News | Latest Breaking News Stories & Headlines

The group said a dip in revenues and higher marketing costs as a result of the September 2015 admission that it cheated US emissions tests on diesel engines were factors in the declines

Profits at VW brand fell by 10% last year

Operating profit at Volkswagen's biggest car brand fell last year, showing the challenges still facing the world's largest carmaker 18 months on from its emissions scandal.

Business • 14 Mar 17

The settlement with the Justice Department also requires the company to hire an outside compliance monitor for three years

Volkswagen pleads guilty to emissions charges in US

German carmaker Volkswagen has pleaded guilty to criminal charges in the emissions-cheating scandal, closing an important chapter in the saga that has rocked the company since 2015.

Business • 10 Mar 17

Volkswagen is to pay at least $1.26 billion to fix or buy back and compensate US owners of about 80,000 cars

VW, Robert Bosch to pay $1.6bn to settle US claims

Volkswagen has agreed to pay at least $1.26 billion to fix or buy back and compensate US owners of about 80,000 3.0 litre diesel-engined vehicles.

Business • 01 Feb 17

Toyota sold 10.18 million cars last year, less than Volkswagen's 10.3 million

Toyota loses top global sales spot to Volkswagen

Toyota's four-year run as the world's top-selling car maker has ended as the Japanese company said today its global sales for 2016 fell short of Volkswagen.

Business • 30 Jan 17

BMW executive Peter Schwarzenbauer told reporters the company was sticking to plans to invest around $1 billion in a new plant in Mexico

Trump threatens German carmakers with 35% tariff

US President-elect Donald Trump has warned German car companies he would impose a border tax of 35% on vehicles imported to the US market, a plan that drew sharp rebukes from Berlin.

Business • 16 Jan 17

Shares in Renault fell more than 4% to their lowest level in around a month

Diesel cheating probe widens to Renault and Fiat

European carmakers have been drawn into widening investigations into diesel emissions cheating today, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler.

Business • 13 Jan 17

Fiat Chrysler CEO Sergio Marchionne denied the company was cheating and has been in talks with EPA and made significant disclosures of documents

Fiat Chrysler accused of excess diesel emissions

The US Environmental Protection Agency has accused Fiat Chrysler of illegally using hidden software that allowed significant excess diesel emissions.

Business • 12 Jan 17

VW will pay $2.8bn in criminal fines and $1.5bn in civil fines

VW to pay $4.3bn US fine over 'dieselgate'

Volkswagen will plead guilty to three criminal charges and pay a total $4.3 billion in fines to settle the emissions cheating scandal known as "dieselgate," US officials have announced.

News • 11 Jan 17

Volkswagen said yesterday it was in advanced talks over a $4.3 billion settlement

VW shares rise as emissions deal with US nears

A settlement with the US authorities over emissions test cheating will push up the cost for Volkswagen, but the bill is likely to remain below €20 billion, a source familiar with the matter said.

Business • 11 Jan 17

The Dieselgate scandal blew open when Volkswagen admitted in September 2015 that it installed software in 11 million cars worldwide that reduced emissions of harmful nitrogen oxide when it detected the vehicle was undergoing tests

Volkswagen facing UK legal action over Dieselgate

Thousands of car owners in Britain have signed up to a collective legal action against German carmaker Volkswagen over the emissions-cheating "Dieselgate" scandal.

Business • 09 Jan 17

Toyota was the top-selling manufacturer of 2016, ahead of Hyundai, Volkswagen, and Ford

2016 car sales rise 17.5%, Toyota top make - SIMI

New car registrations increased by 17.5% last year when compared with 2015, while Toyota was the most popular manufacturer during 2016.

Business • 03 Jan 17

Half of the compensation will be paid at the time US judge Charles Breyer gives final approval of the settlement

VW reaches deal with 80,000 US 3-litre car owners

A US federal judge has said Volkswagen has reached an agreement in principle to provide "substantial compensation" to the owners of about 80,000 3-litre polluting diesel vehicles.

Business • 23 Dec 16

The latest US settlement deal covered luxury VW, Audi and Porsche vehicles with 3.0-litre engines

VW agrees to fix, buy back more polluting US cars

Volkswagen has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the US as the German car maker took new steps to put its emissions cheating scandal behind it.

Business • 21 Dec 16

The European Commission has further called on Germany and Britain to account for refusing to share details on breaches of EU emissions laws uncovered

VW scandal: UK, Germany among states facing fines

The European Union has opened legal action against seven nations including Germany and the UK for failing to police emissions cheating by carmakers after the Volkswagen scandal.

Business • 08 Dec 16

The agreement foresees a 25% improvement in productivity at German plants, the company said at a news conference today

Volkswagen set to cut 23,000 jobs at VW brand

German carmaker Volkswagen has unveiled plans to cut 23,000 jobs in Germany to help achieve €3.7 billion in annual savings by 2020 to turn around its core brand and help fund a shift to electric and self-driving cars.

Business • 18 Nov 16

German prosecutors confirm probe of VW chairman

German prosecutors said today they are probing Volkswagen supervisory board Chairman Hans Dieter Poetsch over suspected market manipulation related to the emissions scandal at the car maker.

Business • 07 Nov 16

Volkswagen is seeing strong demand in China and Europe despite diesel scandal

Volkswagen raises full year revenue guidance

Volkswagen said third-quarter operating profit at its core brand plunged more than half, adding weight to management calls for cutbacks at VW's biggest division.

Business • 27 Oct 16

Registrations of new passenger cars in the European Union and the European Free Trade Association rose to 1.496 million vehicles in September

Europe car sales keep growing in September

European car sales grew by 7.3% last month, industry data showed today, with volume and premium car makers both posting strong growth.

Business • 14 Oct 16

Volkswagen CEO Matthias Mueller was speaking on the sidelines of the Paris auto show

VW CEO hopeful of deal with US authorities

Volkswagen's CEO said he is hopeful the company can reach agreement by the end of the year with the US government on the size of a fine to settle a criminal investigation.

Business • 29 Sep 16

VW has agreed to spend up to $16.5 billion to address environmental, state and owner claims in the US

VW says finances robust after report knocks shares

Volkswagen said today that its finances remained robust as it sought to allay concerns after a fall in its shares.

Business • 27 Sep 16

VW installed improper software that deactivated pollution controls on over 11 million diesel vehicles

VW vows to fix cars in Europe by late 2017

Volkswagen has pledged to fix all cars equipped with illicit engine software in Europe by autumn 2017, the European Commission has said.

Business • 22 Sep 16

Volkswagen is facing lawsuits and investigations across the world

VW investors seek €8 billion in damages - court

Volkswagen faces €8.2 billion in damages claims from investors over its emissions scandal in the legal district where the carmaker is based, a German court said today.

Business • 21 Sep 16

The German manufacturer has said the majority of the 8.5 million cars in Europe can be repaired this year

VW has fixed less than 10% of European cars

Volkswagen is making slow progress on fixing cars equipped with illicit engine software in Europe, having repaired less than 10% of the 8.5 million affected models, the company has said.

Business • 20 Sep 16

Volkswagen has pledged billions of euros to compensate owners of VW diesel-powered cars

VW broke consumer laws in 20 countries - report

The European Commission has found that Volkswagen broke consumer laws in 20 European Union countries by cheating on emissions tests, German daily Die Welt reported, citing Commission sources.

Business • 05 Sep 16

Volkswagen Group Australia said in a statement that it doubted the ACCC's action would benefit consumers since it planned to give them software which corrected the emissions data

Australia sues VW over emissions

The Australian consumer watchdog says it has sued the Australian arm of Volkswagen for intentionally selling more than 57,000 vehicles with software which lied about levels of toxic emissions.

Business • 06 Sep 16

Volkswagen