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Monday, July 22, 2019

Tag: Volkswagen AG

GM’s biggest Chinese ally braces for first annual sales dip

SAIC, Volkswagen and General Motors project 2019 sales will fall by about 7%.

VW Porsche unit accepts US$599 million fine in German diesel probe

Porsche itself never developed diesel engines but its managers failed to properly supervise their use in the vehicles.

Volkswagen’s eGon concept was designed by students, for students

The exterior body panels and interior coverings have been removed on the vehicle to expose the internal technology complete with all the wiring.

BMW profit slumps on weaker markets, US$1.6 billion provision

Excluding the provision, earnings at the carmaker’s main unit fell by 42% to 1.1 billion euros.

VW beats 2018 forecasts amid ‘dieselgate’ fallout

The German carmaker faced enormous costs related to its 2015 diesel cheating scandal, including a one billion euro group-wide fine.

VW straddles old and new with electric buggy, Passat face-off

Volkswagen plans to produce 50 electric car models by 2025 in a step meant to win over consumers.

Volkswagen alleges US House probe fueled by spurned Egyptian

Artoc was the distributor for VW’s Skoda brand in Egypt until late 2016, when Skoda cut ties with Gabr after he refused to sign "a standard importer agreement," according to the letter.

Volkswagen accused of ‘company-wide’ age discrimination in suit

Although the company announced that its policy would be implemented through "natural fluctuations," the automaker instead began purging older workers through coercive practices, Manlove says.

Volkswagen Truck & Bus says no decision yet on listing

If Volkswagen Truck & Bus is listed, the proceeds will go to its parent company Volkswagen AG.

VW supervisory board reconvenes to pick new leader for Audi unit

Talks to appoint Audi sales boss Bram Schot as the unit’s interim chief executive officer following the arrest of Rupert Stadler failed to come to an agreement.

VW agrees to $1.2 billion diesel fine from German prosecutors

Volkswagen assumes responsibility for its actions and accepts the fine, the German automaker said Wednesday in a regulatory filing.