Volkswagen's ex-CEO Martin Winterkorn may get 60 mn euros in payouts
Martin Winterkorn may have resigned from the chief executive job at Volkswagen in ignominious circumstances as a pollution cheating storm engulfs the company, but he can still hope to get 60 million euros in payout, according to company regulations.
Sep 24, 2015, 19:11 PM IST
Volkswagen seeks new CEO as pollution scandal spreads
Auto giant Volkswagen searched Thursday for a new chief to steer it out of a global pollution cheating storm, as suspicions over diesel car emissions spread for the first time to fellow German manufacturer BMW.
Sep 24, 2015, 17:01 PM IST
Volkswagen to start firings over emissions scandal
Volkswagen will start firing people responsible for rigging U.S. emissions tests and shake up management on Friday, two sources familiar with the plans said, as the German carmaker tries to get to grips with the biggest scandal in its 78-year history.
Sep 24, 2015, 16:26 PM IST
Volkswagen says 11 million cars hit by scandal, probes multiply
Volkswagen AG said a scandal over falsified US vehicle emission tests could affect 11 million of its cars worldwide as investigations of its diesel models multiplied, heaping fresh pressure on CEO Martin Winterkorn.
Sep 23, 2015, 09:42 AM IST
Volkswagen faces US criminal probe on cheating scandal: Source
The United States has opened a criminal investigation into Volkswagen, which has admitted almost 500,000 of its cars in the US have a clean-air cheating device, a source close to the probe told AFP Tuesday.
Sep 22, 2015, 21:54 PM IST
Volkswagen says 11 million cars have pollution cheating device
German auto giant Volkswagen revealed Tuesday that 11 million diesel cars worldwide are equipped with devices that can cheat pollution tests, a dramatic expansion of a scandal that immediately sent its shares plummeting by another 20 percent.
Sep 22, 2015, 17:26 PM IST
Berlin to probe whether VW, others falsified emissions data in Germany
The German government asked carmakers for information on Monday to ascertain whether they were involved in falfsifying car emissions data, as Volkswagen has admitted to doing in the United States.
Sep 21, 2015, 19:10 PM IST
Volkswagen says to halt sales of VW, Audi diesel cars in US
The models concerned accounted for 23 percent of VW brand cars sold in the United States in August. Between January and August, the group sold nearly 240,000 cars in the US.
Sep 21, 2015, 18:57 PM IST
Suzuki Motor says it will buy back VW stake as court settles feud
Japan`s Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the German automaker to sell its holding.
Aug 31, 2015, 09:16 AM IST
MAN Diesel & Turbo acquires MaxWatt Turbines
MAN Diesel & Turbo SE, a wholly owned subsidiary of MAN SE (part of Volkswagen AG) today said it has acquired 100 percent shares of engineering firm MaxWatt Turbines Pvt Ltd.
Jun 29, 2015, 18:14 PM IST
Volkswagen chairman Piech resigns after dispute over CEO
Ferdinand Piech, chairman of the board of Volkswagen AG and a major figure in the German auto industry, has stepped down after clashing with other board members over his criticism of the company's CEO.
Apr 26, 2015, 08:05 AM IST
Automakers race to double the driving range of affordable electric cars
At least four major automakers — General Motors Co , Ford Motor Co , Nissan Motor Co Ltd and Volkswagen AG — plan to race Tesla.
Mar 25, 2015, 09:25 AM IST
VW unveils multi-billion auto investments through next five years
Volkswagen AG is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.
Nov 21, 2014, 19:51 PM IST
Tata, Volkswagen, others agree to invest $1.9 bn in India
The investments would be made under the state government`s industrial project policy.
Aug 28, 2014, 20:57 PM IST
China to fine Audi $40 million for breaking monopoly law
China will fine German premium auto brand Audi around 250 million yuan (USD 40.63 million) for violating anti-monopoly laws, the 21st Century Business Herald, an influential business daily, reported on Thursday.
Aug 14, 2014, 09:20 AM IST
