News Press Release News Group Berlin, 03 May 2018 Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2017 At the Annual General Meeting 2018, the shareholders of Volkswagen Aktiengesellschaft voted by a majority of 99.97 percent to approve the recommendation of the Board of Management… Continue reading Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2017
Tag: VW
Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
WASHINGTON (Reuters) – Former Volkswagen chief executive Martin Winterkorn was charged in federal court in Detroit with conspiring to mislead regulators about the German automaker’s diesel emissions cheating. Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker’s emissions scandal in Berlin, Germany, January 19, 2017. REUTERS/Hannibal Hanschke… Continue reading Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
Ex-VW CEO Winterkorn Charged by U.S. in Diesel-Cheating Case
Volkswagen AG’s former Chief Executive Officer Martin Winterkorn was charged in a Michigan federal court with conspiracy and wire fraud in relation to a probe into the German automaker’s efforts to cheat U.S. diesel emissions testing, according to an indictment unsealed Thursday. Winterkorn, who stepped down from his role as CEO days after the scandal… Continue reading Ex-VW CEO Winterkorn Charged by U.S. in Diesel-Cheating Case
As Musk Berates Analysts, VW Unleashes Massive Counterpunch
A few hours after Elon Musk berated analysts for what he perceived as unimaginative questions, Volkswagen AG said it was writing a check for batteries that almost match Tesla Inc.’s entire market value. VW has awarded 40 billion euros ($48 billion) in contracts to battery producers, double from just a few weeks ago. The deals… Continue reading As Musk Berates Analysts, VW Unleashes Massive Counterpunch
Tesla’s Bonkers Earnings Call Was Actually Perfect
In hindsight, Elon Musk’s statement at the beginning of Tesla Inc.’s latest earnings call that “We’re going to go as long as there are good questions to answer” sounds less like encouragement and more like a warning. As you may have heard, the CEO decided the “good questions” from analysts ran out in about half an… Continue reading Tesla’s Bonkers Earnings Call Was Actually Perfect
Diesel emissions scandal: Ex-VW boss Winterkorn charged in US
Former Volkswagen chief executive Martin Winterkorn has been charged by US prosecutors in Detroit over the diesel emissions scandal. He has been accused of conspiring to mislead regulators about the German car maker’s efforts to cheat the emissions tests of its diesel-fuelled vehicles. Volkswagen did not immediately comment. An indictment filed in secret in March… Continue reading Diesel emissions scandal: Ex-VW boss Winterkorn charged in US
UPDATE 1-Musk’s conduct, Tesla stock slide make $700 mln profit for short-sellers
NEW YORK (Reuters) – Short-sellers who had targeted Tesla Inc (TSLA.O) logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging “boring” questions about the electric car maker’s financial outlook. The windfall wiped out short-sellers’ 2018 losses on Tesla,… Continue reading UPDATE 1-Musk’s conduct, Tesla stock slide make $700 mln profit for short-sellers
Martin Winterkorn indicted in the US
Martin Winterkorn is said to be complicit in the VW emissions scandal: At least that’s what the US Department of Justice sees it – and accuses the former Volkswagen boss of complicity. Ex-VW boss Martin Winterkorn Thursday, 03.05.2018 22:11 clock The US Department of Justice accused Volkswagens former CEO Martin Winterkorn the complicity in the… Continue reading Martin Winterkorn indicted in the US
Humble in tone, tough on the matter
He speaks of cultural change and humility: Herbert Diess wants to change Volkswagen. The focus will be on returns – and employees can expect little consideration. Thursday, 03.05.2018 5:42 pm She sounded good, the talk of Herbert Diess at the general meeting of Volkswagen shareholders in Berlin. The group must be “more honest, open and… Continue reading Humble in tone, tough on the matter
Tesla throws cold water on Porsche’s faster charging, says Supercharger to max out at ~250 KW
Over the past year, Tesla appeared to be walking away from their announced Supercharger V3 with a faster charge rate, but now the company has clarified their plans and indicated that they will stay away from the 350 kW charging technology that other manufacturers, like Porsche, are bringing to market. Home Solar Power In December… Continue reading Tesla throws cold water on Porsche’s faster charging, says Supercharger to max out at ~250 KW