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Wolfsburg - Volkswagen said on Thursday that only a small group of employees were responsible for cheating US diesel emissions tests and there was no indication that board members were involved in the biggest business crisis in the firm's history.While offering few specifics, the company’s chairman and chief executive acknowledged that engineers introduced software that would lower emissions of nitrogen oxides in many of its diesel engines after realizing there was no legal way for those engines to meet tight U.S. emissions standards “within the required time frame and budget.&...
The first BMW’s i8 Spyder concept was seen at the Beijing Auto Show in 2012. The german newspaper "Handelsblatt" reported that the automaker, BMW CEO Harald Krüger, confirmed the arrival of i8 Spyder production. Changes between the concept and production versions are expected to be kept to a minimum, while the doors and side sills will be moved into line with those featured on the i8 coupe, the stylish rear buttress design will probably have to be redesigned to fit an actual roof mechanism, other elements should remain close to the concept. Around the same time,...
The California Air Resources Board (CARB) ordered Audi, Porsche and Volkswagen to recall and repair “illegal” emissions software in more than 15,000 vehicles with 3.0-liter diesel from model years 2009 – 2015 that were sold in California.The automakers have 45 business days from November 25 to put together a recall plan and deliver it to CARB. The order affects about 15,000 California vehicles out of approximately 85,000 sold in the U.S. with diesel engines supplied by Audi.Audi appeared already to be moving toward a recall for the 3.0-liter models. The luxury brand said in a...
Volkswagen Group management reduces the range of possible car model versions and their sets to make up the losses from the emission scandal. This way the German manufacturer hopes to save 1.9 billion euros.The top manager of Volkswagen, Bernd Osterloh, said that this decision, reduce labor costs and complexity, was taken for a long time. Osterloh said reducing the variety of car models and options could enable Volkswagen to "take out costs there on a large scale" without forcing the company to cut jobs, Bloomberg reported. VW has one major U.S. factory, located in Chattanooga, Tenn.V...
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...
