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How Many Deaths Did Volkswagen’s Deception Cause in US? – New York Times

Monday, September 28, 2015

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German Prosecutors Investigating Winterkorn, Volkswagen’s Ex-CEO – New York Times

Monday, September 28, 2015

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Audi Confirms 2.1 Million Cars Involved in Volkswagen Emissions Scandal – Wall Street Journal

Monday, September 28, 2015

FRANKFURT—About 2.1 million Audi cars have the software that is at the center of the Volkswagen AG emissions scandal, a spokesman for Audi AG said Monday. Volkswagen, which owns most of Audi, revealed last week that software for manipulating emissions test results was installed in roughly 11 million diesel-powered cars. The Audi models are part of that total figure, and the cars are likely to be recalled for repairs, spokesman…

German Prosecutors Open Investigation Into Former Volkswagen CEO Martin Winterkorn – Wall Street Journal

Monday, September 28, 2015

FRANKFURT—Pressure mounted on Volkswagen AG on Monday as German prosecutors launched a criminal investigation of former Chief Executive Martin Winterkorn and other unnamed executives on suspicion of fraud in connection with an emissions cheating scandal that has rocked the car maker. The opening of the investigation was widely expected after Mr. Winterkorn resigned under pressure last week amid the worst crisis in VW’s 78-year history. He apologized publicly for what…

Switzerland may ban Volkswagen diesel car sales – MarketWatch

Monday, September 28, 2015

ZURICH–Switzerland is considering banning the sale of diesel cars made by Volkswagen AG in the wake of the emissions rigging scandal that is rocking Europe’s biggest car maker. The ban, by the Swiss Federal Roads Office, would be on all Volkswagen group cars with diesel engines that contain software designed to cheat pollution controls and includes its VW, Audi, Skoda and Seat brands. “We will make a decision on…

Volkswagen under fire: Former CEO under investigation – CNBC

Monday, September 28, 2015

In a bid to restore its credibility, Volkswagen has suspended the R&D chiefs of its Volkswagen brand, Audi and sport-car manufacturer Porsche, sources told Reuters on Monday. “It is clearly a massive blow to the reputation of the company,” Christian Ludwig, automotive analyst at Bankhaus Lampe, said on CNBC, talking about the Volkswagen scandal. “Volkswagen is a core pillar of German engineering and for something…

Volkswagen faces legal challenges – Press Herald

Monday, September 28, 2015

WASHINGTON — Who knew about the deception, when did they know it and who directed it? Those are among questions that state and federal investigators want answered as they plunge into the emissions scandal at Volkswagen that has cost the chief executive his job, caused stock prices to plummet and could result in billions of dollars in fines. Legal experts say the German automaker is likely to face significant legal…

VW’s home town shocked by diesel gamble – CNBC

Monday, September 28, 2015

That sentiment has been echoed by members of the German press, who are ramping up pressure on Volkswagen’s new boss Matthias Mueller to make good on his pledge to restore trust in the country’s largest automaker before it’s too late. “Please clean up, Herr Müller!” was the translated message from center-left daily Süddeutsche Zeitung, saying the new boss must “open up the empire which has been run…

Volkswagen lied. But Elon Musk is dead wrong about diesel cars – ZDNet

Monday, September 28, 2015

I learned of the Volkswagen emissions scandal quickly. Not so much because it was on Twitter and all over the news, but because I am a proud owner of a 2012 Volkswagen Passat TDI and everyone who knows me has heard me rave about it. Scratch that, I’m not just a proud owner of a TDI. I’m a diesel technology fanboy. I’ve even gone as far to call the vehicle…

Volkswagen’s Other Problem Is Made in China – Wall Street Journal

Monday, September 28, 2015

Volkswagen’s emissions scandal would be bad news in any given year. But shareholders have it worse now because they no longer have the consolation of runaway growth in the car maker’s biggest market—China. At least the allegation that Volkswagen cheated on U.S. emissions tests of its diesel-powered cars isn’t likely to directly spread to China. The company barely sells any diesel cars there. And its two joint ventures in China,…

Volkswagen scandal…in two minutes – CNNMoney

Monday, September 28, 2015

Volkswagen, the world’s biggest automaker, is in crisis over its rigging of diesel engine emissions tests in America and Europe. If you’re just catching up to it, here are the latest developments — and what you need to know. Last updated: September 28, 3.30 am ET (7.30 am GMT). 1) Volkswagen has appointed Matthias Mueller, the head of Porsche, its new CEO. He is replacing Martin Winterkorn, who resigned days…

VW’s home town shocked by diesel gamble – CNBC

Monday, September 28, 2015

That sentiment has been echoed by members of the German press, who are ramping up pressure on Volkswagen’s new boss Matthias Mueller to make good on his pledge to restore trust in the country’s largest automaker before it’s too late. “Please clean up, Herr Müller!” was the translated message from center-left daily Süddeutsche Zeitung, saying the new boss must “open up the empire which has been run…

Volkswagen’s Other Problem Is Made in China – Wall Street Journal

Monday, September 28, 2015

Volkswagen’s emissions scandal would be bad news in any given year. But shareholders have it worse now because they no longer have the consolation of runaway growth in the car maker’s biggest market—China. At least the allegation that Volkswagen cheated on U.S. emissions tests of its diesel-powered cars isn’t likely to directly spread to China. The company barely sells any diesel cars there. And its two joint ventures in China,…

VW faces daunting challenges in fixing emissions cheating – CBS News

Monday, September 28, 2015

DETROIT – Volkswagen faces daunting challenges in fixing software that enables cheating on diesel engine emissions tests, a task that’s becoming more urgent because of growing anger from customers. The company has set aside $7.3 billion to pay for the scandal. But experts say it’s likely to cost much more as VW tries to comply with U.S. clean air regulations while appeasing diesel owners who paid extra for the cars,…

Barron’s: Volkswagen’s stock could tank even further – Business Insider

Monday, September 28, 2015

Thomson ReutersThe logo of German carmaker Volkswagen is seen at a dealership in Glenview NEW YORK (Reuters) – Buying shares of Volkswagen AG before the potential toll of the German carmaker’s diesel emissions scandal becomes clear is a dangerous move for investors, according to a report on Sunday in Barron’s financial newspaper. According to Barron’s, Volkswagen’s shares trade for 5.1 times estimated 2016 earnings, and 0.6 times book value, though…

VW Scandal to Hurt Its Financing Arm – Wall Street Journal

Sunday, September 27, 2015

ENLARGE FRANKFURT— Volkswagen AG VLKAY -5.45 % faces higher financing costs and a strain on its ability to offer loans to boost sales amid an unfolding emissions scandal, which is rippling through all aspects of the auto maker’s business. Volkswagen disclosed last week as many as 11 million diesel cars contained software that U.S. authorities say allowed the company to dodge emissions standards. The cars could now be subject to…

Hopeful buyers think Volkswagen’s ocean of troubles might get them a showroom … – The Guardian

Sunday, September 27, 2015

Warren Marvelley was in a hopeful mood on Saturday. He and his wife, Jane, have set their hearts on buying a new VW Golf and believe the time is ripe to buy one. The decision may seem odd, given the turmoil that now surrounds Volkswagen. Last week its share price plummeted after senior executives admitted that Volkswagen had disguised illegal levels of emissions produced by some diesel-engined cars. Nevertheless, the…

Volkswagen Diesel Scandal: How Are Individual Dealers Being Affected? – International Business Times

Sunday, September 27, 2015

On a calm Friday afternoon, the lot at Bay Ridge Volkswagen in the Brooklyn borough of New York appeared to be packed to capacity with new and used VWs parked neatly beside one another, barely any space between most of them. Even though almost every inch of the dealership’s grounds seemed to be occupied by vehicles, no customers were driving them off the lot. One could see this as a slump…

Volkswagen Scandal Casts Pall of Gloom Over Automaker’s Hometown of Wolfsburg – NBCNews.com

Sunday, September 27, 2015

WOLFSBURG, Germany — Workers in Volkswagen’s home town of Wolfsburg have been left fearing for their futures after the carmaker was plunged into crisis because of rigged U.S. diesel emission tests. VW has seen its long established reputation as symbol of German engineering excellence tarnished by a scandal affecting 11 million vehicles worldwide that broke a week ago. VW employees arriving for work at the company’s huge plant in the…