Operating profit at the Volkswagen namesake brand dropped to Euro 363 million ($396 million) from 801 million a year earlier
Europe's biggest automaker needs to come up with savings at high-cost operations in Germany to help fund a shift to electric cars and self-driving vehicles
Savings to help fund a shift to electric cars and self-driving vehicles
VW also agreed to spend up to $5.3 billion to address claims by federal regulators and 44 US states
First sub-four metre compact sedan in the country, has contributed over 50 per cent to Volkswagen's sales in the country in July and August
It aims to streamline internal processes, improve its cost structure and tackle development of the company's strategy and portfolio
Against double-digit growth in passenger vehicle industry in the first five months of FY17, Volkswagen's India sales were down 3%
In Dec last year, German automaker announced the largest ever recall in India following a directive from the department of heavy industries
About 1,400 lawsuits have been lodged at the regional court in Braunschweig near Volkswagen's (VW) Wolfsburg headquarters
This, becessary approvals from the research and testing agency Automotive Research Association of India are still not secured
Volkswagen has pledged billions of euros to compensate owners of VW diesel-powered cars
It will span not only across Volkswagen vehicles but also Skoda and Audi
Volkswagen did not respond to requests for comment. The company can appeal the decision in federal court
The company was sued for intentionally selling more than 57,000 vehicles with software which lied about levels of toxic emissions
The committee also said the uptake of ultra-low emission vehicles such as electric cars was too low to meet Britain's climate targets
Measures against Volkswagen in South Korea came after an extensive probe into the company, which included raids of its offices and the arrest of a company executive
Volkswagen still doesn't have an approved fix for the 562,000 rigged diesel vehicles still polluting US roads
The holdup threatens to reduce Volkswagen's earnings by as much as $45 million a week
Bosch supplied software to VW but has said responsibility for how software is used to regulate exhaust emissions or lies with carmakers
Volkswagen owners in Europe at most get a software update and a short length of plastic tubing