• VW crisis highlights governance problems
    • 27/10/2015
    • Posted by: Simon Wait
    • Category: News
    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 [...]
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  • Sedran to head-up VW strategy
    • 27/10/2015
    • Posted by: Simon Wait
    • Category: News
    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 [...]
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  • Toyota overtakes VW in sales
    • 26/10/2015
    • Posted by: Simon Wait
    • Category: News
    Toyota has retaken to the top spot in global vehicle sales after releasing figures for the first nine months of the year. The Japanese firm sold 7.5 million in the first three quarters of 2015, beating Volkswagen's 7.43 million and General Motors' 7.2 million. After the first six months of the year, VW overtook [...]
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  • Consumers still favour diesel
    • 20/10/2015
    • Posted by: Simon Wait
    • Category: News
    Despite the ongoing diesel emissions scandal Volkswagen finds itself caught up in, it seems that the consumer is still willing to choose diesel engines over petrol units. With the scandal in full flow, Motoring.co.uk surveyed a proportion of its 1 million monthly readership. The results revealed that 61% would [...]
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  • VW made several defeat devices
    • 19/10/2015
    • Posted by: Simon Wait
    • Category: News
    According to new insider reports Volkswagen made several versions of its defeat device software. The sources claim that Volkswagen altered its illegal software for four engine types, one of which includes a VW manager with knowledge of the matter, and another is cited as a US official close to an investigation into [...]
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  • VW crisis may benefit system suppliers
    • 16/10/2015
    • Posted by: Simon Wait
    • Category: News
    Vehicle emissions-control system manufacturers such as Johnson Matthey and France's Faurecia are set to gain more from the scandal that Volkswagen is currently caught up in, investors say. VW needs to fix up to 11 million vehicles worldwide, and the scandal is likely to lead to tighter regulation for the automotive [...]
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  • VW boss says firm will recover
    • 16/10/2015
    • Posted by: Simon Wait
    • Category: News
    The newly appointed Volkswagen boss, Matthias Mueller, has said the company will recover from the diesel emissions scandal in two to three years. In a speech to managers he said the company needed to become leaner and take decisions more rapidly. The comments come as VW said it would recall 8.5 million cars in [...]
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  • VW owners want compensation
    • 15/10/2015
    • Posted by: Simon Wait
    • Category: News
    Some 90% of UK Volkswagen drivers who could be affected by the diesel emissions scandal believe they should be compensated, according to a survey by Which? A massive 96% said fuel efficiency was a key consideration when they bought their car, while 90% viewed environmental impact as an important factor. VW has [...]
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  • 30 managers involved in VW scandal
    • 14/10/2015
    • Posted by: Simon Wait
    • Category: News
    At least 30 managers were involved in Volkswagen's diesel emissions cheating scandal, according to reports today in German magazine Spiegel, citing internal and external sources. VW's US CEO Michael Horn last week blamed 'a couple of software engineers' for installing the software that defeated emissions tests [...]
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  • VW to cut investment by £750M
    • 13/10/2015
    • Posted by: Simon Wait
    • Category: News
    Volkswagen has said it will cut investment by €1bn ($1.1bn; £750m) a year as a result of the diesel emissions scandal. The troubled German carmaker said efficiency and technology would be the company's watchwords as it ‘repositioned itself for the future’. It added that all new diesel cars would be fitted [...]
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