Volkswagen board backs CEO, chairman in markets case
FRANKFURT, Germany (AP) — The full Volkswagen board of directors has defended CEO Herbert Diess and Chairman Hans Dieter Poetsch against charges that the two failed to give investors timely notice...
Volkswagen bosses charged in Germany over emissions scandal
BERLIN (AP) — German prosecutors dealt a blow to Volkswagen's efforts to put the 2015 emissions-cheating case behind it, charging the automaker's chief executive, chairman and former CEO with...
The Latest: VW board meets after charges against leaders
BERLIN (AP) — The Latest on the charges brought against Volkswagen's bosses (all times local):
Volkswagen's board of directors is convening to discuss the next steps in light...
Prosecutors charge former Audi boss in emissions scandal
FRANKFURT, Germany (AP) — The former head of Volkswagen's luxury division Audi has been charged with fraud in Germany over the sale of cars with software that enabled cheating on emissions tests,...
FRANKFURT, Germany (AP) — Volkswagen's Porsche division says it has agreed with prosecutors to pay a 535 million euro ($598 million) fine for negligent oversight for installing engines that...
Former Volkswagen CEO charged with fraud in Germany
FRANKFURT, Germany (AP) — German prosecutors charged former Volkswagen CEO Martin Winterkorn and four others with fraud in the emissions cheating scandal that has helped turn many Europeans...
Volkswagen unveils fully-electric SUV for China market
Volkswagen is planning to release a fully-electric SUV in China which could compete with Tesla's Model X.
The German automaker said Sunday the ID. ROOMZZ will be unveiled at the upcoming...
WASHINGTON (AP) — U.S. regulators charged Volkswagen and former CEO Martin Winterkorn with defrauding investors during its massive diesel emissions scandal.
Former VW CEO Winterkorn leaves Bayern supervisory board
MUNICH (AP) — Former Volkswagen CEO Martin Winterkorn has left German soccer champion Bayern Munich's supervisory board, three years after he resigned from the automaker amid its diesel emissions scandal.
The club said Tuesday that the 71-year-old Winterkorn left on Monday after nearly 16 years as a member. It said Winterkorn, as former CEO of Volkswagen unit Audi, initiated Audi's partnership with Bayern and its acquisition in 2010 of an 8.33 percent stake in the club.
Court rules for investors in Volkswagen diesel suit
FRANKFURT, Germany (AP) — A court in Germany has ruled that Volkswagen's main stakeholder must pay 47 million euros ($54 million) in damages to investors for not making a timely disclosure of its scandal over cars rigged to cheat on diesel emissions tests.
The dpa news agency reported that the Stuttgart court announced the verdict Wednesday against Porsche Automobil Holding SE, which holds 52 percent of the voting rights in Volkswagen.
FRANKFURT, Germany (AP) — German prosecutors say they have expanded their probe into manipulation of emissions controls at Volkswagen's Audi division to include Audi's CEO, Rupert Stadler.
Munich prosecutors said Stadler's private residence was searched on Monday along with that of another division manager whose name was not released.
VW board eyes damage claims against former CEO Winterkorn
BERLIN (AP) — Former Volkswagen CEO Martin Winterkorn may never see the inside of a courtroom in the United States in connection with the company's diesel emissions scandal. But his legal troubles are far from over.
A VW spokesman says the German automaker's supervisory board is checking whether it can demand damage claims from Winterkorn in connection with the company's diesel emissions cheating scandal.
FRANKFURT, Germany (AP) — German prosecutors are saying their probe of former Volkswagen CEO Martin Winterkorn is ongoing and won't be affected by the charges brought against him in the United States.
"We have taken account of the U.S. indictment, but it will not change our investigatory approach," said Klaus Ziehe, spokesman for the prosecutors in the town of Braunschweig.
US indictment alleges top VW exec knew of emissions cheating
DETROIT (AP) — A federal grand jury in Detroit has indicted former Volkswagen CEO Martin Winterkorn on charges stemming from the company's diesel emissions cheating scandal in a plot that prosecutors allege reached the top of the world's largest automaker.
The four-count indictment unsealed Thursday charges Winterkorn, 70, with three counts of wire fraud and one of conspiring with other senior VW executives and employees to violate the Clean Air Act. He was indicted in March.
Volkswagen replaces CEO Mueller, announces new structure
FRANKFURT, Germany (AP) — Volkswagen replaced CEO Matthias Mueller with core brand head Herbert Diess on Thursday and said it is creating a new management structure to enable faster decision-making as autonomous and electric cars transform the industry.
The German automaker said in a statement that it would reorganize its management into six broad business areas plus China. It said the new structure would streamline decision-making in the individual operating units.
Daimler suspends manager connected to monkey testing
FRANKFURT, Germany (AP) — Automaker Daimler says it has suspended an executive who represented it at an industry-backed organization that commissioned diesel exhaust tests involving monkeys.
A statement from Daimler AG on Wednesday did not identify by name the executive, citing privacy concerns. It said the executive sat on the top management board of the now-dissolved EUGT entity.
The tests have been criticized by politicians, environmentalists and animal welfare activists.
Volkswagen suspends executive over monkey tests
FRANKFURT, Germany (AP) — Automaker Volkswagen has suspended a top executive in response to widespread public criticism over experiments in which monkeys were exposed to diesel exhaust.
The company said in a statement Tuesday that Thomas Steg, head of government relations and sustainability, was stepping away from his duties at his own request.
BERLIN (AP) — Stuttgart prosecutors say they have received a complaint from Germany's financial watchdog alleging former Porsche Automobil Holding SE executives manipulated markets by not releasing information about Volkswagen's diesel cheating soon enough.
Ex-VW CEO Winterkorn denies knowing early about cheating
BERLIN (AP) — Former Volkswagen CEO Martin Winterkorn denied having had early knowledge of the company's cheating on diesel emissions as he testified Thursday to a German parliamentary inquiry, his first major public appearance since he resigned.
The 69-year-old stepped down in September 2015, days after news of Volkswagen's use of software to cheat on emissions emerged in the U.S., saying at the time that he was not aware of any wrongdoing on his part.
Germany expands diesel probe to include VW board chairman
BERLIN (AP) — German prosecutors have widened their investigation into Volkswagen's handling of the emissions scandal to include its board chairman, Hans Dieter Poetsch, the company said Sunday.
Poetsch was VW's chief financial officer when the company's efforts to rig cars to cheat on U.S. diesel emissions tests became public in September 2015.
Report: German prosecutors eye possible VW fines
BERLIN (AP) — A German newspaper and two broadcasters are reporting that prosecutors have opened proceedings that could result in Volkswagen being fined in Germany over its diesel emissions scandal.
The daily Sueddeutsche Zeitung, which reported together with broadcasters NDR and WDR, quoted Braunschweig prosecutor Klaus Ziehe as saying Friday: "We have opened fine proceedings against VW." He said that could include "recovering the economic advantage" VW might have...