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Volkswagen can start hauling the first of 800,000 Passat, CC and Eos models off of European streets after a German regulator granted approval to the automaker’s diesel emissions fix.
The Federal Motor Transport Authority (KBA) says there’s nothing wrong with the plan to bring 2.0-liter diesel versions of those models into compliance with pollution laws. No doubt Volkswagen execs are happy to cross off another thing off their “to do” list. Read More >
The diesel emissions scandal can’t be blamed for all of Volkswagen’s sales woes.
Today, the automaker announced first-quarter profits fell 86 percent compared to the same time last year, not surprising given its sidelined diesel models, the hit to its reputation, and a hastily cobbled together $18.2 billion scandal fund.
Worldwide sales of Volkswagen passenger cars fell 1.3 percent (year-over-year) this quarter, but the scandal doesn’t tell the whole story. That number would have been in positive territory if select countries weren’t grab-your-money-and-get-out economic disasters. Read More >
First-quarter earnings just released by Volkswagen Group show a massive hit to the company’s namesake brand, all thanks to fallout from the diesel emissions scandal.
Profit at Volkswagen passenger cars fell 86 percent to 73 million euros ($81 million), down from 514 million euros last year. That plunge leaves the brand with a nano particle-thin operating margin of 0.3 percent.
Still, the scandal isn’t a killing blow for the company. Why? Investment advisers aren’t lying when they say diversity is key to weathering shocks. Read More >
The world’s oldest automaker isn’t about to let regulators pry its diesel engines from its warm, German hands.
Mercedes-Benz is rolling out a new line of oil-burning engines that will surpass even the most stringent emissions requirements, AutoExpress reports.
So stingy are the new diesels, the automaker says they’ll pass looming European Union requirements that aren’t scheduled to go into effect until 2017. Read More >
Pity poor Volkswagen. It’s constantly accused of doing the wrong thing in the wake of the diesel emissions scandal.
But guess what? There’s reason for it, and here’s yet another example.
TTAC reader Rudy Lukez has waited months to find out what Volkswagen plans to do with his 2014 Jetta Sportwagen TDI. So, when a package from the company showed up in his Highlands Ranch, Colorado mailbox this morning, the repeat Volkswagen owner figured his questions were about to be answered. Read More >
Owners of 2.0-liter Volkswagen diesels will have to wait a little longer before learning exactly when their rolling pariahs will leave their driveways.
The automaker is on track to meet a June 21 settlement deadline, a federal judge stated yesterday, but details on the wildly expensive U.S. buyback and compensation program won’t be made public just yet. Read More >
Do investors trust Volkswagen to investigate itself and lay the appropriate blame? Not these three groups.
With the financial damage of the diesel emissions scandal now clear, three large investor groups are calling for accountability and the launch of an independent investigation, Reuters reports. Read More >
Volkswagen can’t wait for the day when it doesn’t have to spend time and resources dealing with a huge, stressful scandal.
Grey skies will clear up eventually, so the automaker has 250 employees busily crafting its Strategy 2025, a plan designed to carry the company out of its darkest chapter and into future prosperity, Bloomberg reports.
Volkswagen has big, expensive (but not too expensive) things in the works, so say goodbye to the boring, sensible company you thought you knew. At least, that’s the implied message. Read More >
Decades of feel-good corporate outreach and a hug-worthy relationships with buyers didn’t stop potential customers and veedub diehards from fleeing Volkswagen after the diesel stink bomb went off in Wolfsburg.
Like a husband of 50 years caught cheating with his wife’s sister, the intentional deception behind the diesel emissions scandal shattered the hard-earned trust between the company and its consumers. Thanks to that, Volkswagen’s sales trajectory now mimics that of a very leaky submarine.
Could Volkswagen have managed the scandal better, and can the company rebuild that lost trust?
According to the consumer opinion-tracking Reputation Institute, the answers to those questions are “you bet” and “yeah … it’s gonna take a loooong time.” Read More >
Rumors have swirled for months that Opel would be implicated in the dieselgate scandal. Over the weekend, serious allegations took flight that Opel does in fact use defeat devices in two diesel models.
Opel has been summoned to appear in front of the German Transport Ministry investigative committee this week to answer claims that its cars are capable of skirting emissions laws.
Der Spiegel reported last week the Opel Astra was found to contain software that will deactivate emissions control systems when the outside temperature is either below 20 degrees Celsius (68 degrees Fahrenheit) or above 30 degrees Celsius (86 degrees Fahrenheit). Additionally, it discovered the emissions systems do not work when engine speed exceed 2,400 rpm, the car is moving faster than 145 km/h, or ambient air pressure is less than 915 millibar, which would indicate an elevation of more than 850 meters.
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