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  • Volkswagen confirms it will rebrand its US unit as 'Voltswagen' Mar 30, 2021 09:59 PM IST

    Volkswagen confirms it will rebrand its US unit as 'Voltswagen'

    The revised name takes effect in May and the announcement came after several outlets on Monday reported on a draft release mistakenly posted on the automaker’s U.S. website.

  • Volkswagen pumps $2.33 billion into China electric vehicle bet, buys stakes in two firms May 29, 2020 10:12 AM IST

    Volkswagen pumps $2.33 billion into China electric vehicle bet, buys stakes in two firms

    VW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC Motors), also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%.

  • Coronavirus impact: Key Mexican state for German automakers hits brakes on restart May 23, 2020 12:25 PM IST

    Coronavirus impact: Key Mexican state for German automakers hits brakes on restart

    German automakers Volkswagen AG and Audi have major plants in the state southeast of Mexico City, but they have idled production due to the pandemic.

  • Volkswagen eyes big stake in China partner JAC, taps Goldman: Sources Apr 11, 2019 10:02 AM IST

    Volkswagen eyes big stake in China partner JAC, taps Goldman: Sources

    The move by VW, the largest foreign automaker in China, to buy into Anhui Jianghuai Automobile Group (JAC Motors) is the latest by foreign automakers to boost ownership in the world's biggest car market since Beijing relaxed rules last year.

  • Volkswagen to build new electric vehicle in US: Tennessee governor Jan 14, 2019 08:52 PM IST

    Volkswagen to build new electric vehicle in US: Tennessee governor

    The German automaker is making the announcement at the Detroit auto show and will make an unspecified additional investment and add jobs, Tennessee Governor Bill Haslam said, declining to disclose details ahead of the formal announcement.

  • Volkswagen, Ford to reveal deeper alliance next week: sources Jan 10, 2019 12:56 PM IST

    Volkswagen, Ford to reveal deeper alliance next week: sources

    Ford and Volkswagen have been exploring closer cooperation as trade frictions force carmakers to rethink where they build vehicles for Europe, the United States and China, and as software companies prepare to launch their own self-driving cars.

  • Volkswagen CEO Herbert Diess says China tax hike on US vehicle imports would sting Apr 24, 2018 02:42 PM IST

    Volkswagen CEO Herbert Diess says China tax hike on US vehicle imports would sting

    Diess, speaking ahead of the Beijing autoshow, said that the German car maker also had no plans to alter its current joint venture partnerships in China, the world's largest auto market, after the country said it would loosen ownership rules.

  • Volkswagen 'misused' me, accused executive tells judge Dec 03, 2017 05:15 PM IST

    Volkswagen 'misused' me, accused executive tells judge

    Schmidt pleaded guilty in August in the U.S. District Court in Detroit to wrongdoing connected to a massive diesel emissions scandal that has cost Volkswagen as much as $30 billion. He is due to be sentenced on Dec. 6.

  • Audi recalls almost 5,000 A8 models for emissions software updates Nov 02, 2017 09:06 PM IST

    Audi recalls almost 5,000 A8 models for emissions software updates

    Audi is grappling with car recalls, prosecutor investigations and criticism from unions and managers over the diesel emissions scandal and its performance since news of the affair broke in 2015.

  • Volkswagen engineer to appeal US prison sentence Sep 08, 2017 07:55 AM IST

    Volkswagen engineer to appeal US prison sentence

    In a filing with the U.S. District Court in Michigan, his lawyer on Thursday said Liang's sentence would be appealed to the U.S. 6th Circuit Court of Appeals.

  • Volkswagen brand chief vows to boost SUVs sales, US market share Sep 01, 2017 07:50 AM IST

    Volkswagen brand chief vows to boost SUVs sales, US market share

    Herbert Diess, who heads the mass market Volkswagen brand, said the world's largest carmaker by sales expects SUVs to account for 40 percent of its global sales, up from less than 15 percent today.

  • US charges ex-Audi manager in emissions cheating case Jul 07, 2017 07:45 AM IST

    US charges ex-Audi manager in emissions cheating case

    Giovanni Pamio, an Italian citizen, was charged with conspiracy to defraud the United States, wire fraud, and violation of the Clean Air Act, the Justice Department said in a news release.

  • Volkswagen offers six-year warranty to win back US customers Apr 12, 2017 07:45 AM IST

    Volkswagen offers six-year warranty to win back US customers

    Ahead of the New York auto show, the world's largest automaker said Tuesday it will offer a six-year, 72,000 mile warranty on its new 2018 Atlas and 2018 Tiguan sport utility vehicles that go on sale later this year.

  • Volkswagen reaches $157 mn diesel settlement with 10 US states Mar 31, 2017 08:06 AM IST

    Volkswagen reaches $157 mn diesel settlement with 10 US states

    The company has agreed to pay USD 157.5 million to the states, including New York, Massachusetts and Pennsylvania, resolving suits by the states against VW for violating emissions standards.

  • GM will rehire 500 Michigan workers slated for layoffs Mar 16, 2017 08:10 AM IST

    GM will rehire 500 Michigan workers slated for layoffs

    GM said last week it planned to lay off 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan. The company is moving production of the GMC Acadia mid-size SUV to Spring Hill, Tennessee, from the factory, which will build just two models, the Chevrolet Traverse and Buick Enclave SUVs.

  • Volkswagen pleads guilty in US court in diesel emissions scandal Mar 11, 2017 12:04 PM IST

    Volkswagen pleads guilty in US court in diesel emissions scandal

    It was the first time the company has pleaded guilty to criminal conduct in any court in the world, a company spokesman said, and comes as the automaker strives to put the most expensive ever auto industry scandal behind it.

  • 'VW expects to sanction more employees in emissions scandal' Mar 07, 2017 08:09 AM IST

    'VW expects to sanction more employees in emissions scandal'

    "It is to be expected that there will yet be a whole string of (personnel) consequences," Poetsch told reporters late on Monday on the eve of the Geneva auto show.

  • Volkswagen has spent $2.9 bn on US buybacks: Court document Mar 01, 2017 07:54 AM IST

    Volkswagen has spent $2.9 bn on US buybacks: Court document

    The report by an independent claims supervisor said the German automaker is buying back and terminating leases on about 15,000 vehicles a week. VW has made offers to buyback vehicles or cancel leases to 323,179 US consumers totalling USD 5.86 billion, it said.

  • Volkswagen has spent $2.9 bn on US buybacks: Court document Mar 01, 2017 07:54 AM IST

    Volkswagen has spent $2.9 bn on US buybacks: Court document

    The report by an independent claims supervisor said the German automaker is buying back and terminating leases on about 15,000 vehicles a week. VW has made offers to buyback vehicles or cancel leases to 323,179 US consumers totalling USD 5.86 billion, it said.

  • VW, Robert Bosch agree to pay $1.6 bn to settle US diesel claims Feb 01, 2017 01:52 PM IST

    VW, Robert Bosch agree to pay $1.6 bn to settle US diesel claims

    In December, VW said it had agreed to buy back 20,000 vehicles and expected to fix another 60,000. The settlement documents show that if regulators do not approve a fix for all of the vehicles, the German automaker's costs could jump.

  • US judge approves Volkswagen dealers $1.2 billion settlement Jan 24, 2017 09:30 AM IST

    US judge approves Volkswagen dealers $1.2 billion settlement

    US District Judge Charles Breyer said the 650 US dealers would be paid over 18 months, ruling the settlement "fair, reasonable, and adequate."

  • VW faces reforms, oversight for three years under US settlement Jan 12, 2017 08:38 AM IST

    VW faces reforms, oversight for three years under US settlement

    Many of the required reforms - including those for whistleblowers - have been adopted recently by VW globally.The company's Porsche unit will face separate audits and vehicle testing requirements.

  • VW says has draft $4.3 bn deal to settle US criminal charges Jan 11, 2017 08:20 AM IST

    VW says has draft $4.3 bn deal to settle US criminal charges

    The German automaker said it was in advanced discussions with the US Justice Department and US Customs and Border Protection to settle the criminal investigation and pay fines but this was subject to approval by VW's board. It could be approved as early as late Tuesday.

  • Volkswagen emissions scandal: US charges executive with fraud Jan 10, 2017 09:25 AM IST

    Volkswagen emissions scandal: US charges executive with fraud

    Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating and the automaker was accused of concealing the cheating from regulators.

  • Mercedes-Benz to overtake BMW as largest premium carmaker Jan 09, 2017 02:18 PM IST

    Mercedes-Benz to overtake BMW as largest premium carmaker

    Mercedes-Benz is expected to reach its goal of becoming the largest premium carmaker four years early - a feat achieved, ironically, only after it stopped chasing market share and focused on making stylish high-tech cars loved by consumers.

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