Tag #Volkswagen

Showing 37 to 48 of 154 results

dw.com

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May 27, 19:10

Volkswagen Managers Convicted in Dieselgate

A German court sentenced four Volkswagen managers to prison for their roles in the Dieselgate emissions scandal, marking the first such convictions in Germany after a decade-long investigation costing VW approximately €33 billion and significantly damaging the reputation of German auto manufacturing...

Volkswagen Managers Convicted in Dieselgate

A German court sentenced four Volkswagen managers to prison for their roles in the Dieselgate emissions scandal, marking the first such convictions in Germany after a decade-long investigation costing VW approximately €33 billion and significantly damaging the reputation of German auto manufacturing...

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What are the immediate consequences of the Volkswagen managers' convictions in the Dieselgate scandal for Germany's economy and reputation?

Four Volkswagen managers received prison sentences for their roles in the Dieselgate scandal, marking the first such convictions in Germany. This follows years of investigation and billions of euros in costs for VW, impacting Germany's crucial automotive industry and its 'Made in Germany' reputation. The slow legal process has raised concerns about the handling of corporate crime in Germany.

elpais.com

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May 26, 16:12

Volkswagen Executives Convicted in Dieselgate Scandal

A German court found four former Volkswagen executives guilty of fraud in relation to the diesel emissions scandal, sentencing two to prison and two to probation; the scandal involved illegal software used to cheat emissions tests, affecting millions of vehicles and costing VW over €32 billion.

Volkswagen Executives Convicted in Dieselgate Scandal

A German court found four former Volkswagen executives guilty of fraud in relation to the diesel emissions scandal, sentencing two to prison and two to probation; the scandal involved illegal software used to cheat emissions tests, affecting millions of vehicles and costing VW over €32 billion.

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How did the court determine the culpability of the executives, given the complexity of the case and conflicting testimony from implicated witnesses?

The convictions stem from the manipulation of diesel emissions, affecting millions of vehicles and causing one of Germany's largest economic scandals. The court found the executives knew about the illegal defeat device that allowed vehicles to meet emissions standards during testing but emitted far more pollutants during actual road use.

zeit.de

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May 16, 16:10

VW CEO Blume Defends Dual Role Amidst Shareholder Criticism

Volkswagen CEO Oliver Blume defended his dual role leading VW and Porsche at the company's virtual annual general meeting despite criticism from shareholders concerned about his ability to effectively manage both companies during a period of significant challenges, including cost-cutting measures re...

VW CEO Blume Defends Dual Role Amidst Shareholder Criticism

Volkswagen CEO Oliver Blume defended his dual role leading VW and Porsche at the company's virtual annual general meeting despite criticism from shareholders concerned about his ability to effectively manage both companies during a period of significant challenges, including cost-cutting measures re...

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What are the immediate consequences of Oliver Blume's continued dual leadership of Volkswagen and Porsche, given the current challenges facing both companies?

Volkswagen CEO Oliver Blume faced criticism at the annual general meeting for his dual role leading both VW and Porsche. Shareholder representatives called for him to focus on one job, citing the challenges facing both companies. Blume defended the arrangement, but acknowledged it's not permanent and the decision rests with the supervisory board.

lefigaro.fr

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Apr 30, 13:13

Volkswagen's Q1 Net Profit Plunges 40.6% Amidst Rising Costs and Reduced Deliveries

Volkswagen reported a 40.6% drop in its first-quarter net profit to €2.19 billion, despite a 3% revenue increase to €77.56 billion, primarily due to lower deliveries of high-margin vehicles, increased fixed costs, and exceptional charges including provisions for EU CO2 targets and Cariad's restructu...

Volkswagen's Q1 Net Profit Plunges 40.6% Amidst Rising Costs and Reduced Deliveries

Volkswagen reported a 40.6% drop in its first-quarter net profit to €2.19 billion, despite a 3% revenue increase to €77.56 billion, primarily due to lower deliveries of high-margin vehicles, increased fixed costs, and exceptional charges including provisions for EU CO2 targets and Cariad's restructu...

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What were the primary factors contributing to Volkswagen's 40.6% decrease in net profit during the first quarter of 2024, despite increased global sales?

Despite a 3% rise in revenue to €77.56 billion and a 1.4% global increase in car deliveries, Volkswagen's net profit dropped 40.6% year-on-year to €2.19 billion in Q1 2024. This is due to lower deliveries of its most profitable luxury cars, increased fixed costs, and exceptional charges, including provisions for EU CO2 emission targets and Cariad software unit restructuring.

fd.nl

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Apr 27, 10:11

Chinese EV Maker Ji Yue Collapses Amid Market Consolidation

Ji Yue, a Chinese electric vehicle (EV) manufacturer, ceased operations in late 2024, highlighting the challenges faced by smaller EV brands amid intense price competition, reduced government subsidies, and the resulting market consolidation within China's EV sector.

Chinese EV Maker Ji Yue Collapses Amid Market Consolidation

Ji Yue, a Chinese electric vehicle (EV) manufacturer, ceased operations in late 2024, highlighting the challenges faced by smaller EV brands amid intense price competition, reduced government subsidies, and the resulting market consolidation within China's EV sector.

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What factors contributed to the demise of Ji Yue, a Chinese electric vehicle manufacturer despite its technological advancements and apparent initial market success?

In 2024, Ji Yue, a Chinese electric vehicle (EV) maker, ceased operations, leaving owners like Shenlan distraught despite the car's advanced features and €29,000 price tag. The company, a joint venture between Baidu and Geely, failed despite initial success and technological advancements.

sueddeutsche.de

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Apr 18, 19:19

Volkswagen Proposes US Audi Production to Counter New Tariffs

Facing new US tariffs on imported cars, Volkswagen CEO Oliver Blume proposed producing Audi vehicles in the US to appease President Trump, aiming to maintain market share and investment in a key growth region while navigating trade complexities.

Volkswagen Proposes US Audi Production to Counter New Tariffs

Facing new US tariffs on imported cars, Volkswagen CEO Oliver Blume proposed producing Audi vehicles in the US to appease President Trump, aiming to maintain market share and investment in a key growth region while navigating trade complexities.

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How might Volkswagen's proposed US production of Audi vehicles affect the broader automotive industry and global trade?

Volkswagen's proposed Audi production in the US is a direct response to President Trump's new tariffs on imported cars. The company aims to demonstrate its commitment to the US market by creating jobs and investing in local production, thereby offsetting the negative impacts of tariffs. This action reflects a larger trend of companies strategically adjusting their manufacturing to accommodate fluctuating trade policies.

zeit.de

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May 27, 16:11

VW to Launch Microwaveable Currywurst Nationwide

Volkswagen is launching a microwaveable version of its popular currywurst in supermarkets across northern and eastern Germany starting mid-June, aiming for nationwide distribution to boost sales, which already exceeded VW car sales in 2024 at 8.552 million units.

VW to Launch Microwaveable Currywurst Nationwide

Volkswagen is launching a microwaveable version of its popular currywurst in supermarkets across northern and eastern Germany starting mid-June, aiming for nationwide distribution to boost sales, which already exceeded VW car sales in 2024 at 8.552 million units.

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How does the planned expansion of VW's currywurst sales compare to the sales of VW vehicles?

The move to a microwaveable format aims to increase sales beyond its current regional presence in northern Germany and capitalize on the currywurst's popularity, which has outpaced car sales in recent years. The strategy involves distribution through Edeka and Netto supermarkets, with plans for nationwide expansion.

liberation.fr

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May 26, 16:11

Volkswagen Dieselgate: Four Executives Sentenced to Prison

A German court sentenced four former Volkswagen executives to prison terms ranging from suspended sentences to four and a half years for their involvement in the Dieselgate emissions cheating scandal, adding to previous convictions and highlighting the scandal's significant financial and reputationa...

Volkswagen Dieselgate: Four Executives Sentenced to Prison

A German court sentenced four former Volkswagen executives to prison terms ranging from suspended sentences to four and a half years for their involvement in the Dieselgate emissions cheating scandal, adding to previous convictions and highlighting the scandal's significant financial and reputationa...

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How did the German court's decision connect to the broader context of the Dieselgate scandal, and what role did the manipulation of emission tests play in the convictions?

This verdict, reached after a four-year trial, highlights the far-reaching consequences of Volkswagen's emissions cheating scandal. The court found the executives guilty of organized fraud, emphasizing the deliberate deception involved in manipulating emission tests. This adds to previous convictions related to the scandal, underscoring its systemic nature.",

sueddeutsche.de

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May 8, 22:14

EU Eases Auto Emission Rules, Sparing Industry Heavy Fines

The European Union eased its fleet emission standards for automobiles from 2025 to 2029, reducing the financial burden on manufacturers, particularly Volkswagen, while facing criticism from environmental groups for potentially weakening its Green Deal objectives. The decision followed a strategic di...

EU Eases Auto Emission Rules, Sparing Industry Heavy Fines

The European Union eased its fleet emission standards for automobiles from 2025 to 2029, reducing the financial burden on manufacturers, particularly Volkswagen, while facing criticism from environmental groups for potentially weakening its Green Deal objectives. The decision followed a strategic di...

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What are the potential long-term consequences of this decision for the EU's Green Deal and its competitiveness in the global automotive market?

This decision highlights the complex interplay between environmental regulations, economic pressures, and political influence within the EU. While hailed as a success by some, critics argue it weakens the Green Deal, potentially delaying the transition to electric vehicles and hindering Europe's competitiveness against China. Future legislative changes, such as proposed adjustments to the 2035 combustion engine ban, will likely reflect this ongoing tension.

zeit.de

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Apr 30, 10:11

Volkswagen Q1 Profit Plunges 41% Amidst Special Charges and Market Headwinds

Volkswagen's first-quarter 2025 profit fell nearly 41 percent to €2.19 billion due to special charges (€1.1 billion), lower China earnings, and reduced electric vehicle profitability, despite a 3 percent revenue increase to €77.6 billion and increased EV market share.

Volkswagen Q1 Profit Plunges 41% Amidst Special Charges and Market Headwinds

Volkswagen's first-quarter 2025 profit fell nearly 41 percent to €2.19 billion due to special charges (€1.1 billion), lower China earnings, and reduced electric vehicle profitability, despite a 3 percent revenue increase to €77.6 billion and increased EV market share.

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What were the key factors contributing to Volkswagen's substantial Q1 2025 profit decline, and what are the immediate implications for the company?

Volkswagen's Q1 2025 profit plunged by almost 41 percent to €2.19 billion, despite a 3 percent rise in revenue to €77.6 billion. This decrease is attributed to €1.1 billion in special charges, including CO2 provisions and expenses related to the diesel scandal and software subsidiary Cariad. Lower earnings in China further impacted results.

zeit.de

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Apr 22, 19:17

Volkswagen Launches Product Offensive in China Amidst Heightened Tech Competition

Volkswagen announced a major product offensive at the Shanghai Auto Show, unveiling five world premieres to counter intensified competition from Chinese tech companies, resulting in a nearly 31 percent drop in profit last year, partly due to decreased earnings from China.

Volkswagen Launches Product Offensive in China Amidst Heightened Tech Competition

Volkswagen announced a major product offensive at the Shanghai Auto Show, unveiling five world premieres to counter intensified competition from Chinese tech companies, resulting in a nearly 31 percent drop in profit last year, partly due to decreased earnings from China.

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How do unrealistic pricing strategies of competitors and high internal restructuring costs impact Volkswagen's profitability in China?

Volkswagen's strategy in China focuses on technological advancements to counter intense competition and unrealistic pricing from rivals. The company showcased a Level 2++ automated driving system (ADAS) and highlights competitive pricing for its new compact car. This strategic response reflects the challenges of high restructuring costs and reduced profitability in China during the past year.

welt.de

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Apr 17, 19:19

Volkswagen Boosts Wolfsburg Production Amidst Electric Vehicle Shift

Volkswagen's Wolfsburg plant is increasing production with extra weekend shifts in May, June, and July across all production lines due to high demand for gasoline-powered Golf and Tiguan models, despite a planned reduction in overall production capacity and workforce.

Volkswagen Boosts Wolfsburg Production Amidst Electric Vehicle Shift

Volkswagen's Wolfsburg plant is increasing production with extra weekend shifts in May, June, and July across all production lines due to high demand for gasoline-powered Golf and Tiguan models, despite a planned reduction in overall production capacity and workforce.

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What is the immediate impact of Volkswagen's decision to increase production at its Wolfsburg plant?

Volkswagen unexpectedly increased production at its main Wolfsburg plant, scheduling extra weekend shifts for May, June, and July across all production lines. This boosts output of popular gasoline-powered Golf and Tiguan models, driven by strong current demand.

Showing 37 to 48 of 154 results