Latest Volkswagen AG News

Prosecutors drop securities case against former VW CEO

Jan. 15, 2021 11:27 AM EST

FRANKFURT, Germany (AP) — German prosecutors have set aside a securities-law case against the former CEO of Volkswagen because he could face heavier penalties in a separate criminal fraud case connected to the company's 2015 diesel emissions scandal. The court in the city of Braunschweig said in a...

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, Germany. Automaker Volkswagen tripled sales of battery-only cars last year as its new electric compact ID.3 came on the market ahead of tough new limits on auto emissions. (AP Photo/Jens Meyer, file)

Volkswagen sold 9.3 million cars in pandemic year, down 15%

Jan. 13, 2021 9:09 AM EST

FRANKFURT, Germany (AP) — German automaker Volkswagen said its global sales fell 15.2% during 2020 due to the COVID-19 pandemic but showed significant recovery toward the end of the year. The company more than tripled its sales of battery-only vehicles. Global sales for all of Volkswagen's brands amounted...

FILE - In this Tuesday, Feb. 25, 2020 file photo, Electric car ID.3 cars stand at the factory area during a press tour at the plant of the German manufacturer Volkswagen AG ,VW, in Zwickau, Germany. Automaker Volkswagen tripled sales of battery-only cars last year as its new electric compact ID.3 came on the market ahead of tough new limits on auto emissions. (AP Photo/Jens Meyer, file)

Volkswagen triples electric car sales ahead of climate rules

Jan. 12, 2021 9:22 AM EST

FRANKFURT, Germany (AP) — Europe's push into electric cars is gathering speed — despite the pandemic. Automaker Volkswagen tripled sales of battery-only cars in 2020 as its new electric compact ID.3 came on the market ahead of tough new European Union limits on auto emissions. And Germany, long a...

FILE - In this Wednesday, Feb. 26, 2020 file photo, CEO of PSA Groupe Carlos Tavares arrives for the presentation of the company's 2019 full year results in Rueil-Malmaison, west of Paris.  Fiat Chrysler Shareholders of Fiat Chrysler and France's PSA Group are meeting Monday, Jan. 4, 2021 to vote on a merger that will create the world's fourth-largest automaker. The new company called Stellantis will be run by PSA CEO Carlos Tavares, who is known for cutting vehicles or ventures that don't make money.(AP Photo/Michel Euler, File)

Fiat Chrysler, Peugeot shareholders approve merger

Jan. 4, 2021 1:21 PM EST

MILAN (AP) — Shareholders of Fiat Chrysler and PSA Peugeot voted Monday to merge and create the world’s fourth-largest auto company which, its architects hope, can more readily take on an enormous technological shift in the industry. Addressing separate meetings, PSA Peugeot CEO Carlos Tavares and...

FILE - In this Jan. 14 2019 file photo, Scott Keogh, President and CEO, Volkswagen Group of America, Inc., speaks during media previews for the North American International Auto Show in Detroit.  Ever since Volkswagen got caught cheating on U.S. emissions tests five years ago, the automaker has been trying to regain the confidence of American consumers. Judging by sales figures, the efforts are starting taking hold.  Keogh, VW of America’s CEO since 2018, says the company has worked to rebuild trust with big plans for clean electric vehicles.(AP Photo/Paul Sancya)

Insider Q&A: Volkswagen of America CEO Scott Keogh

Dec. 27, 2020 1:00 PM EST

DETROIT (AP) — Ever since Volkswagen got caught cheating on U.S. emissions tests five years ago, the automaker has been trying to regain the confidence of American consumers. Judging by sales figures, the efforts are starting taking hold. Scott Keogh, VW of America’s CEO since 2018, says the company...

Volkswagen facing 'massive' shortage of electronic parts

Dec. 18, 2020 3:05 PM EST

FRANKFURT, Germany (AP) — Volkswagen said Thursday it was facing production slowdowns due to a “massive” supply bottleneck caused by a shortage of semiconductor components for car electronics as global automobile markets bounce back from the pandemic sales slump. The Wolfsburg-based carmaker...

Volkswagen loses top EU court case in diesel scandal

Dec. 17, 2020 10:40 AM EST

BRUSSELS (AP) — The European Union's top court ruled on Thursday that Volkswagen breached the law by installing on its cars a so-called defeat device to cheat on emission tests and cannot argue it was merely protecting car engines. The scandal known as “Dieselgate" erupted five years ago when the...

FILE - In this Monday, Sept. 9, 2019, file photo, CEO of Volkswagen Herbert Diess introduces the new VW ID.3 at the IAA Auto Show in Frankfurt, Germany.(AP Photo/Michael Probst, file)

Volkswagen board issues vote of confidence in CEO Diess

Dec. 14, 2020 3:31 PM EST

FRANKFURT, Germany (AP) — The board of automaker Volkswagen has given CEO Herbert Diess a public show of support for his push into digital and electric cars after media reports Diess had clashed with the company's powerful labor representatives over issues including top personnel decisions. The board...