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Because of the emissions scandal Volkswagen's U.S. sales are already drastically falling down. The consequences will also spread over the individual owner of diesel-powered VWs when trying to sell their vehicles on the used car market. Even though sales are otherwise on track to be extremely vigorous, but due to the VW dealerships' prohibition from selling 2-liter diesel engine vehicles, Volkswagen Group of America's sales are dropping continuously. Sales already fell with 5.2 percent in September and until the end of the month they will decrease at least 2 % more accordi...
As the scandal kept brewing for the past few days, it was a “public secret” that the CEO of VW, Martin Winterkorn was on a tight rope and would eventually have to take a fall. After the German Car-manufacturer giant admitted to having installed specific software on close to 11 million diesel vehicles in order to ”pass” emissions tests, a world-wide brouhaha brewed and exploded.Perhaps, in an effort to curtail the damage of this exploding news, Winterkorn was forced to make this decision and move forward with it. In a statement just released, Winterkorn states...
Volkswagen has apologised and ordered an external investigation to find the deception on US emissions tests to make its vehicles appear less polluting.Martin Winterkorn, chief executive of the German carmaker added: “I personally am deeply sorry that we have broken the trust of our customers and the public. We will co-operate fully with the responsible agencies, with transparency and urgency, to clearly, openly and completely establish all of the facts of this case.”The Environmental Protection Agency declared that many of Volswagen Passat, Beetle and Audi A3 sold in US market has ...
Austin new car sales rose 10.5 percent in August as Central Texas auto dealers continue to bounce back from a super start for the year. For the first eight months, car sales are up 2.5 percent compared with the same period last year, the highest rate for the year.“Austin is experiencing such rapid growth in its economy and population — at a higher rate than most areas in the U.S.,” said Vicki Roberts, dealer principal for Lexus of Austin and Lakeway. “The automotive industry as a whole is expecting its largest volume year in 2015 and there is no surprise that Austin&rsq...
Vietnam is a growing auto trade in South Asia. Car sales rose 62% in the eight months to August, to 70,033 items. The most of Vietnam's roads are produced by local companies such as market leader Thaco, which assembles vehicles for Kia, Mazda and Peugeot. But in the last few years there were imported cars from other countries and consists about 40 % of sales. Sales of Mercedes-Benz cars grew 43 % in 2014, making Vietnam the second-fastest growing global market for the German carmaker. Rolls-Royce and Bentley recently opened their first dealerships in Vietnam. The ...