Tag: VW

Arrested: former Audi executive wanted over US dieselgate charges

Croation officials have arrested former Audi executive Axel Eiser in connection to conspiracy charges related to the Volkswagen dieselgate scandal in the US. The New York Times reported that the arrest of Eiser as part of the investigation in into Volkswagen’s alleged conspiracy to evade US clean air laws was a sign that authorities continue… Continue reading Arrested: former Audi executive wanted over US dieselgate charges

Volkswagen CEO, After Board Fight, Faces Challenging Road Ahead – The Wall Street Journal

A Volkswagen plant in Germany in April. The company’s first-quarter production fell 25% to just under two million vehicles. Photo: swen pfoertner/press pool By William Boston Close William Boston Biography @berlindiary BerlinDiary william.boston@wsj.com Updated June 9, 2020 5:41 pm ET BERLIN—The surprise changes that stripped Volkswagen AG Chief Executive Herbert Diess of some of his… Continue reading Volkswagen CEO, After Board Fight, Faces Challenging Road Ahead – The Wall Street Journal

New Volkswagen ID 4 shown undisguised in Chinese documents

There will be two versions of the ID SUV: a standard model and a coupe-SUV in the vein of the original concept, expected to be named the ID 4 and ID 5 respectively. The ID 5 will be revealed at a later date.  The ID 4 SUV will have a more conventional roofline and tailgate design,… Continue reading New Volkswagen ID 4 shown undisguised in Chinese documents

New Volkswagen ID 3: UK specs for launch editions outlined

Sales of the pivotal Volkswagen ID 3 have begun in Germany and other European countries today (17 June), with order books for the special First Edition in the UK set top open next month. Deliveries are due to begin in the UK in September. Autocar’s Volkswagen ID 3 2020 review There had been reports the hugely important… Continue reading New Volkswagen ID 3: UK specs for launch editions outlined

Volkswagen’s ID 4 revealed in leaked images

Volkswagen’s first all-electric SUV, the ID 4, has broken cover thanks to leaked images from China’s Ministry of Industry and Information Technology that were picked up by a VW fan forum. The ID 4 — which was previously known as the ID Crozz when it was still a concept — is the first vehicle from… Continue reading Volkswagen’s ID 4 revealed in leaked images

Ex-Audi manager sought by US in diesel case held in Croatia

Associated Press Published 12:53 p.m. ET June 17, 2020 Zagreb, Croatia – A former Audi engineering manager sought by the United States in a diesel emissions cheating scandal has been arrested in Croatia, the country’s Interior Ministry said Wednesday. Axel Eiser was arrested on an international warrant issued by the U.S. when he crossed into… Continue reading Ex-Audi manager sought by US in diesel case held in Croatia

EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition

A four-month antitrust investigation launched by the executive brand of the European Union on Wednesday into the pending merger between Fiat Chrysler Automobiles NV and French rival Groupe PSA should not affect the companies’ goal to close their transaction by the end of March 2021, the automakers said. The probe is a setback for the… Continue reading EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition

@VW Group: First-time investment grade credit ratings assigned to TRATON SE

Following TRATON’s successful IPO in June 2019, TRATON SE began preparations with Moody’s Investors Service (Moody’s) and S&P Global Ratings (S&P) during H2 2019 in order to set up inaugural issuer credit ratings. Post recent updates to the rating agencies reflecting estimated impacts of the COVID-19 pandemic, TRATON has decided to publish the ratings to… Continue reading @VW Group: First-time investment grade credit ratings assigned to TRATON SE

Fusion with Fiat Chrysler under scrutiny: EU Commissioner Vestager slows down PSA boss Tavares

REUTERS / Christian Hartmann PSA boss Tavares: With the merger of PSA and Fiat Chrysler, the manager finally wanted to climb into the league of large car brushes For months, PSA chief Carlos Tavares and FCA chief Mike Manley negotiated a merger. In December of last year, they finally announced the merger. But now the… Continue reading Fusion with Fiat Chrysler under scrutiny: EU Commissioner Vestager slows down PSA boss Tavares