Tag: VW

VW targets improved profit with electric cars
December 2, 2017 No Responses

VW targets improved profit with electric cars

Volkswagen AG’s core VW brand raised its mid-term target for profit margins and said it would speed up turnaround efforts as cost cuts help free funds to boost its SUV lineup and develop more hybrid and full-electric cars.   The...
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Volkswagen to build new five-seat SUV
April 15, 2017 No Responses

Volkswagen to build new five-seat SUV

By David Shepardson, Reuters –   Volkswagen AG plans to build another new SUV at its plant in Chattanooga, Tenn., as demand surges for larger vehicles, the German company’s top U.S. executive said on Wednesday. VW Group of America CEO Hinrich...
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VW settles 10 U.S. state diesel claims for $157 million
April 1, 2017 No Responses

VW settles 10 U.S. state diesel claims for $157 million

By David Shepardson, Reuters –  Volkswagen AG has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world’s largest automaker looks to move past the scandal. The settlement co...
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VW executive to remain in U.S. custody until trial next year
March 17, 2017 No Responses

VW executive to remain in U.S. custody until trial next year

Auto News— Oliver Schmidt, the Volkswagen executive incarcerated since January when he tried to return to his native Germany after a Florida vacation, will remain in custody until his trial early next year for 11 felonies tied to the company’s...
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VW tops spending on advert with $6.6billion
December 10, 2016 No Responses

VW tops spending on advert with $6.6billion

(Auto News) Volkswagen Group has emerged top in the first 100 advertisement spenders worldwide. Fifteen automakers and tire maker Bridgestone Corporation constituted the automotive category on the World’s Largest Advertisers list. Seven of those automakers m...
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