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Volkswagen loses €1.5 billion in second quarter

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Volkswagen has recorded an after-tax loss of €1.54 billion in the second quarter as the coronavirus pandemic shut down factories and closed dealerships. The company...
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BUSINESS

German court ruling clears way to settle VW diesel cases

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A German court has ruled that Volkswagen must buy back diesel cars from their owners which were equipped with software that evaded emissions testing. But...
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BUSINESS

‘Decisive court battle’ over Volkswagen emissions scandal set to begin

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The first major battle in mass litigation brought against Volkswagen over the “Dieselgate” emissions scandal is set to be heard by the UK's High...
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BUSINESS

Volkswagen’s former CEO Martin Winterkorn charged with fraud

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Former Volkswagen CEO Martin Winterkorn has been charged in Germany over the car manufacturer’s diesel emissions scandal. Prosecutors in Braunschweig say Mr Winterkorn failed to...
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BUSINESS

US charges Volkswagen and ex-chief executive with defrauding investors

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A US regulator is charging Volkswagen and former chief executive Martin Winterkorn with defrauding investors during an emissions scandal. The Securities and Exchange Commission said...
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BUSINESS

Volkswagen engineer jailed and fined in diesel emissions scandal

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A Volkswagen engineer who had a key role in the diesel emissions scandal has been sentenced to more than three years in prison and...
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BUSINESS

German car giants’ shares fall amid diesel emissions concerns

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Shares in the three biggest German car makers have fallen after a report claimed they colluded for years over diesel emissions technology. BMW shares were...
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Audi to fit 850,000 diesel cars with software to improve emissions

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German car maker Audi is to fit up to 850,000 diesel cars with new software to improve their emissions performance. Audi, a unit of Volkswagen,...
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BUSINESS

Ex-Volkswagen CEO ‘knew about emissions cheating earlier than claimed’

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German prosecutors have expanded their probe into Volkswagen's diesel car emissions scandal, claiming they have evidence former CEO Martin Winterkorn may have known of...
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BUSINESS

Former Volkswagen CEO Winterkorn denies any wrongdoing at emissions inquiry

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Former Volkswagen CEO Martin Winterkorn has denied early knowledge of the company's cheating on diesel emissions as he testified to a German parliamentary inquiry. It...
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