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Tag: scandal
Bosch sued over alleged role in VW diesel emissions scandal
2015-12-04 09:49:33| Automakers - Topix.net
A New York diesel owner has accused the German auto supplier Robert Bosch GmbH of conspiring with Volkswagen AG to cheat on the diesel emissions tests. Some sources revealed last month that federal prosecutors with the US Department of Justice were investigating if the German auto supplier was involved in Volkswagen's cheating scheme or if it had any knowledge about it.
Tags: role
diesel
bosch
alleged
Scandal drives Volkswagen to a 25% US sales drop
2015-12-03 01:36:45| Auto Dealers - Topix.net
The drop comes after researchers found VW engineers gamed software to fool emissions tests - and meanwhile, US may see a record year for car sales. Volkswagen's emissions scandal has devastated US sales.
German car sales will grow 4% this year despite VW scandal, industry body says
2015-12-01 13:17:24| Auto Dealers - Topix.net
Germany's auto market will shake off Volkswagen's emissions scandal to grow 4 percent this year and will expand slightly further in 2016, the VDA industry association said. New-car registrations in Europe's biggest market are expected to increase this year to 3.17 million and to about 3.2 million in 2016 if market conditions do not deteriorate, VDA said today.
Johnson Matthey Is Feeling The Fallout From The Volkswagen Emissions Scandal
2015-12-01 04:44:20| Auto Dealers - Topix.net
In a graphic example of how ripples from the stone that was the Volkswagen emissions cheating scandal are spreading across the rest of the automotive pond, Johnson Matthey 's share price dropped further during September when the scandal first brook, but has since recovered as it dawned on investors that the result of VW's emissions scandal is likely to be tougher controls... even if there is a marked swing to gasoline engines. Johnson Matthey was already in trouble due to a combination of falling platinum group metals prices and slowing demand, notably in key automotive markets such as China, for jewelry and in the oil industry as investment has been cut back.
Tags: johnson
feeling
volkswagen
emissions
Dealers hit Volkswagen with class action lawsuits over emissions scandal
2015-11-27 21:03:53| Auto Dealers - Topix.net
The emissions scandal has cost Volkswagen dearly both in revenue and reputation -- and now dealerships are the latest groups to take the company to court. In September, the Volkswagen Group was forced to recall over 400,000 vehicles in the United States after being caught using software which avoided clean air and emissions regulations.
Tags: action
class
hit
dealers
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