Volkswagen hopes to reach a final settlement with U.S. authorities over the automaker’s diesel-emissions scandal next month so that it can get moving on a recovery plan that will include the launch of new crossover and electric vehicles, the brand’s global sales chief, Juergen Stackmann, said.
A German court revived criminal charges against two former Porsche SE executives involving a failed takeover of Volkswagen, saying prosecutors’ findings indicate it “seems quite likely” the company hid its plan.
Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world’s largest car market. An investigation by Chinese authorities found that Audi’s dealer arm, FAW-Volkswagen Sales Co., had “violated national anti-monopoly laws,” the automaker said in an statement e-mailed to Automotive News Europe.
The Hyundai case has continued this week. Czech dealers and repairers of the Korean brand continue to protest against domestic import company, Hyundai Motor Czech. They proclaim a suspicion of abusing its market position to the antimonopoly authority.
Hyundai Motor Czech has failed in a complaint to the Car Importers Association (SDA). The company did not like that the SDA has restricted access to information on the registration of vehicles in the country. Czech Antimonopoly office stopped investigation for possible breaches of competition rules.
Automakers offers fresh news delivered to your E-mail inbox three times a week, and from January 2006 daily newsletters. All news and Web content is available in both Czech and English languages. The content of the newsletters is details about new products and pricing, info about retail sales tactics and developments and comprehensive coverage from the world of suppliers and manufacturers.