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Tag: Emissions Scandal
VW CEO and chairman charged with market manipulation by German court in relation to 2015 emissions scandal
Former VW CEO Martin Winterkorn was also charged in the indictment filed Tuesday. He left the automaker days after the diesel scandal broke in 2015.
Porsche and Audi sales fell, but the German car giant expects to hit its revenue, profit, and deliveries targets.
Volkswagen CEO Herbert Diess said "ebit macht frei" at an internal company event, echoing the maxim "arbeit macht frei." He apologized for the remark.
Audi CEO’s arrest highlights a ‘silent killer’ thought to be involved in 53,000 deaths annually in the US
On Monday, German officials arrested Rupert Stadler, the CEO of Audi, in connection to the company's cheating on carbon-dioxide emissions tests. While he is unlikely to face American authorities, research suggests car pollution leads to tens of thousands of early deaths each year in the US.
Volkswagen is expected to face criminal penalties for violating the Clean Air Act by using software on vehicles that violates standards meant to reduce smog.
The US Environmental Protection Agency and Volkswagen are still trying to figure out the best way forward.
Volkswagen opened its keynote presentation at CES with an apology.
Volkswagen sales are yet to feel the full force of the emissions scandal, but they're already losing ground to Toyota.
A study commission by Bloomberg shows that Volkswagen's US death and injury claim reports are much lower than the rest of the industry.