Canadian prosecutors propose $196.5 million fine against Volkswagen for diesel violations

(Reuters) – Prosecutors in Canada on Wednesday proposed a $196.5 million (CAD) ($258.3 million) fine against Volkswagen AG (VOWG_p.DE) after the company pleaded guilty to dozens of counts of diesel emissions violations, a company spokesman confirmed. Volkswagen was charged in December with importing nearly 128,000 vehicles into Canada violating emissions standards. VW pleaded guilty after being charged with 60 counts […]

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Volkswagen posts record sales numbers in fight for top automaker crown

Electric vehicles to be 10% of market by 2025: Volkswagen America CEO FOX Business’ Jeff Flock is with Volkswagen of America CEO Scott Keogh at the Los Angeles Auto Show discussing the company’s move into electric cars and Trump’s apparent reluctance to impose new tariffs on European-made goods. FRANKFURT, Germany (AP) — Volkswagen has announced record annual sales that could […]

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Volkswagen's 2019 vehicle deliveries slightly above 2018

FRANKFURT (Reuters) – Volkswagen Group (VOWG_p.DE) said on Thursday its vehicle deliveries last year were slightly above the previous year’s level, revising up an earlier forecast which predicted 2019 sales would be level with the year before. In 2018, the multi-brand car and trucks maker, which owns the Scania, MAN, Lamborghini, Skoda, Audi, Porsche and Bugatti brands, delivered 10.8 million […]

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Volkswagen headquarters raided again over diesel scandal

FRANKFURT (Reuters) – German public prosecutors raided the Wolfsburg headquarters of Volkswagen (VOWG_p.DE) on Tuesday in the latest investigation into the carmaker’s diesel emissions scandal. Prosecutors said investigators aimed to confiscate documents. Volkswagen, which admitted in 2015 to cheating U.S. emissions tests on diesel engines, said it was fully cooperating with the authorities, but viewed the investigation as unfounded. Volkswagen […]

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Volkswagen introduces its new electric hatchback

London (CNN Business)Volkswagen has paused a planned $1.4 billion investment in Turkey as a result of the country’s military offensive in Syria. The world’s largest carmaker, which operates 122 production plants around the world, had been preparing to take a final decision on a factory planned for Turkey’s western Manisa province. “The decision for the new plant was adjourned by […]

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Volkswagen says it is not interested in buying a Tesla stake

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Thursday denied a media report which suggested that the German carmaker was interested in buying a stake in United States electric car manufacturer Tesla. “The speculation about buying a stake in Tesla made by Manager Magazin is without merit,” a Volkswagen spokesman said in a written statement to Reuters. Source: Read Full Article

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Volkswagen Joins Blockchain-powered Responsible Minerals Sourcing Group

German car maker Volkswagen Group joined an industry consortium that will use blockchain technology for the responsible sourcing of strategic minerals which are used in the production of vehicles. The members can contribute and access immutable data in a secure and permissioned way to trace and record the flow of minerals across the supply chain in near real-time. Other members […]

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Volkswagen India rolls out one-millionth car

Volkswagen India Pvt. Ltd. rolled out the one-millionth car from its Pune assembly line on Friday. The celebratory car, the made-for-India Volkswagen Carbon Steel Ameo, was rolled out in presence of the company’s managing director Gurpratap Boparai, its director Steffen Knapp, the top management and some of the oldest employees, who have been part of the production department at the […]

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