Volkswagen Archive

Former VW CEO quits as Audi chair as emission-scandal probes continue

Image credit: wbur.org Former Volkswagen Chief Executive Martin Winterkorn has stepped down as chairman of luxury brand Audi amid an investigation of two emissions scandals that occurred during his reign at Europe’s largest carmaker. Winterkorn quit his post at Audi on Wednesday, a spokesman at the Ingolstadt-based carmaker said on Thursday, after resigning as chief executive [&hellip

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Volkswagen just announced a second emissions scandal and ‘the magnitude could be much bigger in scale’

A second act in Volkswagen’s massive emissions scandal just began. Late on Tuesday night VW Group announced that the company had identified “irregularities in CO2 levels” which had emerged as part of internal investigations. As many as 800,000 vehicles could be affected across the entire group, according to the release. Shares are getting crushed in [&hellip

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Volkswagen just made its first quarterly loss in 15 years

Volkswagen’s Q3 results have just rolled out, and as expected, they are not pretty. It’s the company’s first quarter-on-quarter loss in 15 years. The loss runs to €3.48 billion ($3.84 billion or £2.51 billion), worse than the €3.26 billion ($3.60 billion or £2.35 billion) expected. According to Reuters, the automaker is reporting that full-year profits [&hellip

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The VW emissions scandal created a gap for this world-changing piece of car technology

Castrol, the British producer of industrial and automotive lubricants, has launched a new piece of technology that could radically change the car industry by 2020. The Nexcel fuel cell marks one of the most significant oil change innovations in automotive history. The container, which can be easily popped in and out of a car, makes [&hellip

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European shares dip as VW and Vodafone lose ground

Source photo European shares dipped lower on Monday, although Vodafone lagged after ending talks with Liberty Global and carmaker Volkswagen, which has been hit by an emissions data scandal, also declined. The pan-European FTSEurofirst 300 index was down 0.1 percent, while the euro zone’s blue-chip Euro STOXX 50 index fell 0.3 percent, with both markets [&hellip

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