Former Volkswagen Group CEO Martin Winterkorn will have to face trial over the diesel scandal in his native Germany along with four other managers.
VW rejects diesel scandal allegations made by former chairman
The Volkswagen Group released a statement on Wednesday denying allegations made by former Chairman Ferdinand Piech regarding knowledge among the automaker’s senior staff of the diesel scandal before it became public in September 2015. Piech, along with his extended family, is a major...Viknesh Vijayenthiran
VW CEO’s Contract To Be Extended Despite Chairman’s Recent Grievances
Volkswagen CEO and chairman of the board of management Martin Winterkorn has won the approval of the German auto giant’s supervisory board executive committee and will now likely have his contract extended, despite recent grievances made by chairman Ferdinand Piech. In an interview last week...Viknesh Vijayenthiran
New, More Efficient VW Engines for 2014 Passat, 2015 Jetta To Be Made In Mexico
A modern global auto plant has no discernible nationality. Aside from language and perhaps the ethnicities of its workers, the inside of the latest engine plant on one continent is identical to the same location in a similar plant on another continent. That was clear at the opening of...John Voelcker
Volkswagen Investing $70.5 Billion, New Technology Should Ensue
While some automakers are still reeling from the affects of the recent global financial crisis, and others resorting to drastic measures to raise needed capital, the juggernaut that is the Volkswagen Group seems to only be going from strength to strength. The company has announced today that it...Viknesh Vijayenthiran
Rendered: 2012 Volkswagen New Beetle
Volkswagen’s New Beetle has been on the market now for more than ten years and has enjoyed relatively strong sales despite the lack of significant upgrades during its life. More than one million New Beetles have been built at Volkswagen’s Puebla plant in Mexico and it looks like...Viknesh Vijayenthiran
The Volkswagen Group has given itself eight years to catch up with Toyota in terms of productivity and profit as part of CEO Martin Winterkorn’s pledge to close the gap in performance between the two automakers, reaffirming plans originally formulated back in 2007. The promise to move from third position (behind General Motors and Toyota) into the top spot by 2018 was made by the German auto giant’s management board today, which wants to see sales increase by nearly 60 percent and profit margins improve as well. Last year Volkswagen Group sales grew by 1.1 percent over the...
Winterkorn: Porsche To Double Sales In Next Four Years
VW boss and newly-named CEO of Porsche Martin Winterkorn is aiming from some huge growth.Nelson Ireson