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Possible raids at Porsche Automobil Holding SE amid VW diesel

Porsche Automobil Holding SE cannot rule out the possibility that investigators acting on behalf of German public prosecutors may raid its premises in connection with Volkswagen Group's diesel emissions scandal.Porsche SE is an investment vehicle which owns the majority of VW's voting shares. Stuttgart prosecutors confirmed earlier this month that

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,

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,

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

Audi in the focus of investigators

German prosecutors searched Audi's two biggest plants and other sites on Wednesday in connection with the Volkswagen emissions scandal. Investigation is on the luxury division and its Chief Executive Rupert Stadler. Newspaper Deutsche Zeitungen and television ARD reported that the main headquarters of the German producers in Ingolstadt are under

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

VW is not interested to merge with FCA

CEO of Volkswagen Matthias Mueller have stopped the rumors about the merging of his company with Italian rival Fiat Chrysler. The rumors about merging two automotive giants started after FCA CEO Sergio Marchionne said last week that VW could be an attractive prospective partner and may be interested in talks.

Volkswagen paid $2.9 billion for buying 487,000 polluting 2.0-liter vehicles

According to the court documentation that have become public, Volkswagen AG has paid $2.9 billion for buying back almost 138,000 U.S. diesel vehicles up to February 18th. Al this under the settlement for emission violations, disclosed in 2015. Unofficial sources said that Automaker from Germany is purchasing back or closing

Bentley preparing its all-electric SUV

All biggest world automakers are trying to stay in the market race with lineups including electric cars. No matter that they already producing all-electric cars such Tesla, or they just about to start production like Mercedes, Audi, Porsche, and others. If we are not talking about the vehicles for buyers

VW need to balance production in North America, to meet the Trumps big tax threats

Volkswagen facing problem after problem in U.S. market. After acceptance to pay more than $23 billion to cover its diesel-cheating scandal, the German car maker is facing the president Donald Trumps proposed border tax in amount of 35%, due to the biggest production on the continent is in Mexico, while