Volkswagen

Volkswagen to pay $15 billion for US settlement

German automaker, Volkswagen AG will have to pay whopping $15 billion in cash for settlement in the United States after it was found that the company rigged emission testing on its vehicles, according to people closer to the matter

New Jersey Files Lawsuit against VW over Diesel Vehicle Emission Fraud

New Jersey Files Lawsuit against VW over Diesel Vehicle Emission FraudNew Jersey has joined Texas, New Mexico and West Virginia, filing a lawsuit against Volkswagen, the German carmaker for using misleading software that allowed its VW, Porsche and Audi diesel powered vehicles to avert permitted pollution levels. The models concerned were portrayed as low-emission vehicles when they were really not made that way.

United Auto Workers Union Seek New Strategies at Volkswagen’s Tennessee Plant

United Auto Workers Union Seek New Strategies at Volkswagen’s Tennessee PlantThe UAW has earlier tried to organize the workers at its foreign automaker's plant located in the south but frustrated with unsuccessful efforts the union is now adopting a new approach at the Tennessee plant of Volkswagen.

Platinum Heading Towards Its Worst Quarter in Last Seven Years

Platinum Heading Towards Its Worst Quarter in Last Seven YearsSince January, for the first time, price of platinum dropped under $US900 per ounce 2009. The precious metal was mainly hurt due anxiety over the Volkswagen emissions scandal, fearing a drop in demand from automakers. However, the saving grace was the bargain-hunting investors, who later balanced the losses.

More Troubles for Volkswagen as Probes Multiply in Falsified Vehicle Emission Scandal

More Troubles for Volkswagen as Probes Multiply in Falsified Vehicle Emission ScandalVolkswagen's troubles are far from ending. The scandal which hit the car maker in relation to falsified vehicle emission tests in the U.S. could affect eleven million cars globally said the company. It also said that, investigations related to its diesel models multiplied increasing fresh pressure on Martin Winterkorn, the CEO of VW.

Volkswagen unveils 2011 version Caddy

volkswagen caddyGerman automaker, Volkswagen has unveiled the 2011 edition of its top-selling vehicle Caddy in Europe.

The new Caddy is mainly an upgrade to the outgoing model. The major changes to the exterior of the car are apparent. The company has not disclosed information about the pricing or launch date for the car.

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