One source told Reuters that the prospect of VW selling shares to raise money would become a likely scenario if the emissions scandal costs surpassed a “critical level”.
Volkswagen AG’s new chief executive, Matthias Mueller, on Monday, called upon the vehicle maker’s executives to help change the corporate culture, as Volkswagen addresses the biggest challenge in its 78-year-old history following revelations of its large-scale...
According to reports, German automaker Volkswagen’s (VW) supervisory board is scheduled to hold a meeting on Friday, September 25; and will name Matthias Mueller as its new Chief Executive.
Diesel’s obituary has been written before: Rudolf’s, when he vanished 102 years ago; but also that of his engine in the U.S., when a disastrous experiment by Oldsmobile in the 1970s inoculated the public against the fuel. Regardless, it seems extremely probable that...
Washington opened up during her Good Morning America appearance about the status of her Scandal character Olivia Pope’s relationship with President Fitzgerald Grant.
VW admitted that 11 million of its diesel vehicles worldwide were fitted with defeat device software which conned testers into believing their vehicles met environmental standards.
Washington opened up during her Good Morning America appearance about the status of her Scandal character Olivia Pope’s relationship with President Fitzgerald Grant.
Reuters reported last Thursday that VW would fire top brand officials as it tries to recoup from the embarrassment. The economy and transport minister of VW’s home state, Lower-Saxony – which owns about 20pc of VW – said those responsible for allowing the...
In 1987, the automaker was forced to recall more than 250,000 cars because they accelerated unexpectedly. The investigation targets accusations of fraud due to the sale of vehicles with pollution control cheating software, the statement added.
No fewer than 129,000 Volkswagen vehicles registered in Switzerland were affected by the emissions testing scandal, the company’s Swiss distributor, AMAG said.