Latest Volkswagen AG News

FILE - In this file photo dated Monday, Oct. 26, 2020, a man wearing a face mask walks over a bridge with the buildings of the banking district in background in Frankfurt, Germany. New figures released Friday Oct. 30, 2020, show that the European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns. (AP Photo/Michael Probst, FILE)

Eurozone growth soars record 12.7% but fears grow for winter

Oct. 30, 2020 11:34 AM EDT

FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in the final months of the year. ...

FILE - In this Monday, April 20, 2020 file photo, cars are lined up at a Volkswagen car dealer in Essen, Germany. German automaker Volkswagen says it returned to profit in the third quarter thanks to cost discipline and a rebound in global sales markets led by China after the lifting of the severe restrictions on activity in the early phase of the pandemic. (AP Photo/Martin Meissner, File)

Volkswagen returns to profit as global auto markets recover

Oct. 29, 2020 6:05 AM EDT

FRANKFURT, Germany (AP) — German automaker Volkswagen said Thursday it returned to profit in the third quarter thanks to cost discipline and a rebound in global sales markets led by China after the lifting of the severe restrictions on activity in the early phase of the pandemic. After-tax profit was 2.75...

Kentucky to replace older buses with cleaner options

Oct. 14, 2020 8:02 AM EDT

FRANKFORT, Ky. (AP) — Kentucky on Tuesday announced it is using about $8.5 million from the Volkswagen diesel emissions scandal settlement to replace old transit system buses with cleaner ones and make other transportation improvements. The cleaner buses will help areas of Kentucky challenged with meeting...

FILE - In this Thursday, Jan. 19, 2017 file photo Martin Winterkorn, former CEO of the German car manufacturer 'Volkswagen', arrives for a questioning at an investigation committee of the German federal parliament in Berlin, Germany. A German court has ruled that former Volkswagen CEO Martin Winterkorn must face trial on a second set of charges related to the company's diesel emissions scandal, these ones related to alleged market manipulation. (AP Photo/Michael Sohn, file)

Former VW boss Winterkorn faces trial on 2nd set of charges

Sep. 24, 2020 9:23 AM EDT

BERLIN (AP) — A German court has ruled that former Volkswagen CEO Martin Winterkorn must face trial on a second set of charges in the company's diesel emissions scandal, this time accused of market manipulation. Thursday's announcement by the Braunschweig state court followed a decision earlier this month...