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Page 24 - Volkswagen

Volkswagen rolls out first Ameo from Pune plant

The German company has invested Rs 720 crore to make the sub-4 meter car

Volkswagen rolls out first Ameo from Pune plant
Updated On : 25 May 2016 | 5:51 PM IST

Volkswagen India kicks off production of all new Ameo

This marks company's entry into compact sedan segment

Volkswagen India kicks off production of all new Ameo
Updated On : 25 May 2016 | 5:31 PM IST

VW emissions scandal: US judge cites progress toward settlement

The automaker reportedly was "on track to meet the court deadline" of June 21 for a deal with the govt and car owners who sued them for billions of dollars

VW emissions scandal: US judge cites progress toward settlement
Updated On : 25 May 2016 | 6:24 AM IST

Volkswagen takes $18 billion hit over emissions scandal

The news came amid growing signs a regulatory clampdown in the wake of VW's cheating is affecting the broader industry.

Volkswagen takes $18 billion hit over emissions scandal
Updated On : 23 Apr 2016 | 12:52 PM IST

Volkswagen to freeze 30% of executive bonuses

But the money could be paid out three years later in 2018

Volkswagen to freeze 30% of executive bonuses
Updated On : 23 Apr 2016 | 12:50 AM IST

VW posts loss in 2015 after taking 16.2-bn euro hit on emissions scandal

Company in September admitted cheating on emissions tests for 11 million vehicles worldwide since 2009

VW posts loss in 2015 after taking 16.2-bn euro hit on emissions scandal
Updated On : 22 Apr 2016 | 8:02 PM IST

Volkswagen to offer to buy back nearly 500,000 US diesel cars: Sources

As part of the settlement with US authorities, the carmaker has also agreed to a compensation fund for owners

Volkswagen to offer to buy back nearly 500,000 US diesel cars: Sources
Updated On : 21 Apr 2016 | 11:21 PM IST

VW chief says its managers should voluntarily forego bonuses

The costs of the scandal are still incalculable but are expected to run into many billions of euros (dollars) as a result of fines and lawsuits

VW chief says its managers should voluntarily forego bonuses
Updated On : 19 Apr 2016 | 7:50 PM IST

VW group sales almost flat in March, helped by Audi, Skoda

As the carmaker struggles with its emissions scandal.

VW group sales almost flat in March, helped by Audi, Skoda
Updated On : 15 Apr 2016 | 7:27 PM IST

Volkswagen aiming to return to debt market in May, say sources

VW and US regulators have been set an April 21 deadline by a federal judge to agree a fix for nearly 600,000 cars affected in US

Volkswagen aiming to return to debt market in May, say sources
Updated On : 14 Apr 2016 | 7:57 PM IST

Volkswagen CEO seeks cut to board bonuses

Volkswagen Chief Executive Matthias Mueller will push for a significant reduction in bonuses for the carmaker's management board on Monday, sources familiar with the matter told Reuters.The proposal being put forward at a supervisory board steering committee meeting follows criticism from one of Volkswagen's major shareholders, the state of Lower Saxony, about intentions to pay bonuses to top managers while the company grapples with the diesel emissions crisis and prepares to cut costs elsewhere.Bonuses for senior managers have become a flashpoint in an escalating dispute with powerful labour leaders at Europe's biggest carmaker as it prepares to finalise a new strategy.Separately, Germany's Bild am Sonntag newspaper said in an unsourced report that Mueller would ask board members to accept a voluntary bonus reduction of about 30 per cent.Volkswagen declined to comment.On Friday sources familiar with the matter told Reuters that the steering committee would use Monday's meeting to disc

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Updated On : 11 Apr 2016 | 12:32 AM IST

US judge extends Volkswagen's diesel solution deadline

A federal judge in San Francisco gave the carmaker till April 21 to come up with a solution for diesel vehicles sold in the US that were fitted with cheating software

US judge extends Volkswagen's diesel solution deadline
Updated On : 25 Mar 2016 | 10:58 AM IST

Six months into 'Dieselgate', gloom deepens in VW's hometown

At Wolfsburg, workers fear for their jobs, municipal finances take a hit on Volkswagen's fortunes

Six months into 'Dieselgate', gloom deepens in VW's hometown
Updated On : 21 Mar 2016 | 9:52 AM IST

Six months into 'Dieselgate' scandal, gloom deepens in Volkswagen's hometown

Volkswagen remains mired in scandal over its rigging of US exhaust emissions tests, facing a barrage of lawsuits and grappling with a stalled German vehicle recall

Six months into 'Dieselgate' scandal, gloom deepens in Volkswagen's hometown
Updated On : 19 Mar 2016 | 5:49 PM IST

Volkswagen managers knew of possible penalties in August 2015 - Der Spiegel

The brand chief and a head of procurement were told in August 2015 that the firm could face penalties of more than $20 bn for the use of illegal software, Der Spiegel reported

Volkswagen managers knew of possible penalties in August 2015 - Der Spiegel
Updated On : 19 Mar 2016 | 11:30 AM IST

Volkswagen Financial Services takes writedown for emissions scandal

VW expects to post a new record operating result in 2016, after delivering an operating result of 1.9 billion euros in 2015

Volkswagen Financial Services takes writedown for emissions scandal
Updated On : 15 Mar 2016 | 6:46 PM IST

Volkswagen to start voluntary recalls in India from June

Move part of global plan to bring on par all EA189 diesel engines; company lines up three launches in 2016

Volkswagen to start voluntary recalls in India from June
Updated On : 12 Mar 2016 | 12:28 AM IST

Loss of US boss seen hitting Volkswagen turnaround, but not talks with regulators

Michael Horn, the company's US CEO, was not on the teams negotiating with US regulators

Loss of US boss seen hitting Volkswagen turnaround, but not talks with regulators
Updated On : 11 Mar 2016 | 8:02 AM IST

VW US chief Michael Horn steps down amid emission scandal

He is to be replaced on an interim basis by Hinrich Woebcken, the North American regional chief and chairman of Volkswagen Group of America

VW US chief Michael Horn steps down amid emission scandal
Updated On : 10 Mar 2016 | 2:31 PM IST

Volkswagen's top US executive steps down amid ongoing probe

Michael Horn, president and CEO of Volkswagen Group of America has quit to 'pursue other opportunities effective immediately'

Volkswagen's top US executive steps down amid ongoing probe
Updated On : 10 Mar 2016 | 2:29 PM IST