Volkswagen will pay owners of its polluting diesel cars up to $7,000 (€6,160) and agree to fund a grant program to offset air pollution, under a $10bn settlement being negotiated for submission to a federal judge next week, people familiar with the talks said.
Fri, 24 Jun, 2016
Volkswagen shareholder Lower Saxony wanted to withhold its backing for the carmaker’s top management at a supervisory board meeting but relented to avoid further damaging the firm, a source close to the German federal state said.
Tue, 17 May, 2016
For young hipsters these days, it is hard to find a car that will match your inner style king with your budget. Coming up with a car that does not look like a hand-me-down from your granny and earn you nothing but brickbats from your mates is no easy thing.
Sat, 14 May, 2016
Volkswagen shares climbed yesterday as it all but eliminated one front in the pollution scandal that has plagued the car maker for nearly three months, after the company’s suspicions of illegal discrepancies in carbon-dioxide emissions proved unfounded.
Thu, 10 Dec, 2015
It is hard to know yet exactly what effect the Volkswagen ‘dieselgate’ scandal will ultimately have on the giant German manufacturer in terms of ongoing reputational damage and the financial fall-out that will inevitably follow.
Sat, 14 Nov, 2015
Tue, 13 Oct, 2015
In the many years I’ve been involved with the car industry I have come across many scandals and cover-ups involving auto-makers involving many aspects of their business, but I have never seen anything like the frenzy which has engulfed Volkswagen in the past fortnight.
Sat, 03 Oct, 2015
Volkswagen lost almost a quarter of its market value after it admitted to cheating on US air pollution tests for years, putting pressure on chief executive Martin Winterkorn to fix the damaged reputation of the world’s biggest car maker.
Tue, 22 Sep, 2015
It is never easy being the poor relation, especially when it seems you’re always being kicked in the teeth by superior and unbeatable forces. When you’re always regarded as second-class or completely downtrodden in some way or another, it is difficult to emerge from the stigma and establish yourself as a genuine and worthwhile being in your own right.
Sat, 29 Aug, 2015