Saturday, 6 June 2020

Tag Archives: Volkswagen

Zero chance of Renault taking over Nissan, Mitsubishi

(Reuters, 2018) TOKYO: Renault SA absorbing Nissan Motor Co. and Mitsubishi Motors Corp is not an option as the carmakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said on Friday. “Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault ...

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Volkswagen Suspends Executive Over Diesel Tests on Monkeys

FRANKFURT: Volkswagen suspended its chief lobbyist on Tuesday amid a growing furor over experiments on monkeys that were meant to promote the virtues of diesel-powered vehicles, but now threaten to further undermine the German car industry and to increase political instability in Berlin. Thomas Steg, the suspended Volkswagen executive, is ...

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VW engineer gets prison, $2 lakh fine in diesel scandal

DETROIT: A Volkswagen engineer who had a key role in the company’s diesel emissions scandal was sentenced Friday to more than three years in prison and a $200,000 fine, a steeper punishment than prosecutors requested. James Robert Liang, 63, knew the German automaker was cheating and worked to cover it ...

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Volkswagen Earnings Rise in Stronger European Economy

FRANKFURT: Volkswagen’s profit more than doubled in the second quarter as the German carmaker benefited from a growing European economy and moved past one-time costs for its diesel emissions scandal in the U.S. After-tax profit rose to 3.2 billion euros ($3.7 billion) from 1.2 billion in the same quarter a ...

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UK VW owners seek compensation over emissions scandal

LONDON: Thousands of Volkswagen owners in the UK are seeking compensation from the carmaker following the emissions rigging scandal. Lawyers said 10,000 owners had already expressed an interest in suing VW. They estimate owners could get “several thousand” pounds in compensation. Lawyers, headed by the firm Harcus Sinclair, are applying ...

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