Dieselgate: Volkswagen Ready to Pay $10 billion to settle US claims

Dieselgate: Volkswagen Ready to Pay $10 billion to settle US claims

A source familiar with the negotiation told AFP that Volkswagen will have to shell out a humongous $10 billion to settle US claims.

Volkswagen to pay $10 billion in US over emissions scandal: Source

Volkswagen to pay $10 billion in US over emissions scandal: Source

Volkswagen admitted in September that it had installed software on diesel cars that tricked US emissions tests into showing the cars met environmental standards. After testing, the device switched off, allowing the vehicles to spew up to 40 times the permitted amounts of nitrogen oxides.

VW Ameo diesel scheduled to be launched in August

VW Ameo diesel scheduled to be launched in August

Volkswagen has launched its first Made-for-India model, the Ameo a few days ago and its introductory prices are very aggressive. 

Volkswagen likely to introduce updated 1.5-litre TDI engine in October

Volkswagen likely to introduce updated 1.5-litre TDI engine in October

The updated powerhouse will first find space in the Vento before making its way to the Polo, the Skoda Rapid, and the to-be-launched Ameo.

Volkswagen rolls out first Ameo from Pune plant

Volkswagen rolls out first Ameo from Pune plant

The Ameo will compete in the 25,000 units-a-month sub-4 meter car market that constitutes 8-10 per cent of the monthly volume. This market has around half-a-dozen models with Maruti Suzuki's Swift Dzire leading with almost 60 per cent market share, followed by Honda Amaze, Hyundai Xcent and Ford Figo.

Volkswagen Ameo to be offered in three variants

Volkswagen Ameo to be offered in three variants

The Volkswagen Ameo compact sedan will be offered in three variants in the Indian market. 

Volkswagen to offer buyback, payout to owners of polluting cars

Volkswagen to offer buyback, payout to owners of polluting cars

Volkswagen reached an agreement Thursday with US regulators to offer US owners of some 480,000 illegally polluting diesel cars options of "substantial compensation" and to fix the cars, or to buy them back

Carmakers which were caught in emission fixing scandal

Carmakers which were caught in emission fixing scandal

Volkswagen says top executives ready to accept 'sharp cuts' in bonuses

Volkswagen says top executives ready to accept 'sharp cuts' in bonuses

Volkswagen announced Wednesday that its top executives were willing to accept "sharp reductions" in their annual bonuses as the embattled carmaker struggles to stem the fallout from its massive engine-rigging scandal. 

Volkswagen managers refuse to forego bonuses: Report

Volkswagen managers refuse to forego bonuses: Report

VW`s former chief executive Martin Winterkorn received a bonus of more than three million euros ($3.4 million) a year ago.

Volkswagen to recall over 1.3 lakh vehicles in China

Volkswagen to recall over 1.3 lakh vehicles in China

The recall, set to begin on April 18, affects imported Touareg vehicles manufactured between January 12, 2010 and January 19, 2016, the General Administration of Quality Supervision, Inspection and Quarantine said here in a statement.

Daimler wants Amazon, Microsoft onboard mapping service Here: Report

Daimler wants Amazon, Microsoft onboard mapping service Here: Report

German automakers Audi, BMW and Daimler are in talks with Amazon and Microsoft over the possibility of them taking minority stakes in the Here digital mapping service, the Wall Street Journal reported Wednesday, quoting a senior Daimler executive.

Volkswagen to spend about half a billion euros on digital trucks by 2020

Volkswagen to spend about half a billion euros on digital trucks by 2020

Volkswagen`s truck division will spend about half a billion euros by the end of the decade to enhance digital features of heavy-goods vehicles as truckmakers increase their focus on automation in road haulage, it said on Monday

Volkswagen suspends sale of select Vento model; recalls 3,877 units

Volkswagen suspends sale of select Vento model; recalls 3,877 units

Beleaguered German auto maker Volkswagen (VW) is halting sales of a select version of its mid-sized sedan Vento in India with immediate effect due to inconsistent Carbon Monoxide (CO) emissions and is recalling 3,877 units of the car.

Volkswagen could forego 2015 dividend payout: Report

Troubled German auto giant Volkswagen could forego a dividend payment to shareholders for 2015 in the wake of the massive diesel engine manipulation scandal, the German news agency DPA reported on Tuesday.

Volkswagen, Porsche recalling 800,000 SUVs over possible pedal issue

Volkswagen, Porsche recalling 800,000 SUVs over possible pedal issue

Volkswagen and its Porsche unit say they're recalling a total of about 800,000 Touareg and Cayenne SUVs worldwide because of a potential problem with the pedal system. 

US judge gives Volkswagen to April 21 for emissions fix plan

US judge gives Volkswagen to April 21 for emissions fix plan

A US judge on Thursday gave Volkswagen until April 21 to come up with a plan to fix some 600,000 cars spewing illegal levels of pollutants due to emissions-cheating software.

Six months into 'Dieselgate' scandal, gloom deepens in Volkswagen's hometown

Six months into 'Dieselgate' scandal, gloom deepens in Volkswagen's hometown

When Martin Winterkorn dropped by to order some new glasses in the Volkswagen company town of Wolfsburg, he was "visibly dejected", according to his optician. But the visit wasn`t last September, when Winterkorn had just quit as the German carmaker`s chief, it was this week.

Volkswagen missing out on European car boom

Volkswagen, penalized down by its emissions scandal, continues to miss out on the booming European car market.

German court says Volkswagen customer has no right to return rigged vehicle

A German court on Wednesday dismissed a Volkswagen customer`s plea to cancel the purchase of his vehicle, which was affected by the carmaker`s cheating software.