Volkswagen Crisis

Herbert Diess took over at Volkswagen AG four years ago when the German automaker was in crisis, under pressure to make dramatic changes in strategy and culture, and the former BMW executive offered a new vision.

Volkswagen is just using the excuse of the semiconductor crisis to terminate the model as it can't be left with dead inventory.

Volkswagen sees no need for a four-day week at its plants to secure jobs despite a growing shift to electric cars that are easier to build and require fewer workers, the company's head of labour relations was quoted saying on Sunday. Germany's largest trade union IG Metall on Aug. 15 proposed negotiating for a transition to a four-day week across i...

Volkswagen has stopped hiring new staff at its core brand until year end, VW's brand's chief said on Wednesday. Despite a slight recovery in demand, car sales remain below levels seen before the coronavirus crisis, Ralf Brandstaetter said in an interview published in an internal VW newsletter, which was seen by Reuters.

Auto production in Mexico and Brazil, Latin America's top producers, plunged by an unprecedented 99% in April as a result of the coronavirus crisis, with the two countries building a total of just 5,569 vehicles. In normal times, Mexico and Brazil produce over half a million cars a month combined. The industry accounts for hundreds of thousands of ...

Volkswagen India had an eventful start to the year with the company showcasing the Taigun Compact SUV concept at the 2020 Auto Expo and kicking off the highly-anticipated India 2.0 strategy that brings new products, more dealerships and a more India-centric approach towards the business. However, the unprecedented Coronavirus crisis has put several...

Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia, which lost its dominance in the handset market to Apple.

Audi chief executive Rupert Stadler has been arrested on suspicion of fraud in connection with parent company Volkswagen's "dieselgate" emissions cheating scandal, German prosecutors said today.

The car industry is Germany's biggest exporter and employs more than 800,000 people. It was plunged into crisis two years ago when Volkswagen admitted to cheating U.S. diesel emissions tests.

Former Volkswagen chief executive Martin Winterkorn received emails about the company's emissions crisis one year before it became public, the company said in a statement Wednesday.

Volkswagen is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive US regulators about the true level of their toxic emissions.

Europe's largest carmaker is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive US regulators about the true level of their toxic emissions.

As Volkswagen struggles with its biggest ever crisis over the global pollution cheating scandal, its car parts suppliers in Germany are bracing for deep cuts.

Regulators and prosecutors across the world are investigating the scandal, while customers and investors are launching lawsuits.

From the local museum to the main football stadium to the theme park down the road, everything in the German town of Wolfsburg has something of Volkswagen.

Herbert Diess took over at Volkswagen AG four years ago when the German automaker was in crisis, under pressure to make dramatic changes in strategy and culture, and the former BMW executive offered a new vision.

Volkswagen is just using the excuse of the semiconductor crisis to terminate the model as it can't be left with dead inventory.

Volkswagen sees no need for a four-day week at its plants to secure jobs despite a growing shift to electric cars that are easier to build and require fewer workers, the company's head of labour relations was quoted saying on Sunday. Germany's largest trade union IG Metall on Aug. 15 proposed negotiating for a transition to a four-day week across i...

Volkswagen has stopped hiring new staff at its core brand until year end, VW's brand's chief said on Wednesday. Despite a slight recovery in demand, car sales remain below levels seen before the coronavirus crisis, Ralf Brandstaetter said in an interview published in an internal VW newsletter, which was seen by Reuters.

Auto production in Mexico and Brazil, Latin America's top producers, plunged by an unprecedented 99% in April as a result of the coronavirus crisis, with the two countries building a total of just 5,569 vehicles. In normal times, Mexico and Brazil produce over half a million cars a month combined. The industry accounts for hundreds of thousands of ...

Volkswagen India had an eventful start to the year with the company showcasing the Taigun Compact SUV concept at the 2020 Auto Expo and kicking off the highly-anticipated India 2.0 strategy that brings new products, more dealerships and a more India-centric approach towards the business. However, the unprecedented Coronavirus crisis has put several...

Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia, which lost its dominance in the handset market to Apple.

Audi chief executive Rupert Stadler has been arrested on suspicion of fraud in connection with parent company Volkswagen's "dieselgate" emissions cheating scandal, German prosecutors said today.

The car industry is Germany's biggest exporter and employs more than 800,000 people. It was plunged into crisis two years ago when Volkswagen admitted to cheating U.S. diesel emissions tests.

Former Volkswagen chief executive Martin Winterkorn received emails about the company's emissions crisis one year before it became public, the company said in a statement Wednesday.

Volkswagen is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive US regulators about the true level of their toxic emissions.

Europe's largest carmaker is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive US regulators about the true level of their toxic emissions.

As Volkswagen struggles with its biggest ever crisis over the global pollution cheating scandal, its car parts suppliers in Germany are bracing for deep cuts.

Regulators and prosecutors across the world are investigating the scandal, while customers and investors are launching lawsuits.

From the local museum to the main football stadium to the theme park down the road, everything in the German town of Wolfsburg has something of Volkswagen.