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Automakers invest heavily in electric vehicles despite still-low demand

4 days ago DieselGasoil Comments Off on Automakers invest heavily in electric vehicles despite still-low demand
NEW YORK (Reuters) – Demand for electric vehicles remains low in the U.S. market, but industry executives at the New York auto show this week said they are pushing ahead with billions of dollars in investments even while preaching patience. FILE PHOTO: FILE PHOTO: A Rivian R1S All-Electric SUV is displayed at the 2019 New Read More

Volkswagen’s ex-boss charged with fraud in Dieselgate scandal

1 week ago DieselGasoil Comments Off on Volkswagen’s ex-boss charged with fraud in Dieselgate scandal
German prosecutors have brought charges against former Volkswagen (VW) Chief Executive Martin Winterkorn over his role in the diesel (gasoil) emissions-cheating scandal. Four other managers were also indicted in the case. They “are accused of multiple crimes realized in a single criminal action, especially a particularly serious case of fraud and an infraction of the Read More

EU accuses German carmakers of blocking development of emissions cleaning technology

3 weeks ago DieselGasoil Comments Off on EU accuses German carmakers of blocking development of emissions cleaning technology
German auto industry giants Volkswagen (VW), BMW and Daimler have been accused by the European Union (EU) antitrust regulators of colluding to block the rollout of emissions cleaning technology. The so-called ‘Statement of Objections’ comes a year and a half after EU authorities first raided the offices of the three companies over reports of possible Read More

Volkswagen CEO Diess’ future in doubt over Nazi-era blunder

1 month ago DieselGasoil Comments Off on Volkswagen CEO Diess’ future in doubt over Nazi-era blunder
Independent investors have been raising questions about the future of Volkswagen’s (VW) chief executive Herbert Diess after he evoked a Nazi phrase in a management meeting last week. The CEO reportedly told the company’s managers that the high margins of VW Group’s Porsche brand gave it more freedom than its other marques, such as Audi. Read More

Cash cow? After paying billions in fines Volkswagen accused by US stock regulator of ‘massive fraud’

1 month ago DieselGasoil Comments Off on Cash cow? After paying billions in fines Volkswagen accused by US stock regulator of ‘massive fraud’
The US Securities and Exchange Commission (SEC) has filed a complaint against Volkswagen (VW), accusing the German automating giant and its former CEO Martin Winterkorn of defrauding US investors by cheating on emissions tests. The commission is charging the world’s second biggest car manufacturer of “reaping hundreds of millions of dollars in benefit by issuing Read More

Engineers develop cheap, simple tests for car emissions

1 month ago DieselGasoil Comments Off on Engineers develop cheap, simple tests for car emissions
DUEBENDORF, Switzerland (Reuters) – Engineers working to tackle carcinogenic pollution from cars have developed cheap and simple devices to test the effectiveness of particle filters, which could help take toxic vehicles off roads without resorting to blanket bans. Cars pass a sign alerting about fine particulates on a busy street in downtown Stuttgart, Germany, February Read More

SEC sues Volkswagen, Winterkorn over 'Dieselgate'

1 month ago DieselGasoil Comments Off on SEC sues Volkswagen, Winterkorn over 'Dieselgate'
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission sued Volkswagen AG and its former chief executive Martin Winterkorn over the German automaker’s diesel (gasoil) emissions scandal late Thursday, accusing the company of perpetrating a “massive fraud” on U.S. investors. A Volkswagen logo is seen on a new car model at the 89th Geneva International Read More

Audi seeks closer ties to Porsche in cost-cutting drive

1 month ago DieselGasoil Comments Off on Audi seeks closer ties to Porsche in cost-cutting drive
INGOLSTADT (Reuters) – Audi will make greater use of vehicle platforms and technologies developed with Porsche and Volkswagen as it embarks on a 15 billion euro cost cutting and efficiency drive, Chief Executive Bram Schot said on Thursday. An Audi 55 e-tron is seen ahead of the company’s annual news conference at its headquarters in Read More

Volkswagen India says will contest green court's $71 million penalty

2 months ago DieselGasoil Comments Off on Volkswagen India says will contest green court's $71 million penalty
A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse BENGALURU/NEW DELHI (Reuters) – Volkswagen will challenge a ruling by an Indian environment court that imposed a fine of 5 billion rupees ($71 million) on the German carmaker for emission Read More

German automakers to invest €58 billion in electric & autonomous cars

2 months ago DieselGasoil Comments Off on German automakers to invest €58 billion in electric & autonomous cars
German manufacturers will make a massive investment over the next three years in electric cars and automated driving, as well as trebling the number of electric models, the head of the country’s car industry association has said. “We will invest over €40 billion ($45.5 billion) in electric mobility during the next three years, and another Read More