Find News by Subject:
How much can we chop away while keeping the body alive?
The U.S. Justice Department’s plans for Volkswagen’s criminal fine is like a horror movie, only with corporate finances playing the role of a writhing human subject.
According to two sources close to the negotiations, the DOJ wants to extract as much monetary lifeblood from the automaker as possible, while keeping the company afloat, Bloomberg reports. Read More >
After German media reported his suspension last week, Audi announced today technical development boss Stefan Knirsch is stepping down and leaving the automaker.
The executive, who sat on Audi’s management board, found himself caught up in the investigation surrounding Volkswagen’s diesel emissions scandal. Meanwhile, a German newspaper claims that newly discovered documents show ex-Volkswagen CEO Martin Winterkorn mislead U.S. authorities before the scandal broke. Read More >
It’s not the podium an automaker wants to find itself on top of.
After marking the first anniversary of its emissions debacle, former “clean diesel” builder Volkswagen finds itself staring down the barrel of $9.15 billion in investor lawsuits, the Wall Street Journal reports.
When it comes to being sued by investors, no German company can match Volkswagen’s performance. Read More >
Who knew what, and when? That’s what investigators at U.S. law firm Jones Day plan to find out when it puts Audi chief Rupert Stadler on the hot seat in its investigation of the Volkswagen diesel scandal.
According to a report in Germany’s Der Spiegel, witnesses at the company claim Stadler knew about the diesel deception as early as 2010, Bloomberg reports.
The news comes as another German publication reports the suspension of Audi technical development boss Stefan Knirsch. Read More >
An Erie, Pennsylvania Buick-GMC dealer, its owner and general manager, and another man were indicted this week for wire fraud over a bogus loan application scheme.
A U.S. District Court handed down the indictment on Tuesday, Automotive News reports, with court documents alleging the three men submitted fake car loan applications through “straw individuals.” Read More >
The U.S. federal indictment of Volkswagen engineer James Liang, stemming from the automaker’s effort to cheat on emissions testing of their supposedly “clean” diesel engines, mentions an as-yet unindicted co-conspirator, “Company A”.
That firm allegedly helped Liang and his team at VW develop the software routine that only activated emissions controls when vehicles were being emissions tested. Company A was identified in the indictment as a Berlin-based automotive engineering company that is 50 percent owned by the Volkswagen group, which is also Company A’s biggest customer. Read More >
A criminal charge has been laid in the U.S. Justice Department’s probe into the Volkswagen diesel emissions scandal.
A Volkswagen engineer pleaded guilty to conspiracy charges in a U.S. District Court in Detroit today, Reuters reports. Read More >
Reid Bigland gained plenty of accolades during his rise up the corporate ladder at Fiat Chrysler Automobiles, but the company’s U.S. sales head now finds himself in a different type of spotlight — the center of the automaker’s sales tampering scandal.
Sources close to the issue claim that federal investigators have turned their focus to Bigland, whose signature is found on many questionable documents, Bloomberg reports. Read More >
Anything that happens in Australia is already sort of funny, because we all remember the Simpsons episode where the Aussie locals play knifey-spoony and Homer salutes the toilet.
Well, from the land of Midnight Oil, Nicole Kidman and the defunct Ford Falcon Ute comes this story, thanks to Jalopnik, the South Australia Police, and a man who wouldn’t let a missing steering wheel end his motoring dreams. Read More >
Federal investigators probing Fiat Chrysler Automobiles for alleged sales tampering have uncovered a strange phrase that they believe is a code word.
According to the Wall Street Journal, company executives would sometimes call up regional managers and dealers and utter a specific phrase. Investigators believe this was a signal for dealers to go ahead and boost end-of-month sales in any way necessary. Read More >