Tag Archives: VW

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 […]

Diesels remain popular after scandal

New research for AA Cars suggests that faith in diesel cars is not being severely dented following the recent emissions scandal. More than a quarter of car buyers (28%) say they will opt for a diesel motor – that’s just 1% down from a similar survey carried out in May and 2% down from December 2014. Between December 2012 and […]

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 […]

More VW cars involved in diesel scandal

Volkswagen cars with bigger diesel engines also contained software designed to dupe emissions testing, according to the US Environmental Protection Authority. The scandal has widened to include luxury brand Porsche and Audi, the EPA said VW also used devices to cheat air-pollution tests in 3.0 litre V6 diesel engines used mostly in larger, more expensive models. However, VW denies the vehicles […]

EU emissions testing to get stricter

Emissions testing in the European Union is to get stricter after the recent Volkswagen scandal. It should mean that motorists buying a car fuelled by diesel will get greater peace of mind that their car meets environmental standards and is not excessively polluting the air. EU officials say the new tests will reflect real-life road conditions within the next two years. This […]

Matthias Müller unveils VW’s next steps

Matthias Müller, chairman of the board of management of Volkswagen, has announced the five key steps to realign the Group. ‘We have to look beyond the current situation and create the conditions for Volkswagen’s successful further development,’ said Müller in Wolfsburg. He presented a five point plan that he intends to use so that Volkswagen remains one of the world’s […]

VW profits plummet after emissions scandal

The diesel emissions scandal drove Volkswagen to an operating loss of around £2.5 billion between July and September, it has emerged. New figures reported by the German car manufacturer show it would have made a quarterly profit of about £2.3 billion had it not been for the emissions testing scandal. But with the group setting aside some £4.8 billion to […]

VW sends industry into ‘tailspin’

According to Frost & Sullivan, Volkswagen’s (VW) actions of circumventing Environmental Protection Agency (EPA) testing in the US has sent the global automotive industry into a tailspin. ‘As an immediate impact of the scandal, Volkswagen Group sales are expected to fall by two to four percent by 2020,’ claims Frost & Sullivan Automotive and Transportation Senior Research Analyst, Arun Chandranath. […]

VW crisis highlights governance problems

A new report published by Moody’s has stated that the VW emissions crisis highlights serious corporate governance problems at Volkswagen, and that while the ongoing management reshuffle is positive, the high turnover creates risks. Yasmina Serghini-Douvin, vice president and senior credit officer at Moody’s said, ‘VW’s emissions crisis has brought to light serious corporate governance issues within the company that we view […]

Sedran to head-up VW strategy

Dr Thomas Sedran has been appointed Head of Group Strategy at the Volkswagen Group. He takes up this post with effect from 1 November 2015 and will report to the CEO, Matthias Müller. Thomas Sedran holds a Master’s degree in business administration from the University of Hohenheim and a PhD from Ludwig Maximilian University in Munich. Thomas worked as a […]

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