Latest Volkswagen AG News

FILE - In this Tuesday, Feb. 25, 2020 file photo, a worker completes an electric car ID.3 body at the assembly line during a press tour at the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, eastern Germany.  Germany's Federal Court has ruled Volkswagen must buy back cars from owners who bought vehicles rigged to cheat in emissions tests but consumers must accept current value taking into account the mileage they drove rather than the full purchase price. (AP Photo/Jens Meyer, file)

German court ruling clears the way to settle VW diesel cases

May. 25, 2020 9:45 AM EDT

KARLSRUHE, Germany (AP) — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the current value of the car based on the mileage they drove since buying it, not the purchase price....

FILE - In this Friday, April 13, 2018, file photo, Herbert Diess, right, CEO of the Volkswagen, and Hans Dieter Poetsch, left, chairman of the board of directors of Volkswagen address the media during a press conference in Wolfsburg, Germany. Volkswagen said charges of securities-law violations against its CEO and board chairman are to be dropped in return for a 9 million-euro ($10 million) payment, removing a potential distraction for the company's management team as it copes with the virus crisis and oversees the rollout of a new generation of electric cars. (AP Photo/Michael Sohn, File)

Securities case ended against Volkswagen CEO, board chairman

May. 20, 2020 12:39 PM EDT

FRANKFURT, Germany (AP) — Volkswagen said charges of securities-law violations against its CEO and board chairman are to be dropped in return for a 9 million-euro ($10 million) payment, removing a potential distraction for the company's management team as it copes with the virus crisis and oversees the...

FILE  - In this Wednesday, July 25, 2018 file photo, cars are parked at a Fiat Chrysler car dealer in Milan, Italy. European car sales bottomed out last month as the automotive industry faces the worst crisis in decades.  
Strict lockdown measures to contain the coronavirus shutdown most dealerships across the continent for the full month of April, amid a precipitous drop in consumer spending, causing sales to collapse by an unprecedented 76%, according to the ACEA car manufacturers’ association. (AP Photo/Luca Bruno, File)

April European car sales see worst drop since records began

May. 19, 2020 3:00 AM EDT

MILAN (AP) — European car sales bottomed out last month as the automotive industry faces its worst crisis in decades. Strict lockdown measures to contain the coronavirus closed most dealerships across the continent for the full month of April amid a precipitous drop in consumer spending, causing sales to...

FILE - In this Wednesday, Aug. 1, 2018, file photo a logo of the car manufacturer Volkswagen is pictured on top of a company building in Wolfsburg, Germany. (AP Photo/Michael Sohn, file)

VW car sales, profits plunge during coronavirus crisis

Apr. 29, 2020 5:07 AM EDT

FRANKFURT, Germany (AP) — Automaker Volkswagen saw car sales and operating profit plunge in the first quarter as the coronavirus outbreak closed dealerships and halted production. But the company said it had strong cash reserves and aimed to make a profit for the full year. Global sales fell 23% to 2...

Max Bruehmann (l) and Heiko Gruner employees of German car producer Volkswagen Sachsen, work with face masks in the assembly of the ID.3 in the vehicle plant in Zwickau, Germany, Thursday, April 23, 2020. At carmaker Volkswagen, vehicle production restarts after a corona shutdown of more than five weeks. Production of the all-electric ID.3 will initially be restarted with reduced capacity and cycle time. Zwickau is the first VW vehicle plant in Germany to resume operations. (Hendrik Schmidt/dpa via AP)

With masks and distancing, Volkswagen restarts production

Apr. 23, 2020 12:14 PM EDT

ZWICKAU, Germany (AP) — German automaker Volkswagen restarted production on Thursday at its plant in Zwickau, where its crucial mass-market electric vehicle is being made ahead of its launch later this year. The company said the plan was “health before production numbers” as the assembly line...