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The European Union warned Volkswagen in 2018 that it did not believe it was moving fast enough to issue repairs on the recalled cars, provide consumers with appropriate information on what steps Volkswagen was doing to resolve the problem, and what compensation they were offering affected consumers. [197]
The Volkswagen XL1, with potential mileage as high as 261 mpg ‑US (0.9 L/100 km), is the most fuel-efficient car in the world.. In 1974 Volkswagen paid a $120,000 fine to settle a complaint filed by the Environmental Protection Agency over the use of so-called "defeat devices" that disabled certain pollution-control systems.
The major truck manufacturers also had to spend up to $1 billion to correct the problem, which affected 1.3 million heavy duty diesel trucks. [65] [71] While Volkswagen's actions have precedents, the Center for Auto Safety's Clarence Ditlow said that Volkswagen "took it to another level of sophisticated deception we've never seen before." [65]
Citing company sources, Handelsblatt reported that Porsche, Volkswagen Group’s cash cow, was forced to cut expenses by roughly €1.5 billion ($1.6 billion) last year, nearly three times the ...
Volkswagen has sold its plant in Xinjiang, a region in northwestern China beset by accusations of human rights abuses, citing “economic reasons.”
If the planned merger fails, there is the possibility that Volkswagen will increase its 49.9% stake in Porsche or switch to a put/call structure whereby Porsche sells its car-making assets to ...
Volkswagen (VW; German pronunciation: [ˈfɔlksˌvaːɡn̩] ⓘ) [Note 1] is a German automobile manufacturer based in Wolfsburg, Lower Saxony, Germany.Established in 1937 by The German Labour Front, it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst.
Volkswagen AG (German: [ˈfɔlksˌvaːɡn̩] ⓘ), known internationally as the Volkswagen Group, is a German public multinational conglomerate manufacturer of passenger and commercial vehicles, motorcycles, engines and turbomachinery.