Volkswagen

BRUSSELS | EU investigates German carmakers for possible collusion

BRUSSELS — European Union regulators have opened an in-depth investigation into whether automakers BMW, Daimler and Volkswagen colluded to limit the development and roll-out of car emission control systems. The EU Commission said Tuesday that it had received information that BMW, Daimler, Volkswagen, and VW units Audi and Porsche held meetings to discuss clean technologies … Continue reading BRUSSELS | EU investigates German carmakers for possible collusion

DETROIT | VW to stop making iconic Beetle next summer

DETROIT — After selling it on and off in the U.S. for nearly seven decades, Volkswagen has decided to squash its iconic Beetle. The company’s American unit announced Thursday that it would end global production of the third-generation bulbous bug in July of next year after offering two special editions for sale. The compact Beetle … Continue reading DETROIT | VW to stop making iconic Beetle next summer

FRANKFURT, Germany | Trial begins in $10B investor lawsuit against Volkswagen

FRANKFURT, Germany — Trial proceedings have begun in the lawsuit brought against Volkswagen by investors alleging the company did not give them timely notice of its scandal over cars rigged to cheat on diesel emissions tests. Investors are seeking almost 9 billion euros ($10.4 billion), saying Volkswagen didn’t give them the information they needed to … Continue reading FRANKFURT, Germany | Trial begins in $10B investor lawsuit against Volkswagen

FRANKFURT, Germany | Monitor urges more openness at Volkswagen in wake of scandal

FRANKFURT, Germany — The official overseeing Volkswagen’s court settlements in its diesel scandal says he is pushing back against the company’s withholding of information under confidentiality rules. Larry Thompson said he has disagreed with Volkswagen’s use of attorney-client privilege to delete information from documents submitted to him. Thompson, a former deputy U.S. attorney general, make … Continue reading FRANKFURT, Germany | Monitor urges more openness at Volkswagen in wake of scandal

FRANKFURT, Germany  | Volkswagen sees profit rise but warns on trade disputes

FRANKFURT, Germany  — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins, but warned that “growing protectionism” is a threat to the globally connected car industry. The automaker based in Wolfsburg, Germany, said Wednesday that profit increased 6.8 percent to 3.31 billion ($3.85 billion) euros, despite a charge … Continue reading FRANKFURT, Germany  | Volkswagen sees profit rise but warns on trade disputes

FRANKFURT, Germany | Volkswagen profit rises 6.8 percent despite diesel costs

FRANKFURT, Germany — Volkswagen says its profits rose 6.8 percent in the second quarter compared to the year-earlier quarter despite 1.6 billion euros ($1.9 billion) in charges for its diesel problems. The Wolfsburg, Germany-based automaker said Wednesday that profit rose to 3.31 billion euros from 3.10 billion a year earlier. Revenues rose 3.4 percent to … Continue reading FRANKFURT, Germany | Volkswagen profit rises 6.8 percent despite diesel costs

FRANKFURT, Germany | Profit slips at Volkswagen after accounting change

FRANKFURT, Germany — Profits have slipped at automaker Volkswagen in the first quarter due to a change in accounting rules, but sales increased and the company recorded no significant additional losses from its diesel emissions scandal. Net profit fell 2 percent to 3.3 billion euros on sales that rose 4 percent to 58.2 billion euros. … Continue reading FRANKFURT, Germany | Profit slips at Volkswagen after accounting change

Volkswagen: We’ll buy your diesel back if it’s banned

FRANKFURT, Germany/March 29, 2018 (AP)(STL.News)— Volkswagen is trying to reassure German customers worried about the future of their diesel cars by telling them they can trade in their new diesel if it is banned from the road by cities trying to meet air pollution limits. The company said Thursday that the guarantee applies to new … Continue reading Volkswagen: We’ll buy your diesel back if it’s banned