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According to this study, which was publish at The Journal of Industrial Economics the Volkswagen emissions scandal had a statistically significant negative effect on the number of transactions in the secondary market involving the affected models (nearly -18 percent) and on their resale price (nearly -6 percent). The study also find that the ...
The 2009 Volkswagen Jetta Diesel Sedan was awarded Green Car of the Year.The award was rescinded in early October 2015. On 18 September 2015, the United States Environmental Protection Agency (EPA) said beginning in 2008 the car maker fraudulently installed engine control unit (ECU) software determined to be a "defeat device", in violation of the Clean Air Act, to circumvent environmental ...
German public prosecutors raided the Wolfsburg headquarters of Volkswagen <VOWG_p.DE> on Tuesday in the latest investigation into the carmaker's diesel emissions scandal. Volkswagen, which ...
Martin Winterkorn (born 24 May 1947) is a German former business executive who served as chairman of the board of management (CEO, Vorstandsvorsitzender in German) of Volkswagen AG, the parent company of the Volkswagen Group, as well as chairman of the supervisory board of Audi, and chairman of the board of management of Porsche Automobil Holding SE. [1]
Volkswagen official Oliver Schmidt has been sentenced to seven years in prison and handed down a $400,000 fine. In August, the former Volkswagen manager in Michigan pleaded guilty for his role in ...
"The Volkswagen issue is another black eye for the diesel engine overall," Mike Jackson, the chief executive of the AutoNation , the largest U.S. car retailer, told CNBC, adding the "brand ...
The emissions violations include cars produced by Volkswagen's American division, where Horn is currently CEO. Horn has admitted his company "screwed up" by using the vehicle's software to reduce emissions when it detects an emission testing, but allowing the diesel engines to produce pollutants above the legal limit under normal operating ...
Prosecutors have charged former Volkswagen chief executive Martin Winterkorn with giving false testimony to the German parliament when he said he was unaware of the carmaker's diesel emissions ...