Herbert Diess, CEO of Volkswagen, ceded direct control of the German companys main passenger car brand after clashing with labor unions over production issues affecting two key models.
June 8, 2020VW News Updates
VWs Diesel Woes Mount as EU Court Adviser Attacks Defeat Device
Volkswagen AGs use of technology that helped it to cheat on diesel engine pollution tests violated European Union rules, an EU legal adviser warned in the second setback for the automaker at the blocs highest court this month.
April 30, 2020VW Considers Options for Record $3.6 Billion Dividend
Volkswagen AG is considering whether to pay out a record 3.3 billion-euro ($3.6 billion) dividend as planned, or use at least part of it to shore up its finances for what is shaping up to be the biggest economic crisis since World War II.
April 8, 2020VW Used Defeat Devices in Diesel Engines, UK High Court Rules
A court in the United Kingdom ruled that Volkswagen AG used a so-called defeat device to help its diesel vehicles beat emissions tests, a decision that allows 91,000 customers to proceed with a class action against the carmaker.
April 6, 2020VW Shutters Europe Plants as Pandemic Slams Auto Industry
Volkswagen AG will halt production at its plants in Europe, deepening the economic pain the rapidly spreading coronavirus is inflicting on the struggling car industry.
March 17, 2020VW Faces Production Snarls as Virus Pandemic Hits Car Factories
Volkswagen AGs sprawling operations in Europe are starting to feel the effects of the coronavirus pandemic, as the German carmaker joined peers such as Fiat Chrysler Automobiles NV in winding down output at some of its factories.
March 16, 2020VW CEO Herbert Diess: Radical Overhaul Needed in Technology
Volkswagen AG Chief Executive Officer Herbert Diess told top managers that the worlds largest automaker needs to undergo a radical overhaul in the face of industry change or risk being pushed aside.
January 16, 2020VW Finance Chief Outlines Road Map for $221 Billion Ambition
Days before production starts on Volkswagen AGs cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double its market value and gain investor recognition for the industrys most ambitious technology push.
October 28, 2019Volkswagen to Pay Up to $87 Million in Australia for Scandal
CANBERRA, Australia Volkswagen has agreed to pay up to 127 million Australian dollars ($87 million) to settle an Australian class action stemming from the 2015 diesel emissions scandal, the German automaker and a lawyer said Sept. 16.
September 16, 2019VW Piles Into Crowded Car-Sharing Market With All-Electric Fleet
Volkswagen AG will dive into the increasingly crowded car-sharing market with its WeShare offering, which will seek to distinguish itself from rivals with an electric-only fleet.
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