German prosecutors say their investigation into Volkswagen’s dirty dealings now includes the company’s former CEO, Martin Winterkorn.
The long-running probe into the diesel emissions scandal recently expanded from 21 suspects to 37, Reuters reports, placing Winterkorn solidly under the microscope. Winterkorn stepped down just days after the scandal went public in September 2015.
The former top boss recently emerged from the shadows to tell a German committee he knew nothing of the decade-long conspiracy under his watch, though prosecutors suspect he may have known more than that.
The Karmann Ghia is familiar to most automotive enthusiasts as a styling exercise intended to turn the Volkswagen Beetle into a slinky “sportscar” using pedestrian internals. The resulting Type 1 Ghia debuted way back in 1955 and added some (more) Porsche styling to the family sedan. Assembled by Karmann in Osnabrück, Germany, with styling from Carrozzeria Ghia in Turin, Italy, the curvy two-door offered little performance, but much style, compared to its stablemates.
However, the Type 1 Karmann Ghia wasn’t the only car to bear that German-Italian nameplate.
Volkswagen's Compliance Chief Splits Because Compliance Means Different Things To Different People, Apparently
Christine Hohmann-Dennhardt, Volkswagen Group AG’s compliance chief, is leaving the company after disputes with VW’s senior management regarding her responsibilities. Those duties primarily revolve around ensuring the automaker adheres to regulatory requirements — something Volkswagen has had a difficult time with as of late.
After only a year with the company, Volkswagen confirmed Hohmann-Dennhardt will be leaving at the end of this month. According to an official statement, her exodus is “due to differences in their understanding of responsibilities and future operating structures within the function she leads.”
Considering her role on the supervisory board consisted wholly of seeing Volkswagen through the devastating emissions crisis while improving its image and ensuring it did not commit anymore egregious unlawful acts, you have to wonder what those differences in understanding entailed.
Unless you live in a tropical climate year round, you’ve likely been forced to become a cold and pathetic vessel of sadness as you de-ice your windshield at 7:30 a.m. before spending the rest of your day filing TPS reports at a job you hate. Unfortunately, maxing out the defroster takes too long, and self-heating windscreens rely on always-visible filaments that range from slightly distracting to more bewildering than a BeDazzled pair of ’90s jorts, depending on how the light hits the wires.
Ford’s Quickclear — an option unavailable in the United States — is one of the better examples of heated glass. However, a passing car with strong headlights can illuminate the entire wire network, involuntarily influencing a person’s eyes to refocus numerous distances within a second or two.
Volkswagen’s new solution to the problem is to use a “wafer-thin electrically conductive layer of silver within the laminated glass” in lieu of traditional wires — and that means it’s invisible, ushering in a new golden era of automotive ownership for car owners often fraught with the burden of frost.
Rumors of the Volkswagen Beetle’s demise are either greatly exaggerated, or right on point. The Model languishes on the low end of the sales scale, hamstrung by a retro design that shuns updates and the public’s dwindling enthusiasm for compact cars.
Still, there exists fans of the model, even inside the scandal-shaken and SUV-fixated company. No one loves the Beetle more than VW design head Klaus Bischoff, who claims the model is his favorite in all Volkswagendom (um, have you seen the Atlas, Klaus?). So great is his love for the Beetle that Bischoff is urging VW to spare the model the axe and stimulate interest through a new method of propulsion.
A report suggests that top brass might be listening.
As far as anyone knows, former Volkswagen CEO Martin Winterkorn spent the last 16 months on a desert island.
After resigning his post in the turbulent days after the diesel emissions scandal went public, Winterkorn stayed out of the spotlight, shying from any public appearances. That is, until now. As indictments land in executives’ laps and top brass grow wary of leaving the country, Winterkorn showed his face to a parliamentary committee in Berlin.
If we’re to believe a source inside Volkswagen, 2022 could bring a latter-day Summer of Love.
The company’s latest Microbus concept — the eye-rollingly named I.D. Buzz — might not stay a concept for long, an insider claims, stirring hope in eco-conscious Germanophiles and fans of the original hippie wagon.
Three German judges claim that Volkswagen’s actions leading up to the diesel emissions scandal was akin to putting horse meat in lasagna.
Bloomberg reports that the comparison was made when a court in Hildesheim ordered the car manufacturer to buy back someone’s Skoda Yeti at full sticker price. The ruling was warranted, as VW intentionally committed fraud, the court said.
It seems that even Volkswagen executives realize you can’t keep showing off different variants of the same concept before the public grows weary of the tease.
At the North American International Auto Show this week, visitors to Detroit feasted their eyes on the eleventy billionth latter-day VW Microbus concept, this time called the I.D. Buzz. Okay, maybe that number is a bit high, but the folks from Wolfsburg have kept up a steady trickle of retro Microbus concepts for 16 years. This time, it’s fully electric. No wheezy four-cylinder (or raucous five) in sight.
Naturally, the automaker hopes this latest concept’s name doesn’t prove a lie, but this latest offering — and the atmosphere around it — feels different. The mood implies it’s now or never for the concept — not just this one-off vehicle, but the concept of a reborn Microbus altogether.
After a Volkswagen official was collared in Miami while on vacation, other top company officials have been warned to stay close to home.
Oliver Schmidt, who allegedly lied to environmental regulators to cover up VW’s emissions cheating, was arrested by FBI agents Saturday while returning home from a Cuban holiday. According to Reuters, Schmidt, one of six former or current VW managers indicted on multiple charges this week, could face up to 169 years in a U.S. prison if found guilty.
After the FBI’s lucky airport break, a new report suggests top brass in Wolfsburg are feeling penned in. Kiss that winter vacay goodbye.
The United States has now laid charges against six former or current Volkswagen officials for their role in the diesel emissions scandal.
A federal grand jury in the Eastern District of Michigan returned an indictment today, fingering the execs for playing key roles in a decade-long conspiracy to deceive the U.S. government and public. While five of the men live in Germany, one man — Oliver Schmidt, former head of VW’s regulatory compliance department — was nabbed by the FBI in a Miami airport on Saturday while attempting to return to Germany.
As the charges were handed down, the embattled automaker pleaded guilty to three criminal federal counts and agreed to pay $4.3 billion in criminal and civil penalties.
A Volkswagen executive who allegedly spent more than a year throwing up smoke screens around the emissions-cheating automaker has been arrested in sunny Florida.
Oliver Schmidt, a former top emissions compliance manager assigned to the U.S., ran defense for the company in the long run-up to the diesel revelations. As allegations mounted and regulators began asking questions, Schmidt and other company officials blamed phony technical problems for the sky-high emissions levels seen during real-world testing.
According to the New York Times, Schmidt, a German national, was nabbed on Saturday and charged by the FBI with conspiracy to defraud the U.S.
Assuming owners of 2.0-liter diesel Volkswagens aren’t so pissed at the company that thoughts of cash extraction and corporate punishment fill their every waking hour, up to 70,000 of the little polluters could be spared.
After failing multiple times to whip up a fix for the emissions-rigged engines, VW has made a breakthrough with the U.S. government. That means owners of certain VW and Audi vehicles have a choice to make.
The first person sentenced in the sprawling Volkswagen emissions scandal is headed to jail in South Korea, but the man who helped design the defeat smog-spewing engines will have to wait for his punishment.
Reuters reports an executive of VW’s South Korean division was handed a sentence of one year, six months today for his side-role in the diesel deception. Meanwhile, a German engineer who was the first employee charged in the scandal will cool his heels a little while longer.
It seems he’s just too useful.
The name Prodrive isn’t one you’ll stumble across every day, and sounds a bit like a company that might offer teen driving courses. However, it’s one of the world’s most successful race car shops, and bests many individual manufacturer efforts.
How does six World Rally Championships, four Le Mans wins, five World Endurance Championships, and four British Touring Car Championships victories sound for a start?
But while “race on Sunday, sell on Monday” is the parable that motivates many marques in motorsport, Prodrive sells no road cars.
How does a small, generally unheard of firm compete against the likes of Porsche, Honda, and Ford? Simple — those companies hire Prodrive to run their race programs.
A lawsuit has been filed in Germany against Volkswagen in the hopes of forcing the automaker to buy back emission-cheating cars in Europe in the same manner it was ordered to in the United States.
The suit, filed today by a solitary vehicle owner, will become the test case for thousands of other European claimants and aims to put pressure on VW to compensate continental customers for the ongoing emissions scandal.
I’ve no idea how, as I’ve lived in the same Ohio county for all of my 30-plus years (sounds better than nearly 40) on this earth, but I stumbled upon an unfamiliar rural road not far from home last week while testing the new 2017 Volkswagen Golf SportWagen. New roads are naturally meant to be explored, so I flicked the signal lever and looked for adventure.
The weather was typical for late December: brisk, with frost in spots making the fallen leaves a bit slick. My first instinct was to drive cautiously, but I realized that I never get opportunities like this. A few hours alone behind the wheel, in daylight, with nowhere to be. The 4Motion all-wheel drive should save me if things get hairy, right?
If you were considering stripping your Volkswagen diesel prior to returning it, hit the brakes on that project immediately. VW’s nonspecific wording in the buyback terms created a gray area of legality that a few emissions scandal-affected owners decided to test, removing unessential portions of their 2.0-liter TDI-equipped models.
However, after a particularly thorough set of peelings, a federal judge warned opportunistic owners not to strip parts out of their vehicles before attempting to sell them back to Volkswagen through the company’s emissions settlement.
For a solid 15 years — longer than the combined duration of World War I, II, and Korea — Volkswagen has made a habit of teasing consumers with boxy concepts that draw inspiration from the company’s far-out Microbus of yesteryear.
It doesn’t matter whether the automaker is flying high, like it was at the turn of the century (and decade), or digging itself out of a scandal, like it is now. There’s always a piece of flower power vaporware lurking nearby, ready to trigger increasingly distant memories of a free-wheeling, free-love past.
We’ve been tentatively promised some sort of modern-day Microbus since the New Beetle still seemed somewhat new, but to no avail. Well, times are changing, and along with it, technology. But VW’s tactics aren’t.
If only I’d thought ahead.
If only a day earlier I had instructed the Department of Transportation to position cameras across the length and breadth of Nova Scotia and installed a few in-car GoPros, I could have sold footage from our first full day in the 2017 Volkswagen Golf Alltrack to Volkswagen for the prototypical all-wheel-drive commercial.
Bitterly cold temperatures had made the snow-clearing efforts from the Friday before a hit and miss affair. Our 150-minute drive from the Atlantic coast, in Eastern Passage, to the Fundy coast, in Cornwallis, turned into a 200-minute drive because of messy roads throughout the Annapolis Valley.
That was only the beginning. The next low began to pass through just after the noon hour, and by the time our 4 p.m. departure time rolled around, we knew we were in for a long drive home. With the confidence inspiring, brand-new Continental WinterContacts at all four driven wheels, we steeled ourselves for what would become a 270-minute drive home.
Four Cains, fast-falling snow, freakishly heavy traffic: this calls for extra ride height. Just a very little bit of extra ride height.
After a seemingly endless legal drama, Volkswagen AG has reached an agreement with the U.S. owners of roughly 83,000 emissions-cheating VW, Porsche and Audi vehicles equipped with 3.0-liter diesel engines.
Like the earlier settlement for 2.0-liter defeat device-equipped models, this agreement includes a combination of buybacks, fixes and cash payments. Owners of 2.0-liter models have long since counted their “we’re sorry” money, but these buyers will have to wait just a bit longer before finding out what payment to expect for their premium ride.
It’s not a small sum, apparently.
Half a year after an embattled Volkswagen agreed to pay nearly $15 billion in compensation to U.S. diesel owners and regulators, it’s Canada’s turn to dip into the automaker’s sooty wallet.
The company reached a deal today with the 2.0-liter diesel vehicle owners behind a class-action lawsuit. When finalized, the settlement means up to 105,000 bought-back vehicles and more cash added to the company’s penalty pile. $2.1 billion, to be exact, assuming everyone applies for a piece of the pie.
While the cash compensation has the same floor as in the U.S., the payout’s ceiling is lower.
Volkswagen Group has agreed to shell out $200 million into a reserve created to reduce diesel pollution, a stipulation in the pending agreements made over the 3.0-liter diesels that polluted well over the United State’s legal limit.
The finalized agreement between VW and U.S. lawmakers is expected to come by Monday, pending the company’s decision on what to do about the 80,000 Audi, Volkswagen, and Porsche vehicles with emissions-cheating diesel engines still on the road. Legal representatives for the carmaker, affected consumers, and the Justice Department have indicated that negotiations are still progressing, however VW may still have to go to trial if a final agreement isn’t reached soon.
Volkswagen will showcase its extended-wheelbase, seven-seat Tiguan Allspace at next month’s North American International Auto Show — hoping to use the crossover to curry favor with the United States in the wake of its diesel emissions scandal.
The 2018 Tiguan Allspace should serve as a cheaper alternative to larger three-row SUVs, similar to Nissan’s Rogue with its optional family package. It should also serve as a way to coax crossover-crazy Americans back into VW’s warm embrace.
Volkswagen and Audi have begun buying back the thousands of 2.0-liter diesel cars sold involved in its emissions cheating scandal. The deal requires the company to offer buybacks to the 475,000 affected owners. However, the settlement does not carefully outline what condition those returned vehicles have to be in.
Some owners are taking that inch for the full mile and stripping their VWs down before returning them to the company to get their big fat check.
There’s no doubt Volkswagen needs its new midsize Atlas to be a home run (or, at least, a ground rule double) to keep its American dealers appeased following the now-year-long diesel emissions scandal. Even before the scandal, Volkswagen USA could neither create a product mix befitting American sensibilities nor price its ill-marketed product at price points palatable to the American public.
Volkswagen appears to be suiting up for an impending battle. The road has been a long and difficult, but the diesel emissions scandal seems as if it’s about to begin its third and final act.
Dozens of German Volkswagen AG officials have hired criminal defense lawyers as the United States Department of Justice elevates its investigation into the company. U.S. authorities have traveled across the Atlantic to conduct additional interviews with managers and gather further evidence on VW’s plot to elude America’s emission regulations.
The California regulator that played an important part in uncovering Volkswagen Group’s emissions cheating plot detailed a list of options on how the automaker will be required to spend the $800 million penance by advancing green tech and nonpolluting cars.
Some of the choices the California Air Resources Board came up with are truly terrible.
Volkswagen has only revealed one entirely new model since the emissions scandal began, and with CC sales tanking hard, now seems a good time to start on a second.
Planned to be revealed in full at the 2017 Geneva Motor Show, VW is teasing the public with some specs on its upcoming range-topper.
Disgraced automaker Volkswagen AG is trying to smooth things over in the United States by promising to increase its commitment to North America. The company has stated that its core brand’s lineup will swell to include new electric vehicles slated for U.S. production in 2021.
The task of building those vehicles comes with a mountain of challenges.
The slow-selling Volkswagen CC premium sedan — a model you’d be forgiven for forgetting — has reportedly ended production in Germany.
In happier times, the model added a dash of upscale panache to the squeaky-clean brand. Now, Volkswagen has cast off the aging, underperforming model as it seeks to reclaim lost market share and revenue with the CC’s shadowy replacement.
Though today’s hybrids have popularized it, the idea of installing more than one engine in a car to supplement power isn’t particularly new or innovative. In fact, it’s almost as old as the automobile itself.
There are plenty of historical examples of multi-engine cars; probably the most notable are absolute land speed record attempts. Just last week, for example, was the 51st anniversary of the American-made Goldenrod’s 409 mph record, set using no less than four 426 Hemi V8s borrowed from Chrysler.
But even further back, Alfa-Romeo had tried to break the stranglehold of the Silver Arrows in Grand Prix racing by utilizing two straight-eights in a P3 Grand Prix chassis. The solution was innovative, if not particularly successful.
But the exploits of sticking multiple motors in a vehicle to boost power and traction were not limited to exotic racers and record setters. In the 1980s, the concept was reintroduced in a few interesting packages. As it became increasingly clear that Audi’s all-wheel drive would revolutionize the world of rally, Volkswagen Motorsport director Klaus-Peter Rosorius felt Volkswagen shouldn’t play second fiddle to the Quattro.
Instead, they’d play with a second engine.
A concept, or the first of many? That’s what Volkswagen execs need to decide once feedback rolls in from the conservatively sporting Passat GT concept shown off at this week’s Los Angeles Auto Show.
Hot, but not too hot, a Passat GT would be an affordable enthusiast offering for the embattled automaker, spicing up an aging model that’s slipping in the U.S. market. The public’s reaction — be it interest or yawns — is the real deciding factor, but here at TTAC, we’ve been of two minds.
In the wake of its diesel emission scandal, Volkswagen proclaimed its destiny as tomorrow’s top dog of electric automobiles. However, its e-Golf never really felt like the future. It felt like the past with an electric motor wedged inside — a strategy many companies took while dipping a toe in the EV pool. The result was a green vehicle with an acceptable, but not very impressive, range.
Well, today at the Los Angeles Auto Show, VW announced that it has made the e-Golf more competitive by extending its legs and broadening its horizons.
Volkswagen’s disastrous diesel debacle could nearly be over in the U.S.
Bloomberg has reported that sources close to the issue claim VW and U.S. regulators have agreed on a plan for the roughly 80,000 Volkswagen, Audi and Porsche vehicles equipped with emissions-cheating 3.0-liter engines. Those sources have also revealed how many vehicles will be bought back and scrapped, and how many will live to see another day.
As U.S. and European authorities gear-up for another round of investigations, Volkswagen confirmed Audi did produce cars equipped with software that can distort emission test results. Although VW was careful not to be too committal in its wording, hinting at it being a handy driver’s assist instead of a defeat device.
This must be a great time to be a corporate lawyer.
The journey Volkswagen’s uber-American midsize crossover took between CrossBlue concept and Atlas production model was a long one, but it isn’t over.
Though production begins next month in Chattanooga, Tennessee, the model created in the hopes of tapping America’s utility vehicle addiction leaves many questions about its future unanswered.
No, you aren’t losing your mind. This isn’t a completely new form of transportation or an abstract piece of rolling art. What you are seeing is Volkswagen’s venerable hatchback after its mid-cycle update.
This mutilated Golf may be confusing at first, but the more you look at it, the more familiar it begins to appear. The cabin, however, has a surprise in store.
Thanks to U.S. regulators and a new consumer advocacy lawsuit, Volkswagen’s diesel emissions scandal now includes gasoline-powered Audis!
That, Continental still believes in rubber, the NHTSA plans on staying the course after their captain leaves the ship, and Toyota takes a knee on Superbowl LI… after the break!
Some California tuners are in hot water with Ford after bringing a custom Mustang to SEMA that intentionally looks like the blue oval’s flagship supercar.
That, Michigan’s historic Willow Run factory may be paving the way for the automotive future, Volkswagen is being sued by yet another state, and VW’s chairman is getting back up on the hook as German prosecutors place him back under the microscope… after the break!
In automotive terms, Volkswagen’s go-to MQB platform might end up having a lifespan somewhere between a Fox and a Panther.
Eager to stretch its meager dollars to Gumby-like proportions, the embattled automaker has announced that the platform underpinning most of its vehicles won’t die after two generations. Nah, let’s make it three, VW brand chief Herbert Diess said.
That means some vehicles, such as the stalwart Golf, will eventually ride on a platform old enough to drink in the United States.
The sudden termination of historian Manfred Grieger’s contract with Volkswagen is generating controversy in Germany, with some accusing the automaker of trying to put a lid on its dark past.
Grieger spent 18 years on the VW payroll, and was hired specifically to air the automaker’s dirty laundry. During his time with the company, Grieger penned detailed accounts of Volkswagen’s wartime use of forced labor from concentration camps while opening up the company’s archives to journalists and historians.
The New York Times reports that his contract came to an end this week. Some suspect that Grieger’s criticism of a report on Audi’s past led to his departure, and they worry VW could be trying to downplay revelations about its history with the Nazis and Brazil’s military dictatorship.
Federal authorities busted numerous nefarious organizations for selling illicit auto parts at the SEMA show this week.
That, the automotive industry loses Martin Leach, endangering lives has led Takata to mull bankruptcy, and VW’s diesel emissions scandal continues as the company races for the finish line… after the break!
Volkswagen’s expensive diesel emissions scandal has forced cost cutting on anything that isn’t electric and its rally team is next on the chopping block. Quitting while ahead is ideal but abandoning a program due to financial woes and public shame after a hot streak doesn’t exactly smack of going out on top.
That, Toyota invents a box that allows anyone to use your car, Tesla’s zero-emission credits may soon be worth less, and Ford makes peace with its Canadian autoworkers at the buzzer… after the break!
The Atlas, Volkswagen’s entry into the hotly contested three-row crossover segment, is here — and it has the company’s future fortunes resting on its shoulders.
Volkswagen has not been doing well in the United States. Since 2012, its best sales year this millennia, VW has shed 30 percent of its sales volume. The brand that invented the compact car in the eyes of many Americans now finds itself in 14th place on the brand leaderboard with a 1.6 percent market share.
Dieselgate didn’t help, but its unbalanced product range may be the more nagging culprit. This is VW’s first mainstream, three-row crossover.
Bob Lutz has worked as an executive for General Motors, Chrysler, Ford, and BMW at various points in his storied life. Saying he’s a man who is well-versed in the automotive industry would be a colossal understatement. And that expertise has led him to the assertion that a certain manufacturer is a cult led by a false god.
That, Audi has abandoned its wildly successful career in endurance racing for something far less popular, Ford takes a financial body blow, and Volkswagen Group continues to suffer with Porsche as its sugar daddy… after the break!
Is there something in diesel fuel that makes Volkswagen owners feel they’re extra, extra special? They’re clearly a hard bunch to please, as the judge overseeing the automaker’s U.S. diesel emissions settlement is tired of hearing their demands for more, more, more.
After a year of wrangling, District Court Judge Charles Breyer has approved the $14.7 billion deal, setting in stone the buyback program and cash settlements to owners and U.S. regulators. Sure, the company’s diesel vehicles pump out up to 40 cars’ worth of pollution each, but how much cash are owners expecting to collect?
The halo effect isn’t working for Acura with its NSX.
That, governments in Canada and those of states in the U.S. are still looking to make Volkswagen suffer for crimes against nature, Ford decides to stop producing the F-150 for a bit, Subaru reconsiders its headquarters in New Jersey, and VW could be forced to buy back all its vehicles sold with defeat devices … after the break!
Volkswagen’s plan to cut costs by cancelling underperforming models isn’t enough to right the scandal-rocked ship.
With an incredibly powerful workers union breathing down its neck, trimming its ranks has proved a tough operation. Meanwhile, there’s only so many models it can drop, and bills are coming due from the many fines, settlements, and lawsuits stemming from the diesel debacle.
How does Volkswagen get rid of 25,000 employees while placating a union boss who sits on the supervisory board?
According to Reuters, the answer comes down to one word: attrition. Specifically, retiring Baby Boomers.
Volkswagen Chief Executive Officer, Matthias Müller, had no prior knowledge of his company’s diesel cheating emission software, reports German newspaper Bild am Sonntag.
Jones Day, the law firm investigating the diesel scandal, has concluded the replacement CEO found out about the scandal on September 18, 2015, one week before taking over at VW and the very same day that U.S. regulators revealed to the rest of the world that Volkswagen pulled a fast one on the Environmental Protection Agency.
The long journey back from the economic damage wrought by the diesel emissions scandal is taking Volkswagen down new roads.
In a bid to boost the profitability of its remaining non-diesel lineup, the automaker will introduce a wholly new model aimed at the premium car crowd, Bloomberg reports.
A figure of Greek mythology with very strong back muscles will find his name plastered on Volkswagen’s upcoming three-row crossover.
According to Automobilwoche, German affiliate of Automotive News, Volkswagen has decided to name their high-hopes, Chattanooga-built model the Atlas.
Volkswagen AG is making nice with its once-ornery U.S. dealer network to the tune of $1.85 million per dealer.
The automaker announced details of its $1.21 billion dealer settlement late yesterday, Reuters reports, with cash payouts to its 652 dealers spread out over the next 18 months. Meanwhile, once-loyal Volkswagen owners have hopped on the buyout bandwagon in big numbers.
After the awkward auto show apologies of the past year, Volkswagen executives are looking forward to a rosy time in the near future after the brand stabilizes itself.
Those “good times” will return, according to global brand chief Herbert Diess, but not before three to four years of rough slogging. In a Bloomberg TV interview from the Paris Auto Show, Diess mulled adding new models to its U.S. lineup.
Looking something like an unborn child peering with sightless eyes from inside an amniotic sack, the Volkswagen I.D. concept vehicle has been revealed ahead of the Paris Auto Show.
The description is apt, as Volkswagen sees the I.D. as an embryo, heralding a long-range electric vehicle slated for production within four years.
It has been a year since we learned that Volkswagen’s tranquil and oh-so-green “clean diesel” utopia was actually a carefully constructed facade hiding a scorched wasteland of pollution and lies. Apparently, that doesn’t mean the jokes need to stop.
The scientific humor magazine Annals of Improbable Research has awarded the financially hurting automaker with a notorious prize that most recipients usually build a fun evening around. It’s extremely, no, absolutely likely that Volkswagen didn’t appreciate the humor.
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.
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- Art_Vandelay UAW leadership always brings up CEO pay. Yet they never bring up that their last deal would likely have been better for membership had they not been on the take from those same CEO's. UAW members have far more beef with their own leadership than senior management of their companies.
- IH_Fever Another day, more bloviating between the poor downtrodden union leeches and the corporate thieves. But at least pantsuit guy got a nice new shirt.
- IH_Fever I can't wait to see an Escalade on 24"s blow the brakes off of the competition!
- Redapple2 Why does anyone have to get permission to join? Shouldnt the rules to race in a league be straight forward like. Build the car to the specs. Pay the race entry fee. Set the starting grid base on time trials.?Why all the BS?I cant watch F1 any more. No refuel. Must use 2 different types of tires. Rare passing. Same team wins every week. DRS only is you are this close and on and on with more BS. Add in the skysports announcer that sounds he is yelling for the whole 90 minutes at super fast speed. I m done. IMSA only for me.
- Redapple2 Barra at evil GM is not worth 20 mill/ yr but dozens (hundreds) of sports players are. Got it. OK.