VW's deep political ties in Germany seen as a key asset

Oct. 3, 2015 06:01 CET

At VW Group, political connections come already fitted. The company's political and economic power -- about a third of VW's almost 600,000 positions are in Germany -- ensures the scandal engulfing VW is too big a threat to national prosperity for the government to be a neutral observer.... Read More »

VW's new chairman: Emissions crisis a threat to our 'existence'

10:19 am U.S. ET | Oct. 3, 2015

Hans Dieter Poetsch, the incoming chairman of Volkswagen AG, sees the global scandal around the rigging of emissions tests as a threat to the company's viability, albeit a surmountable one, a newspaper reported.... Read More »

EPA: Post-VW emissions scrutiny the new normal

7:09 pm U.S. ET | Oct. 2, 2015

The tougher auto emission tests that U.S. regulators adopted in the wake of Volkswagen's violations with diesel engines are permanent and could lead to more regulations down the road if more problems surface, a senior EPA official said Friday.... Read More »

The Japanese emissions equipment maker that humbled VW

12:01 am U.S. ET | Oct. 2, 2015

Horiba, an obscure Japanese manufacturer that makes about 70 percent of the world's auto emissions testing systems, played a key role in uncovering violations that promise to dog Volkswagen for months to come.... Read More »

VW turns to insiders to probe, recover from emissions violations

12:19 pm U.S. ET | Oct. 2, 2015

Volkswagen AG will rely on a small group of company insiders to lead its recovery from a diesel-emissions scandal that's left regulators, investors and 11 million customers still awaiting answers two weeks after it disclosed violations of U.S. environmental laws.... Read More »


BLOG: Old Auto scandals create opening for New Auto

3:23 pm U.S. ET | Oct. 2, 2015

Facing a rising tide of disruptors, Old Auto desperately needs to stop being its own worst enemy.... Read More »

California to launch separate VW emissions probe, report says

6:42 am U.S. ET | Oct. 2, 2015

California plans to conduct its own probe of Volkswagen in the widening fallout from the company’s admission that 11 million of its diesel vehicles use software to cheat emissions tests, a person familiar with the matter told Bloomberg.... Read More »

Schaeffler pushes ahead with IPO amid VW scandal

Oct. 2, 2015 13:31 CET

Schaeffler Group is sticking to plans for an initial public offering, shrugging off the market turbulence prompted by the Volkswagen Group diesel scandal. VW Group is the part supplier's biggest customer.... Read More »


Berlin says no signs carmakers other than VW manipulated tests

Oct. 2, 2015 12:56 CET

The German transport ministry has no indications that any carmakers other than Volkswagen have manipulated emissions tests, a spokesman said today. Separately, authorities in France, Italy and Switzerland took further action again the automaker.... Read More »

U.S. sales rise 16% on double-digit gains at Detroit 3, Nissan, Toyota, Honda

8:00 am U.S. ET | Oct. 1, 2015

U.S. light-vehicle sales, propelled by Labor Day promotions, fatter deals throughout the month, low gasoline prices and higher light-truck demand, rose 16 percent in September on double-digit gains at the Detroit 3, Toyota Motor, Nissan Group and Honda Motor. The seasonally adjusted annual sales rate surged to 18.17 million.... Read More »


BLOG: Look again: VW dropping but industry is rocking

5:45 pm U.S. ET | Oct. 1, 2015

Take wandering Labor Day out of the sales equation and look at August and September as a single period. No brand was as bad as it looked in August, or as good as it looked in September, especially Volkswagen.... Read More »

VW's Horn to face U.S. House panel over emissions violations

6:38 pm U.S. ET | Oct. 1, 2015

Volkswagen of America CEO Michael Horn will go before a U.S. House panel next week to answer questions from lawmakers about the company's violations of U.S. diesel emissions rules.... Read More »


VW scandal may force faster EU move to tougher emissions tests, Spain minister says

Oct. 1, 2015 16:16 CET

Spanish Industry Minister Jose Manuel Soria said the EU should consider accelerating a plan to toughen car-pollution tests after VW Group admitted to rigging diesel engines to bypass emission controls.... Read More »

EPA says recall of VW diesel cars 'likely'

2:31 pm U.S. ET | Oct. 1, 2015

The EPA said today that a recall of affected Volkswagen diesel cars in the ongoing emissions scandal would "likely" take place.... Read More »

Scandal-plagued VW brand ekes out gain

12:45 pm U.S. ET | Oct. 1, 2015

Volkswagen of America finished a scandal-ridden month with roughly flat U.S. sales, defying forecasts that a mid-month halt to diesel vehicle sales and a black eye to its brand image would hammer its September results.... Read More »

Mazda’s diesel dreams for U.S. in doubt after VW scandal

1:21 pm U.S. ET | Oct. 1, 2015

Mazda's plans to introduce a diesel car in its most important market risk falling further behind schedule after Volkswagen AG flouted U.S. rules and unleashed global regulatory scrutiny on the technology.... Read More »

Winterkorn remains in four key VW posts

12:50 pm U.S. ET | Oct. 1, 2015

Martin Winterkorn, the former boss of Volkswagen who quit last week saying he wanted to give the German carmaker a "fresh start" to tackle a scandal over rigged vehicle emissions tests, remains in four key positions involved with the group.... Read More »

Volkswagen expects emissions investigation to take months

11:36 am U.S. ET | Oct. 1, 2015

Volkswagen expects it will need at least several months to get to the bottom of the rigging of emissions tests on its diesel vehicles, which has turned into the biggest business crisis in its 78-year history.... Read More »


BMW says emissions manipulation software is a 'no-go'

Oct. 1, 2015 16:18 CET

BMW's development chief has echoed rival automakers Daimler and Volvo in saying that the so-called "defeat device" that VW Group used to cheat U.S. diesel-emissions tests was a “no-go” at his company, adding that BMW has control systems to ensure such manipulation never occurs.... Read More »


VW's workforce feels effects of emissions scandal

Oct. 1, 2015 15:17 CET

VW Group's global workforce of 600,000 employees is starting to feel the effects of the diesel-emissions scandal as the carmaker cuts spending, drops shifts and freezes hiring in anticipation of fines, recalls and a drop in U.S. sales.... Read More »


Romania to recall VW Group cars, review emissions taxes

Oct. 1, 2015 15:11 CET

Romanian dealerships will recall new and used cars involved in the VW Group diesel-emissions scandal for repairs after the German transport ministry sends its Romanian counterpart an action plan on Oct. 7, Romania's transport minister said.... Read More »


German prosecutors backtrack on Winterkorn's role in VW probe

Oct. 1, 2015 10:44 CET

German prosecutors have been forced to backtrack in their probe of former VW Group CEO Martin Winterkorn. They now say there must be "concrete facts" before an investigation begins into the executive amid accusations of fraud at the automaker connected to cheating on U.S. emissions tests.... Read More »

VW damaged trust in auto industry, Japan car group chairman says

6:07 am U.S. ET | Oct. 1, 2015

VW compromised consumer trust in the auto industry by equipping its diesel engines with software that cheated emissions tests, the chairman of Japan’s car manufacturers’ trade group said.... Read More »

VW seeks to boost finances to meet emission scandal costs

8:22 am U.S. ET | Oct. 1, 2015

Volkswagen is looking at ways to cut costs and boost cash flow and could sell more shares if the price of clearing up a scandal over its rigging of diesel emissions tests puts its credit rating at risk.... Read More »


VW could face fines in Australia, sales halt in S. Korea

Oct. 1, 2015 11:42 CET

VW Group could face millions of dollars in fines in Australia and the suspension of sales in South Korea in the wake of the automaker's admission that it used emissions-cheating software in 11 million vehicles worldwide.... Read More »

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