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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.

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Volkswagen US sales fall by 25%

2015-12-01 17:56:33| BBC News | Business | UK Edition

German carmaker Volkswagen sees its US sales fall by 25% in November as a result of the continuing emissions scandal.

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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.

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Volkswagen, DOJ want diesel civil cases heard in Detroit

2015-11-30 23:25:45| Automakers - Topix.net

Volkswagen AG and the Justice Department want a U.S. judicial panel to centralize in Detroit hundreds of civil lawsuits alleging the German automaker defrauded consumers and shareholders, according to court filings. A logo of Volkswagen is seen on a Golf car parked at a dealership in Seoul, South Korea, November 25, 2015.

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Toyota world's biggest automaker after Volkswagen sales fall in October

2015-11-27 21:42:56| Automakers - Topix.net

Toyota Motor Corp.'s global sales for the year to October totalled 8.35 million vehicles, making it the world's biggest automaker. Toyota Motor Corp. remains the world's top-selling automaker after Volkswagen AG sales fell 5.3 per cent in the wake of its diesel emissions scandal.

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