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U.S. authorities investigate all members who may cause in the Volkswagen's scandal emissions. Now it is German auto supplier Robert Bosch GmbH. Bosch occupied with preparing of the key components in the diesel engine for six Volkswagen models and one Audi model that the automaker has admitted to rigging to defeat emissions tests. This situation is still not opened to the public, but it is known that U.S. prosecutors have found evidence of wrongdoing at Bosch. Bosch produces the so called EDC17, an engine control module and a basic software for nearly all the four-cylinder di...
Boss Ralf Speth plans to grow in business and to have a steady place in automotive industry, rather than enjoying the sales volumes as their German competitors do. “We won’t sell millions, or be high street,” he said about Jaguar Land Rover, which has multiplied its annual car sales to almost half a million since Tata took over the company in 2008. Speth pointed out that BMW sold more in the last period than JLR will in the whole year of 2015. So they still had to compete on a global basis.Speth takes as a target the CO2 vehicles. But before this JLR expands its products...
Volkswagen sold fewer vehicles in October, but still more than anybody else in Europe.The VW statistics:Seat car sales declined 11.2%Skoda car sales declined 2.9%Volkswagen lost 0.8%Audi cars sales grew with 3.5%Porsche sales grew with 13.3%The German automaker's sales volume dropped with 0.8% in October and now makes up 25.2% of all cars sold on the continent. Before the scandal broke, that figure stood at 26.1 per cent.Across all brands, 1.14 million vehicles were sold in Europe in October. That's an increase of 2.7% from September's level.German luxury carmakers BMW and Daimler ...
A Canadian law company proposed a class action lawsuit stemming from Volkswagen's admission that it had cheated emissions tests for some of its diesel-powered cars.An investigation, which were taking place in Germany on Tuesday, has some elements that will involve also some of the Volkswagen's gas-powered vehicle products into this lawsuit. "Our firm is presently investigating the extent to which Canadian owners of Volkswagen gasoline-powered vehicles will be affected by the information derived from the ongoing investigation," said lawyer Myron Shulgan, when speaking wit...
The German manufacturer hopes to get from banks 20 billion euros. Volkswagen talks with several banks for a bridge loan in amount of 20 billion euros. The funds will be used to create so-called "financial cushion". As explained the insiders, Volkswagen has no problem with finances. However, with the help of a bridge loan the company wants to solve two problems. Firstly, to have new equipment thet can be used as a reserve. Secondly, to improve the image - to show that Volkswagen has the ability to pay, despite of the scandal with diesel engines.According to anonymous sources...
