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VW diesel crisis deepens
- 28/09/2015
- Posted by: Simon Wait
- Category: News
Following last week’s news that Volkswagen admitted tampering with diesel emission ratings in the US, and possibly worldwide, new leaked documents show that Bosch, warned VW in 2007 over the legality of ‘defeat devices’. The German engineering firm, is said to have explained in a memo to VW that use of the [...] -
VW CEO resigns over diesel scandal
- 23/09/2015
- Posted by: Simon Wait
- Category: News
Volkswagens CEO Martin Winterkorn has announced his resignation following the admission that the company tampered with diesel emission ratings in the US. ‘I am shocked by the events of the past few days. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group.’ ‘As CEO [...] -
Global emissions standard is missing
- 23/09/2015
- Posted by: Simon Wait
- Category: News
Frost & Sullivan’s Principal Consultant, Martyn Briggs, has commented on the ongoing VW Diesel ‘Defeat Device’ scandal. ‘The Volkswagen (VW) Diesel emissions scandal affair is unprecedented, owing to the apparent deceit involved to ‘cheat’ the emissions testing. CEO Martin Winterkorn having to step [...] -
VW board gathers for crisis meeting
- 23/09/2015
- Posted by: Simon Wait
- Category: News
Senior directors of Volkswagen are due to meet to discuss what action to take after the company was caught manipulating its diesel car emissions tests. Volkswagen faces multiple probes in the US by the Department of Justice, which could result in huge financial losses for the firm. The German carmaker has [...] -
SMMT statement on emissions testing
- 23/09/2015
- Posted by: Simon Wait
- Category: News
The Society of Motor Manufacturers and Traders (SMMT) has released a statement following an admission by the world's biggest carmaker, Volkswagen, that it deceived US regulators in exhaust emissions tests. ‘The UK automotive industry understands the concerns consumers may have following the actions of one [...] -
VW dismissing CEO over emissions scandal
- 22/09/2015
- Posted by: Simon Wait
- Category: News
Volkswagen will dismiss Chief Executive Martin Winterkorn, according to reports in a German newspaper, after the carmaker admitted to cheating US vehicles emissions tests and said 11 million of its cars could be affected worldwide. The Tagesspiegel newspaper, cited unnamed sources on Volkswagen's supervisory board, [...] -
VW and Audi face credibility question
- 22/09/2015
- Posted by: Simon Wait
- Category: News
Volkswagen and Audi could be facing a major credibility crisis in the UK market after the revelation that the company deliberately 'fixed' emissions software fitted to some of its vehicles in the US, say Glass's. The scandal means that models including the Audi A3, Volkswagen Jetta, Beetle, Golf and Passat were all [...] -
VW apologise for emissions error
- 21/09/2015
- Posted by: Simon Wait
- Category: News
Volkswagen has apologised after US regulators found some of its cars disguised pollution levels. VW chief executive, Martin Winterkorn said, ‘I personally am deeply sorry that we have broken the trust of our customers and the public.’ An investigation has now been launched into the device that allowed VW [...] -
Suzuki to buy back VW stake
- 16/09/2015
- Posted by: Simon Wait
- Category: News
Japanese car maker Suzuki, is to buy back the 19.9 per cent stake held by top shareholder Volkswagen AG for up to £2.53 billion, after an international arbitration court last month ordered the German automaker to sell its holding. Suzuki said on Thursday it will repurchase as many as 122.77 million shares at [...] -
Mazda and VW recall 600,000 cars
- 17/08/2015
- Posted by: Simon Wait
- Category: News
Car makers Volkswagen and Mazda have had to recall over 600,000 vehicles in the US. Volkswagen has had to recall vehicles due to air bag issues and Mazda are recalling vehicles because of potential steering loss. Volkswagen issued a vehicle recall order covering 420,000 vehicles in the United States due to an [...]