Prosecutors are looking into the automaker’s former CEO for possible violations of securities laws. Continue Reading...
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Resigning just last week as the biggest casualty of the DieselGate scandal, Volkswagen’s CEO is now facing possible criminal charges. Continue Reading...
Volkswagen CEO Martin Winterkorn has once again apologized for his company’s betrayal of the public trust by cheating diesel emissions testing. Continue Reading...
While Japanese and Korean automakers such as Hyundai, Toyota, and Honda are investing into hydrogen fuel cell-equipped vehicles, German automaker Volkswagen believes they have failed to live up to promises and aren’t cost-efficient to produce. Continue Reading...
Set to debut at the Detroit Auto Show tomorrow in concept form, Volkswagen CEO Dr. Martin Winterkorn has confirmed its new crossover will be available with a wide range of powertrain options. Continue Reading...
Volkswagen and its CEO Martin Winterkorn have had a busy year thus far, successfully acquiring Porsche and Ducati under its umbrella of brands. Continue Reading...
Volkswagen CEO Martin Wintekorn told a German newspaper that they intend to increase its global staff by more than 10 percent in 2012. Currently Volkswagen employs 449,000 employees worldwide, but Winterkorn believes it’s entirely possible for VW to pack 500,000 in full by the end of 2012. That’s a whole lot of Volkswagenites. It’s no… Continue Reading...
Well, this is awkward. Volkswagen said some while back that GM might be selling Opel, possibly to them. It was a statement made by a chief executive, then repeated by German media, then finally catching the attention of GM itself. And now GM is distancing itself from such rumors, calling the statement “regrettable.” “In Wednesday’s… Continue Reading...
Volkswagen is hoping to ensure their long-term success by renewing the contract of CEO Martin Winterkorn for an undisclosed length of time. In a speech to VW employees in Germany, Bernd Osterloh, the advisory board’s chief deputy said that Winterkorn has “advanced the company in every respect.” Under Winterkorn’s leadership, Volkswagen has acquired truck maker… Continue Reading...
Volkswagen CEO Martin Winterkorn is launching an ambitious plan to triple market share in the U.S. by 2018, with an electric vehicle and an all-new range of products designed with the U.S. market in mind at the forefront. An electric car based on the Golf or the new Up city cars will by sold by… Continue Reading...
The Truth About Cars is reporting that Volkswagen executives are turning their attention towards Korean auto giant Hyundai, after comments made to the press by two Volkswagen managers came to their attention. According to a translation by TTAC’s Bertel Schmitt, VW CEO Martin Winterkorn spoke admirably about Hyundai in a German magazine, stating “I have… Continue Reading...
Back in 2000 Hyundai Kia CEO Chung Mong-koo refused a request by the company’s chairman, and his own father, to step down from the top post of the Korean automaker. Today, Mong-koo is getting the respect he rightly deserves, after being named Asia’s top automotive business leader by Automotive News. The industry publication sited Hyundai’s… Continue Reading...
Legendary Italian design firm Italdesign Giugiaro will sell a 90 percent stake to the Volkswagen Group, as the German firm looks to consolidate even more power in the automotive world. “The Volkswagen Group will be continuing its model initiative over the coming years and will benefit from the capacity and competence of Italdesign,” said Volkswagen… Continue Reading...