#VWAG

People who buy cars from brands like Bentley aren’t generally concerned with things like recessions and the opinions of the masses, but the automaker thinks its customers are buying fewer expensive cars because they feel bad about showing off. Bentley CEO Adrian Hallmark said the company’s disappointing profit numbers from 2023 reflect its buyers’ “emotional sensitivity.”

Despite Volkswagen delivering an impressive 10.74 million vehicles in 2017, Nissan-Renault Alliance head Carlos Ghosn says his automotive group was actually the top sales dog. VW managed a 4.3-percent increase over last year’s volume and set a new record for itself, but Ghosn argues that doesn’t matter if it’s counting heavy truck sales in its total sum.

“The [Renault-Nissan] alliance, with more than 10.6 million light private and commercial vehicles sold in 2017, is the premier global automobile group,” the CEO told a parliamentary committee hearing in Paris.

Volkswagen Group said on Thursday that it would be petitioning Germany’s constitutional court to overturn the appointment of a special auditor to investigate the actions of its management during its diesel emissions scandal. Appointed last November, the auditor’s goal is to establish whether or not VW’s top brass withheld information about the manipulation of vehicle emissions as they related to testing.

Even thought the automaker has said it wanted to improve transparency shortly after the scandal kicked off in September of 2015, Volkswagen wants the work of the auditor suspended prior to the constitutional-court hearing against it. This begs the question: Does VW still have something to hide or is it so fed up with the litigation surrounding “dieselgate” that it’ll do just about anything to keep officials from dredging up the past?

One of the handful of Volkswagen Group executives that have been forced to appear in front of a judge over the company’s widespread emission scandal, Oliver Schmidt, has exclaimed he was misused by his employer after issuing a guilty plea. Unless the charges are revised prior to sentencing, the former VW employee has copped to conspiracy to defraud the federal government and violating the Clean Air Act. A third charge of aiding and abetting wire fraud was rolled into the conspiracy charge.

The admission to corporate wrongdoing was made in August. However the claim that the company had taken advantage of him came later via a letter to U.S. judge Sean Cox.