breaches... -
Volkswagen’s German plants need to boost efficiency to match overseas operations, says production chief
Dec 8, 2019Volkswagen’s German plants need to boost efficiency to match overseas operations, production chief Andreas Tostmann was quoted as saying, targeting 2 billion euros ($2.2 billion) in savings by 2023. German carmakers, including Volkswagen’s Audi brand, have... -
German prosecutors indict top Volkswagen bosses over emissions scandal
Sep 24, 2019German prosecutors are pressing criminal charges against the CEO, chairman, and a former CEO of Volkswagen saying they intentionally delayed telling investors about the carmaker’s cheating of U.S diesel emissions tests. Prosecutors in the city of... -
Volkswagen reported steady operating profit and rising revenues in 2018
Feb 23, 2019German car giant Volkswagen on Friday reported steady operating profit and rising revenues in 2018, but said its “dieselgate” emissions cheating scandal again inflicted one-off costs of 3.2 billion euros ($3.6 billion). Operating profit inched up...
