The fallout from a global emissions cheating scandal keeps falling. This week, German authorities fined Volkswagen AG nearly $1.2 billion for selling more than 10 million cars with emissions-cheating software. The sum pales in comparison to the billions Volkswagen has paid in the U.S., which has totaled more than $24 billion so far, but is one of... Volkswagen Group fined $1.2B by German authorities for diesel scandal
The fallout from a global emissions cheating scandal keeps falling. This week, German authorities fined Volkswagen AG nearly $1.2 billion for selling more than 10 million cars with emissions-cheating software. The sum pales in comparison to the billions Volkswagen has paid in the U.S., which has totaled more than $24 billion so far, but is one of...
Well, that's awkward. At its annual media briefing on Wednesday, Volkswagen Group executives said the costs of meeting new emission tests in the EU, lowering carbon emissions globally, and launching multiple new electric models would eat into the company's profits. With the company's diesels in disfavor even in Europe and unlikely to reappear in...
For a company that has only two battery-electric models in production, both several years old, VW Group spends a great deal of time talking about electric cars. The company has plans to launch 30 new electric vehicles by 2025, and has released four Volkswagen ID concepts, the first of which will enter production in November 2019. At its annual...
It might be the world’s largest single-company junkyard and pick-a-part business, if not for the prominent "No Trespassing" and "Drone-Free Zone" signs. Instead, it’s a massive storage facility in Colorado for thousands of disgraced VW and Audi TDI diesel vehicles awaiting whatever fate holds for them. At least the locale, in the...
Every automaker has its niche. Mazda builds a brilliant (and efficient) sports car in the MX-5 Miata. Toyota pioneered the mass production of hybrid-electric vehicles 20 years ago with its Prius. The Tesla Model S made battery-electric vehicles exciting and desirable. And Volkswagen has diesel. DON'T MISS: Volkswagen ID electric car production...
A scrappage scheme in Germany launched by Volkswagen to take the dirtiest diesels off the road has been extended beyond its planned end date of this month. Two years after the diesel emissions scandal that cost it over $25 billion, Volkswagen is extending an incentive program aimed at owners of diesels certified under the older Euro 1 through Euro...
As it gears up for volume production of battery-electric cars starting in 2019, Volkswagen Group spends a lot of time talking to the press about its future plans for the vehicles. We already know its first electric car that year will be the compact hatchback Volkswagen ID, and the first to be sold in the U.S. will be the VW ID Crozz utility...
A Volkswagen manager who pleaded guilty to deceiving regulators in the United States over the emissions of the company's TDI diesel engines has been sentenced to the maximum penalty of seven years in prison and the maximum fine of $400,000. "This crime ... attacks and destroys the very foundation of our economic system," said federal court judge...
A production vehicle based on the Volkswagen ID Crozz all-electric compact crossover will be launched in the U.S. market during 2020, VW said. The announcement came at a media event Tuesday night before the first of two media days at the Los Angeles auto show, where the electric SUV makes its North American debut. First unveiled at the Shanghai...
Luxury and sports car maker Porsche isn't concerned with the sweeping changes vehicle electrification will bring. In fact, the brand believes it will maintain its steady profit and 15-percent operating margin into the future, despite the major investments in electric and plug-in cars it plans to make. While Porsche can't pass through some of those...
The list of people and companies who want to be or want to make the "Tesla Fighter" is long and storied. Volkswagen has had some good things to say about the California-based electric-car maker, but it's also been working to take on the world's most lauded EV company. During a panel discussion in Germany last week, VW CEO Matthias Müller made...
The next Pikes Peak International Hill Climb race is eight months away still, so a press release on a carmaker's entry into next June's event comes out of left field. But for Volkswagen, it's another small step to underscore its major commitment to battery-electric vehicles as its two-year-old diesel emission cheating scandal continues to...
Volkswagen Group has now detailed its aggressive electrification timeline for every part of its vehicle operations, including heavy trucks, setting lofty goals for zero-emission vehicles in the future. While Volkswagen works on the passenger car side of things, VW Group's commercial-vehicle division, Volkswagen Truck & Bus, said in a company...
The long, strange, sad saga of the now-defunct Volkswagen Phaeton will likely go down as an asterisk in VW's long history. The pet project of now-departed VW Group chairman Ferdinand Piech, a member of the Porsche family that controls the carmaker, it was a $70,000-and-up luxury sedan from the German makers of the People's Car. It shared...
Along with the gleaming concept cars and new production models unveiled at last week's Frankfurt auto show, auto-company executives also make news. Often a company's CEO or product chief will announce directions for the future, whether they're hints about upcoming vehicles or new powertrain plans. Matthias Müller, chairman of the VW Group...
Predicting the future is always hazardous, but for the auto industry, this is a particularly uncertain time. Four trends—electrification, connectivity, autonomy, and sharing—are coming together in a whirlwind that could rearrange the industry and its businesses within a decade or two. That's a relatively short timeframe in an industry...