Volkswagen Group’s powerful labor unions vowed to block the automaker’s plan to build a factory in Turkey until violence triggered by the country’s cross-border offensive in northern Syria has stopped.
Volkswagen Group’s two top leaders, CEO Herbert Diess and Chairman Hans Dieter Poetsch, were charged with market manipulation in Germany over allegations they failed to inform investors early enough about the automaker’s diesel-emissions scandal.
The brilliant but ruthless billionaire died Sunday, Aug. 25, at age 82 for reasons believed to be natural, after collapsing while dining at a restaurant. Where he will be burried?
Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes toward crossovers and SUVs.
Volkswagen Group and Ford Motor Co. are expanding their budding alliance to collaborate on development of electric and autonomous vehicles, with the German automaker investing $2.6 billion in cash and assets in Argo AI, and Ford agreeing to use VW’s flexible electric vehicle platform for a future battery electric vehicle in Europe.
A Prague district court has ruled that a number of Czech owners of Skoda and Volkswagen cars qualify for 533 million crowns ($23.30 million) in compensation linked to VW’s diesel emissions scandal.
Volkswagen Group said it will shrink the workforce by up to 7,000 staff, raise productivity and make 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise the brand’s operating margin to 6 percent.
A German court has ruled Volkswagen must reimburse the owner of a diesel Golf the full original price of his vehicle bought in 2012, dealing a blow to the automaker as the legal battles over its emissions-cheating scandal drag on.
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