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Volkswagen's Quality-Control Chief Resigns

2016-02-09 05:08:15| Automakers - Topix.net

Volkswagen AG said Monday its head of quality assurance will leave the company, as Chief Executive Matthias MA1 4ller continues to shake up the company's senior management in the wake of its emissions-cheating scandal.

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California board rejects Volkswagen's diesel fix plan

2016-01-12 20:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The California Air Resources Board said on Tuesday it rejected Volkswagen AG's (VOWG_p.DE) plan to fix 2.0 liter diesel cars equipped with software that allows them to emit up to 40 times legally allowable pollution. The state said VW's proposed fix was "incomplete, substantially deficient and falls far short of meeting the legal requirements." It also said the proposal could not be implemented soon enough. California sent VW a confidential letter offering a detailed explanation of why its...

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Volkswagen's emissions cheat to cause 60 premature deaths in US

2015-10-30 22:02:00| Climate Ark Climate Change & Global Warming Newsfeed

ScienceDaily: Volkswagen's use of software to evade emissions standards in more than 482,000 diesel vehicles sold in the U.S. will directly contribute to 60 premature deaths across the country, a new MIT-led study finds. In September, the Environmental Protection Agency discovered that the German automaker had developed and installed "defeat devices" (actually software) in light-duty diesel vehicles sold between 2008 and 2015. This software was designed to sense when a car was undergoing an emissions test, and...

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Volkswagen's sales hold up after scandal

2015-10-17 10:13:36| Auto Dealers - Topix.net

European new car sales data for September released Friday showed Volkswagen AG weathered the initial storm in the two weeks following the explosion of the emissions scandal that forced the German company to lower earnings estimates, take a EUR6.5 billion charge and change its chief executive. For the month, VW's new passenger car registrations, a proxy for sales, rose 8.4% in the European Union, slightly below the 9.8% advance for the market as a whole, according to data released by the European Automobile Manufacturers' Association, or ACEA.

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Automotive Stocks to Buy After Volkswagen's Emissions Scandal

2015-09-29 17:27:11| Auto Dealers - Topix.net

Auto parts suppliers like BorgWarner and Delphi Automotive, which derive at least 10 percent of their sales from Volkswagen, have been hit in the aftermath of the automaker's scandal. U.S. car sales are rising, especially for bigger cars and sport-utility vehicles, spurred on by cheap gasoline and relaxed lending standards.

Tags: buy automotive stocks emissions

 

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