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Volkswagen is recovering from emission scandal gaining a 28 percent jump of operating profit

It seems that Volkswagen is recovering from the emission diesel scandal. For the first quarter automaker reported a 28 percent jump of operating profit. This development is supported by increase of growth at its core VW brand. Publishing main financial numbers, Volkswagen announced that up to the end of March, company made operating profit 1

By |2018-03-30T00:22:04+00:00April 20th, 2017|Categories: US, Volkswagen, World|Tags: , , |0 Comments

VW settles 10 U.S. state diesel claims for $157 million

Volkswagen AG is slowly moving from the scandal and closing the story by settling with the clients. New calculation is showing that the biggest automaker in the world will pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions. The settlement, announced on Thursday, covers Connecticut, Delaware, Maine, Massachusetts,

By |2018-11-30T15:57:08+00:00March 31st, 2017|Categories: Volkswagen|Tags: , , |0 Comments

VW’s Oliver Schmidt to stay in prison until his trials began at the beginning of the next year

Oliver Schmidt, the Volkswagen executive was imprisoned this January while he was on his vacation in Florida. He have tried to go back to Germany but U.S. authorities incarcerated him, and last week federal court decided that he will stay in prison until his trials began at the beginning of the next year. He is

By |2018-11-30T15:57:11+00:00March 20th, 2017|Categories: US, Volkswagen, World|Tags: , , , , , |0 Comments

Volkswagen pleaded guilty to three felonies: conspiracy, obstruction of justice and introducing imported merchandise into the United States by means of false statements

Volkswagen Group pleaded guilty Friday in U.S. District Court here to three felonies under a plea agreement: conspiracy, obstruction of justice and introducing imported merchandise into the United States by means of false statements. VW’s legal peril with the U.S. government may be over, but its buybacks continue, as does civil ligation in the U.S.

By |2018-11-30T15:57:13+00:00March 11th, 2017|Categories: US, Volkswagen, World|Tags: , , , |0 Comments

Volkswagen abandoning diesel in future U.S. business

Different stories was launched from the headquarters of Volkswagen regarding the Diesel vehicles, last couple of months. At the Paris Auto Show in September, CEO of VW said that the producer is reconsidering to offer diesel models to the U.S. market. Last week the CEO of Volkswagen Group of America, Hinrich Woebcken, told reporters: "Emissions

By |2018-11-30T15:57:34+00:00November 23rd, 2016|Categories: US, Volkswagen, World|Tags: , , , |0 Comments
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