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VW takes $18bn hit over emissions scandalVolkswagen (VW) said on Friday it would take a 16.2-billion-euro ($18.2 billion) hit to its 2015 results and slash its dividend to help pay for its emissions-test cheating scandal. The news came amid growing signs a regulatory cla More… |
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Bosch sued over alleged role in VW scandalGerman auto supplier Robert Bosch GmbH has been accused of conspiring with Volkswagen AG to evade diesel emissions standards in at least 11 million vehicles worldwide in a class action lawsuit filed late on Monday. The lawsuit fil More… |
VW to freeze promotions over emissions scandalVolkswagen will freeze managerial promotions next year at its VW division as part of a savings drive to help meet more than 30 billion euros of costs arising from the diesel emissions tests scandal, a German business magazine said on Saturday. More… |
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VW to cut $1.1bn investment in core brandVolkswagen will cut investment at its biggest division by 1 billion euros ($1.1 billion) a year and speed up cost cutting, the carmaker said on Tuesday, as it strives to cope with fallout from its cheating of diesel emissions tests. More… |
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VW will overcome crisis: new chiefHans Dieter Poetsch, the incoming chairman of Volkswagen (VW, sees the scandal around the rigging of emissions tests as a threat to the firm's viability albeit a surmountable one, a newspaper quoted him as saying. At an intern More… |
