VW Expected To Weather Stock Manipulation Charges. “These charges will trigger a long lasting court case and we believe it unlikely VW will face material negative financial or management consequences” Volkswagen CEO Herbert Diess was accused by German prosecutors Tuesday of failing to inform investors about the financial impact of the dieselgate scandal, and initial […]
Tag Archives | Dieselgate
VW’s Mueller Talks About Diesel Renaissance At Geneva Show
VW’s Mueller Talks About Diesel Renaissance At Geneva Show. “Diesel will see a renaissance in the not too distant future” Volkswagen wins the prize for the bravest statement at the Geneva Car Show with its declaration that diesel’s day is not yet done. Ford’s call for more clarity at the show about post-Brexit conditions comes […]
European Car Sales Modest Increase Too Much For VW
European Car Sales Modest Increase Too Much For VW. “In the Western Europe sub-region, which accounts for 79% of European vehicle sales, growth will decelerate in 2018 to 3.7%” Car sales in Western Europe rose a modest 2.5% in 2017, boosted by burgeoning SUVs, and despite the shunning of diesels and Britain’s pre-Brexit problems. Sales […]
Volkswagen Hit By Extra €2.5 billion Dieselgate Charge
Volkswagen Hit By Extra €2.5 billion Dieselgate Charge. Lower Saxony Election Might Shake Up Governance. “This is yet another unexpected and unwelcome announcement from VW” Volkswagen investors were hit by news of an unexpected additional €2.5 billion hit to profits from costs of making its U.S. diesel engines legal. This brings the total damage from […]
FCA Hit By U.S. Emissions Law Suit
FCA Hit By U.S. Emissions Law Suit. But Even The Worst Case Scenario Wouldn’t Cause Serious Damage Fiat Chrysler Automobiles (FCA) shareholders must have been shaking in their shoes when news broke U.S. authorities had sued, alleging Volkswagen-like cheating on diesel engines. But it seems the potential damage to FCA will not be of the […]
Volkswagen Dieselgate Deal Clears The Decks For Recovery
Volkswagen Dieselgate Deal Clears The Decks For Recovery. What If Ambitious VW U.S. Diesel Sales Targets Had Been Met? “Investors, as VW management, can now focus almost solely on the fundamental turnaround of the VW brand and Group” Volkswagen’s $4.3 billion settlement with U.S. authorities at least ended uncertainty about the final cost of dieselgate […]
Diesel Sales Stumble, Undermined By VW, Health Worries
Diesel Sales Stumble, Undermined By VW, Health Worries. “Germany too is falling out of love with diesels, propelled by the fallout from dieselgate, and adverse publicity about the fuel’s health risks” Americans might find it hard to believe that roughly every other car bought by Europeans is powered by a diesel engine, but the fallout […]
VW’s Diess Short On Contrition In Geneva Speech
VW’s Diess Short On Contrition In Geneva Speech. “We know Volkswagen has some making up to do” That’s It! GENEVA, Switzerland – Volkswagen brand CEO Herbert Diess put on a brave front for the beleaguered automaker at the car show here, outlining the new models and ideas which he hopes will propel the company onwards […]
Volkswagen Reform Yet To Tackle Underlying Problem
Volkswagen Reform Yet To Tackle Underlying Problem. “I don’t think VW will go through a big reform process” Volkswagen has convinced investors that by purging some senior managers it has made sure corruption scandals like “dieselgate” are a thing of the past. Trouble is, the main power source in the company, the supervisory board, dominated […]
VW Shares Jump As CO2 Problem Appears Overstated
VW Shares Jump As CO2 Problem Appears Overstated. “fewer cars are impacted than had originally been anticipated with respect to the CO2 issue” WOLFSBURG, Germany – Volkswagen shares spurted in Europe, after the company announced it had overstated its earlier admission that fuel consumption false data had affected 800,000 cars. The true figure is less […]