Volkswagen’s reputation has headed in the same direction BP’s did after the Deepwater Horizon disaster. The VW diesel engine cover-up has triggered recalls of what likely will be millions of cars around the world. The company already has set an $18 billion reserve because of the scandal. In 24/7 Wall St.’s recently published Companies With the […]
Volkswagen presents the innovative concept BUDD-e, which is based on the Modular Electric Drive Kit (MEB) and is the next big step for electric vehicles, at the CES in Las Vegas. The Chairman of the Board of Management of the Volkswagen brand, Dr. Herbert Diess, said in front of 2300 visitors to the show, that […]
Volkswagen intentionally installed software in nearly a half-million diesel vehicles that helped the cars evade substandard results on emissions tests, the federal government charged Friday. The Environmental Protection Agency issued a notice of violation to the German automaker, saying the company’s software broke the law by violating two provisions in the Clean Air Act. Circumventing […]
Volkswagen Group expands production capacity in China – Jul 08, 2014– Peking, China (AutoRreleased) – In the presence of German Chancellor Angela Merkel and Chinese Premier Li Keqiang, Prof. Dr. Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft and President and CEO of Volkswagen Group China, today signed a joint declaration for two […]
