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Last week, during a meeting concerning the company’s U.S. strategy, with the VW AG executives in Germany, Volkswagen’s U.S. dealers required reparations from the automaker for financial damages caused by the company's emissions violations.Though it is too early to discuss the size of any settlement so soon after pitching the proposal, it is evident that a special strategy for how Volkswagen is going to approach the dealer network on franchise damages, is needed. The prospect of reparations will be among the pressing topics to be addr...
As a punishment for pollution from Volkswagen's cars after the automaker cheated on diesel-emissions tests, a national remediation fund and a separate one for California is likely to be established. Volkswagen Group is now in talks with U.S. authorities on this matter.The national fund would be administered by the Environmental Protection Agency and used to promote clean transportation throughout the U.S. The other would be run by California to promote zero-emission vehicles in the state. Negotiations are continuing and many details are still being determined. Through a...
On Saturday Modi, the Prime Minister of India, has visited Tesla’s TSLA -2.55% factory, where the company is churning out electric cars and battery packs that can store energy from the power grid and from solar panels. On Sunday the Prime Minister met with the likes of Facebook FB -1.90% CEO Mark Zuckerberg, Apple’s AAPL -0.22% Tim Cook and Google’s GOOG -2.28% Sundar Pichai.In this video of India’s Ministry of External Affairs on YouTube, shows Modi arriving at Tesla’s factory on Saturday afternoon, greeted by Musk. ...
