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After agonizing over a fix for its 2.0-liter diesel models, Volkswagen is close to finalizing a plan for vehicles powered by the 3.0-liter TDI V6.
The first fix forced Volkswagen into a wildly expensive buyback-and-fix program for the nearly half million 2.0-liter TDIs sidelined by the diesel emissions scandal, but that won’t be needed for the bigger engines, sources close to the issue tell Bloomberg. Read More >
It’s not the engine you’d want for rock crawling, but it’s just the ticket to please commuters and the Environmental Protection Agency.
A source tells Automotive News that a high-output 2.0-liter four-cylinder under development by Fiat Chrysler Automobiles will first appear as an option on the next-generation Jeep Wrangler. Read More >
With European regulators taking a closer look at the continent’s wonder fuel — diesel, that is — in the wake of Volkswagen’s emissions scandal, oil burners could hasten their disappearance from European Union streets.
That would be great for police officers in the UK, who seem increasingly confused about what kind of fuel goes in their patrol car’s tank. Read More >
“Do those non-diesel things, only better,” seems to be Volkswagen’s mantra these days.
The aftermath of the continuing diesel emissions scandal saw the embattled automaker dive deep into cleaner technology, and it now looks like VW wants its name on a relatively cheap electric vehicle, Autocar reports (via Carscoops). Read More >
They’re on a little break right now, but Volkswagen plans to saunter back to America’s door, flowers and chocolates in hand.
As the diesel emissions scandal plods along to its buyback conclusion, the automaker plans to woo U.S. buyers with desirable products and a less confusing brand strategy, Automotive News reports.
Volkswagen brand chief Herbert Diess told reporters in Germany last week that the U.S. was still a target market primed for growth, but first the company must convince those buyers that it has changed its ways, and that it’s ready for commitment. Read More >
Rival automakers salivating at the thought of snapping up a castoff from Volkswagen’s brand portfolio will have to sit and wait.
Amid grim fourth-quarter financial data and ongoing expenses linked to the diesel emissions scandal, the company is standing by its assets, but admits they might have to jettison some if unexpected expenses crop up. Read More >
If you want your nefarious plan to stay on the down low, try not to make a PowerPoint presentation on it.
That’s an obvious takeaway from the New York Times report that details a bombshell discovery made by investigators probing documents and laptops related to Volkswagen’s diesel emissions scandal. Read More >
It just posted its largest loss ever and is up to its eyebrows in scandal-related expenses, so what’s an automaker to do when the hands come out asking for more?
That’s the situation in Wolfsburg, Germany, where the scandal-rocked Volkswagen and its workers’ labor union find themselves engaged in an uncomfortable dance, according to Automotive News Europe.
The union, IG Metall, says the automaker’s diesel emissions scandal is no excuse for holding back raises to its 120,000 staff members, and Volkswagen says, “What? Sorry, can’t hear you — we’re driving into a tunnel…call back later.” Read More >
After Volkswagen announced last week that it would cut dividends by 97 percent due to the financial fallout of the diesel emissions scandal, there’s a ray of light for those who have shares in the company’s owner.
Porsche Automobil Holding SE, the investment vehicle of Volkswagen AG’s ultra-wealthy owner family, said it will front the cash to allow shareholders a bigger return, according to Bloomberg. Read More >
The heavy financial cost of Volkswagen’s diesel emissions scandal is becoming clear.
After reaching a settlement yesterday with U.S. consumers and regulators, the automaker is more than doubling the size of its “make the problem go away” cash pile, Bloomberg is reporting.
Volkswagen set aside 16.2 billion euros ($18.6 billion) today to deal with the scandal’s fallout, up from the 6.7 billion euro ($7.6 billion) figure previously stated. Read More >