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Business Line

Braking bad: auto industry plagued by scandals

In this edition of Business Line we focus on the 'Dieselgate' scandal - the effects on Volkswagen and Mitsubishi along with the unanswered questions for European owners of VWs.

27/04/2016

Germany

Volkswagen emission cheating costs rise to more than €16bn

Volkswagen has announced it will be putting aside €16.2 billion to help pay for its emissions scandal, more than double the €6.7 billion it told

23/04/2016

Business Series

VW counts cost of emissions scandal as other German carmakers join massive recall

Volkswagen will take a 16.2 billion euro hit over its emissions-test cheating scandal as other German carmakers agreed to recall 630,000 vehicles to fix diesel engine technology.

22/04/2016

USA

Volkswagen reaches deal over emissions scandal for drivers in United States

Volkswagen has reached a deal to compensate drivers in the United States over its emissions scandal. The final details will be announced in June.

22/04/2016

Germany

Volkswagen agrees to compensate US owners of rigged diesel vehicles

The settlement would give US consumers the choice: having Volkswagen buy back the rigged cars or repair them.

21/04/2016

Germany

VW nears deal with US authorities over diesel emissions cheating - reports

Volkswagen has reportedly reached a deal with US authorities to buy back up to half a million cars that cheated diesel emissions tests.

21/04/2016

USA

VW avoids Federal US trial by paying diesel customers 5000 dollars

Volkswagen has reached a deal with the US authorities just hours before the expiry of a deadline to settle in its case of cheating its diesel

20/04/2016

Business Series

VW sales slow again

VW cars recorded another month of falls in sales in March, the 16th out of the last 18 months for Europe’s number one motor manufacturer. Losing only

15/04/2016

Business Series

VW to slash board bonus package in the wake of emissions scandal

The scandal hit car manufacturer Volkswagen looks set to dramatically reduce management bonuses.

11/04/2016

Business Series

Former Porsche boss cleared of market manipulation in VW takeover attempt

Porsche's former chief executive Wendelin Wiedeking has been acquitted of alleged stock market manipulation, over its attempt to take control of Volkswagen in 2008.

18/03/2016

Germany

German court rejects VW customer claim to cancel contract

A court in Germany has rejected a Volkswagen customer’s attempt to cancel his VW contract after the company’s emissions scandal. The German carmaker

16/03/2016

Economy

European carmakers report strong February sales figures

New car sales in Europe jumped by 14% in February, the 30th straight month of growth. Only the Greek and Dutch markets declined. Even Volkswagen

16/03/2016

Business Series

Volkswagen sales fall further

Volkswagen's sales fell further in February following the German carmaker's rigging of diesel engine emissions tests in the US. Sales in Europe did rise 3.7 percent.

11/03/2016

Business Series

VW under mounting legal pressure over emissions scandal

Volkswagen is facing increasing legal pressure over its diesel engine emissions test cheating which could result in more and bigger financial penalties.

09/03/2016

Sport

Mikkelsen tops timesheets after Rally Mexico shakedown

Andreas Mikkelsen topped the timesheets in the shakedown for Rally Mexico on Thursday – the third leg and first gravel test this season. The

03/03/2016

Business Series

South Korea steps up action against Volkswagen over emissions scandal

Volkswagen and Audi's offices in South Korea's capital Seoul have been searched by prosecutors over the diesel engine emissions scandal.

19/02/2016

Europe News

VW scandal: EU deal allows vehicles to exceed pollution limits

EU politicians have backed a compromise deal which will allow vehicles to exceed official pollution limits. It flies in the face of calls for more

03/02/2016

Europe News

EU seeks greater powers to police car industry after VW row

EU regulators want more powers to fine carmakers for faulty vehicles after the Volkswagen scandal. They want to be able to fine companies 30,000

27/01/2016

Economy

VW says no compensation in Europe for those affected by emissions deception

Volkswagen says there will be no compensation plan for Europe for those affected by its diesel emissions scandal.

22/01/2016

Europe News

EU urges VW to compensate European 'dieselgate' customers

The EU executive has called on Volkswagen to compensate European customers affected by the firm’s diesel scandal. VW is offering compensation to tens

21/01/2016