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Volkswagen US CEO Michael Horn resigns, citing a "mutual agreement" with the company. [10] 21 April 2016: Volkswagen announces that it will offer its US customers "substantial compensation" and car buyback offers for nearly 500,000 2.0-litre vehicles. [11] 6 Nov 2016: Regulators in California discover that Audi engines were rigged to produce ...
The Volkswagen XL1, with potential mileage as high as 261 mpg ‑US (0.9 L/100 km), is the most fuel-efficient car in the world.. In 1974 Volkswagen paid a $120,000 fine to settle a complaint filed by the Environmental Protection Agency over the use of so-called "defeat devices" that disabled certain pollution-control systems.
The major truck manufacturers also had to spend up to $1 billion to correct the problem, which affected 1.3 million heavy duty diesel trucks. [65] [71] While Volkswagen's actions have precedents, the Center for Auto Safety's Clarence Ditlow said that Volkswagen "took it to another level of sophisticated deception we've never seen before." [65]
If the planned merger fails, there is the possibility that Volkswagen will increase its 49.9% stake in Porsche or switch to a put/call structure whereby Porsche sells its car-making assets to ...
The recall consists of some Beetle and Passat vehicles from model years 2006-2019. "The driver's side frontal airbag inflator may explode due to propellant degradation occurring after long-term ...
They brought suit against the automobile’s manufacturer (Audi), its importer (Volkswagen of America), its regional distributor (World-Wide Volkswagen Corp.), and its retailer dealer (Seaway Volkswagen). [1] The Robinsons' Oklahoma attorney brought the lawsuit in state court in Creek County, Oklahoma, the county in which the accident had occurred.
Volkswagen has begun purchasing strategically important chips it believes will be in short supply globally directly from 10 manufacturers including NXP Semiconductors, Infineon Technologies and ...
Volkswagen invested approximately one billion U.S. dollars to construct the facility, with local, state, and federal governments subsidizing the project with an estimated $577 million in incentives. [19] Alabama had offered Volkswagen incentives of $385 million, the most the state had ever offered for an auto project.
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