VW's U.S. settlement for 475,000 vehicles with diesel emissions software cheats are due today. The total for U.S. and states exceeds $15 billion. $10.033 billion will be for owner and lease buybacks and additional compensation.
VW Group CEO Müller presented the company's plan for the next decade at the annual meeting. Vehicle electrification, autonomous cars, mobility services, cleaner gas engines, and the diesel recall program were all on the agenda.
According to a new report, former Volkswagen AG CEO Martin Winterkorn is the target of a criminal investigation for possible market manipulation. The probe also involves another current member of the VW Group management board.
Volkswagen-owned Skoda has filed several trademark applications in the United States. The firm could simply be trying to protect its intellectual property, but some sources claim it's about to return to the U.S. after a long hiatus.
Volkswagen is embarking on a green car offensive. The company is working on a new modular platform for electric vehicles, while Porsche and Audi are each designing long-range EVs that will hit the market in a few years.
Staying relevant in the automotive industry seems increasingly tied to the ride-sharing industry, and now, Volkswagen Group has become the latest to join the foray. Volkswagen has made a $300 million strategic investment in Gett.
Volkswagen will present an improved version of the e-Golf before the end of the year. Set to arrive later this year, the hatchback will receive a bigger battery pack that will allow it to drive for up to 186 miles on a single charge.
Volkswagen's Chattanooga, Tennessee, plant just completed the first test body for a new midsize SUV that will carry the company's hopes and dreams for the U.S. market. Production will start later this year.