European Dealer Council: Audi and European sales partners shape the retailing of the future

AUDI AG and the European Dealer Council exchange views on the future business model and discussed growth areas at the conference of the European Dealer Council today (Wednesday). When the new contracts take effect on April 1, 2020, the new AUDI sales strategy will begin, fundamentally changing the sales model and making it fitter for… Continue reading European Dealer Council: Audi and European sales partners shape the retailing of the future

Ax at the car

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Lister thunders back with the £2.5m Storm

Stirling Moss drove a Lister in 1958 and backs Lawrence Whittaker’s revival of the marqueREX FEATURES Behold the return of another classic British carmaker. Under new ownership Bentley, Rolls-Royce, Jaguar Land Rover and Aston Martin have all enjoyed a 21st-century renaissance. Now it is the turn of Lister, a throwback to the 1950s and the… Continue reading Lister thunders back with the £2.5m Storm

Audi slapped with a $930 million fine by German prosecutor for its diesel cheating scandal

Alex Kraus | Bloomberg | Getty Images
Emissions testing equipment, manufactured by AVL Ditest GmbH, sits connected to the exhaust of an Audi AG A5 diesel automobile at a garage in Bruchkoebel, Germany, on Wednesday, July 26, 2017.

German luxury automaker Audi will pay a fine of roughly $930 million to settle regulatory action in its home country for rigging some of its diesel vehicles with illegal software designed to defeat emissions tests, the company said Tuesday.

Settling the case with prosecutors in Munich brings Audi parent Volkswagen one step closer to putting its ongoing diesel emissions scandal behind it. Volkswagen has already paid out billions of dollars in fines after news broke in 2015 that it fitted millions of vehicles with devices designed to make emissions levels on diesel vehicles appear lower than they actually were.

The Munich public prosecutor required Audi to accept responsibility as part of the agreement.

In June, Audi CEO Rupert Stadler was arrested in connection with the scandal.

Audi said in a statement that “the fine will directly will directly affect Volkswagen AG's financial earnings and, as a negative special item, reduce the group earnings for fiscal year 2018 accordingly.”

Audi fined £700m over diesel scandal

Audi has been fined €800m (£700m) to settle an investigation by German prosecutors into breaches of diesel emissions rules. The premium car brand, owned by Volkswagen, said it “accepts the fine and … admits its responsibility”. In June, VW agreed a €1bn settlement in Germany over the emissions scandal, which came to light in 2015.… Continue reading Audi fined £700m over diesel scandal

VW targets online sales, over-the-air updates in new contract with European dealers

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) will overhaul its dealership and sales organization by April 2020 to enable online sales and over-the-air software updates for its new electric cars, the German automaker said on Tuesday. FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo “Online… Continue reading VW targets online sales, over-the-air updates in new contract with European dealers

Munich II public prosecutor concludes regulatory offences proceedings by issuing administrative order imposing a fine (Bußgeldbescheid) / AUDI AG accepts the fine and, by doing so, admits its responsibility

The Munich II public prosecutor today issued an administrative order against AUDI AG in its capacity as affected party (Betroffene) pursuant to sections 30 para. 1, 130 para. 1 of the German Act on Regulatory Offences (Ordnungswidrigkeitengesetz – OWiG) in the context of deviations from regulatory requirements in certain V6 and V8 diesel aggregates and… Continue reading Munich II public prosecutor concludes regulatory offences proceedings by issuing administrative order imposing a fine (Bußgeldbescheid) / AUDI AG accepts the fine and, by doing so, admits its responsibility

Munich II public prosecutor concludes regulatory offences proceedings against AUDI AG by issuing administrative order imposing a fine (Bußgeldbescheid) / AUDI AG accepts the fine and, by doing so, admits its responsibility

The Munich II public prosecutor today issued an administrative order against AUDI AG in its capacity as affected party (Betroffene) pursuant to sections 30 para. 1, 130 para. 1 of the German Act on Regulatory Offences (Ordnungswidrigkeitengesetz – OWiG) in the context of deviations from regulatory requirements in certain V6 and V8 diesel aggregates and… Continue reading Munich II public prosecutor concludes regulatory offences proceedings against AUDI AG by issuing administrative order imposing a fine (Bußgeldbescheid) / AUDI AG accepts the fine and, by doing so, admits its responsibility

Geely-backed flying-car developer Terrafugia starts taking orders

The Terrafugia Transition is pictured at at the New York auto show in April 2012. Photo credit: BLOOMBERG Terrafugia, a U.S. flying-car developer owned by Chinese automaker Zhejiang Geely Holding Group, has begun taking orders for its first product. Deliveries of the Transition, a two-seat aircraft that can switch between driving and flying modes in… Continue reading Geely-backed flying-car developer Terrafugia starts taking orders