Tag Archives: dieselgate

VW reduce level of capex

The Volkswagen Group is aligning investment activity in its Automotive Division with the current situation. The aim is for planned investments in property, plant and equipment, investment property and intangible assets, excluding capitalized development costs (capex), to be capped at approximately EUR 12 billion next year. The average figure for the previous planning period was about €13 billion per year. […]

EAC suggest diesel scrappage scheme

The Environmental Audit Committee published a report today that suggests the Government should consider a diesel scrappage scheme and ensure that Vehicle Excise Duty (VED) changes tackle harmful NO2 pollution as well as climate-changing CO2 to encourage drivers to move away from polluting diesel vehicles. The report was published in response to the Government’s Draft plans to improve air quality in the UK.  Environmental […]

VW must meet cost of retests

Volkswagen will have to meet the costs of retesting its vehicles in Britain in the wake of the diesel and carbon dioxide emissions scandals engulfing the German carmaker, Britain’s transport minister said on Tuesday. In a letter to lawmakers, transport minister Patrick McLoughlin said, ‘We have made clear to Volkswagen Group that they will have to meet the costs incurred by VCA […]

VW set diesel scandal amnesty deadline

Volkswagen has set a deadline of 30 November for staff with knowledge about its cheating in diesel emissions tests, so that they can come forward. Workers who speak up now to internal investigators will be exempt from dismissal, according to a letter from VW brand chief Herbert Diess. Mr Diess said the offer was being made in the interests of […]

VW drivers could face 10-month wait

Motorists are being warned that work to fix some of the cars affected by the Volkswagen diesel emissions scandal will not start until next autumn. Paul Willis, the boss of VW’s UK divisions, said work on vehicles with 1.6-litre EA189 engines is scheduled to get under way on 26 September. It is hoped work on cars with 2.0-litre engines, meanwhile, […]

VW causes fall in Porsche profits

Profits at Porsche, which owns a controlling stake in Volkswagen, have plunged in the wake of the diesel emissions scandal at VW. Porsche’s pre-tax profit more than halved to €1.19bn (£841m) for the nine months to 30 September. The luxury carmaker warned last month that profits would be hit by the revelations, which affect 11 million vehicles produced by the VW […]

VW offers goodwill gesture in US

Motorists in the US affected by the Volkswagen diesel emissions scandal have been offered a goodwill gesture. VW’s offer will see customers in America receive vouchers and gift cards worth $1,000. In addition, the 482,000 motorists will be offered roadside assistance free of charge – providing they have had their VW vehicle since at least November 2012. Audi is expected […]

VW board agree on plan of action

The CEO of Volkswagen, Matthias Müller, and the chairman of the Group Works Council of Volkswagen AG, Bernd Osterloh, agreed on the further procedure for investment and capacity planning. A series of talks between the board of management and the employee representative body will take place over the coming ten days in order to find a common path for the future […]

VW emissions scandal continues

Shares in Volkswagen have dropped after it reported ‘irregularities’ in carbon dioxide emissions levels, which could affect around 800,000 cars in Europe. VW said the problem, which it came across while investigating diesel emissions, could cost the firm around €2bn (£1.4bn). This new issue could affect brands including VW, Audi, Skoda and Seat and the issue mainly affects diesels, but […]

Porsche recall Mecans over fuel hose

Premium carmaker Porsche is recalling almost 59,000 of its Macan models worldwide after a fault with the fuel hose was identified. Porsche is contacting the owners of 58,881 Macan S and Turbo models after a problem was spotted inside the engine bay, which could potentially cause petrol leaks and risk of fire. It is estimated that around 1,200 vehicles in […]

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