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August 13, 2014
13:31 EDTVLKAY, AUDVFAudi up against penalty for monopolistic demeanor in China, Reuters says
Audi (AUDVF), a vehicle unit of Volkswagen's (VLKAY), said it would pay a penalty and amend management processes at one of its China divisions after a regional head found offenses of anti-monopoly regulations, according to Reuters, citing a statement from Audi. Reference Link
News For AUDVF;VLKAY From The Last 14 Days
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November 25, 2015
17:35 EDTAUDVF, VLKAYCalifornia regulator orders Volkswagen to draft recall plan for 3-liter vehicles
California's Air Resources Board has sent an "In Use Compliance" letter notifying Volkswagen (VLKAY), Audi (AUDVF), and Porsche (POAHY) to start the process to recall and repair illegal emissions software in all 3-liter diesel vehicles, model years 2009-2015, sold in California. "The companies will now have 45 business days to assemble their plan and deliver it to the Air Resources Board. This action is the result of an admission by officials at Audi, manufacturer of all the engines involved, that the vehicles contain three undisclosed auxiliary emissions control devices," said the agency. Reference Link
08:31 EDTVLKAYVolkswagen reiterates $4.4B Spain investment plan, Reuters reports
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November 24, 2015
06:56 EDTVLKAYGerman prosecutors investigate VW for tax evasion, Reuters says
German public prosecutors are launching a probe into alleged tax evasion in connection with the emissions cheating scandal surrounding Volkswagen, Reuters reports, citing a joint report from daily paper Sueddeutsche Zeitung and broadcasters NDR and WDR. The probe centers around five Volkswagen employees and concerns several million euros of evaded tax payments connected to the the rigging of CO2 emissions, the report says. Reference Link
06:50 EDTVLKAYVW CEO: Steps to refit diesel engines 'manageable,' Reuters says
The moves needed to fix roughly 8.5M Volkswagen cars in Europe equipped with illegal emissions-control software are technically and financially "manageable," Reuters reports, citing comments from Volkswagen CEO Matthias Mueller. Reference Link
November 22, 2015
16:53 EDTVLKAYVolkswagen denies report of low sales, Reuters says
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November 20, 2015
13:17 EDTVLKAYVolkswagen close to securing EUR20B bridge loan, WSJ says
Volkswagen AG is close to approaching 13 international banks for its planned EUR20B bridge loan with the goal of restoring confidence in its creditworthiness, the Wall Street Journal reports, citing people familiar with the matter. The 12-month bridge loan should be finalized by the end of next week, the people noted, adding that banks would take credit portions of between EUR1.5B-EUR2.5B. Reference Link
08:21 EDTVLKAYVolkswagen cuts $1.1B from 2016 investment plan, Reuters reports
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06:04 EDTVLKAYReport: Volkswagen diesel recall to cost less than expected, Reuters says
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November 19, 2015
18:18 EDTVLKAYU.S. to investigate Bosch's role in Volkswagen emission scandal, Reuters says
U.S. authorities are conducting a probe into German auto supplier Bosch's role in Volkswagen AG's emission scandal, Reuters reports, citing people familiar with the matter. Reference Link
12:51 EDTVLKAYVolkswagen to reduce capex amid weakening of labor unions, Reuters says
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10:49 EDTVLKAYVW granted extra time to give full CO2 information to EU, WSJ says
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09:03 EDTVLKAYVolkswagen to suspend five-year plan practice due to scandal, Bloomberg says
Volkswagen may abandon its practice of setting a rolling five-year investment budget in response to the emissions-cheating scandal, said Bloomberg, citing people close to the company's supervisory board. That board, when it meets Friday, will discuss investment cuts as well as possibly shortening its spending plan to three years or less for added flexibility amid the scandal fallout, the report said. Reference Link
06:35 EDTVLKAYVW U.S. plant workers to vote over UAW inclusion, Reuters says
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06:29 EDTVLKAY, AUDVFAudi U.S. president: VW scandal won't diminish Audi sales in U.S., AP reports
Audi (AUDVF) U.S. sales will be largely unaffected by Volkswagen's (VLKAY) emissions cheating scandal, the Associated Press reports, citing comments from Audi of america president Scott Keogh. "We'll have a record November and a record December," Keogh said. Reference Link
06:23 EDTVLKAYVW to give details of emissions scandal in meetings with regulators, WSJ says
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06:15 EDTVLKAYVW says 120,000 diesel owners in U.S. will receive gift cards, Reuters says
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November 18, 2015
20:04 EDTVLKAYVolkswagen appoints Porsche's Steiner as compliance commissioner
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November 17, 2015
10:01 EDTAUDVFAudi selects Sirius XM Connective Vehicle Services for Audi Connect
Sirius XM (SIRI) and Audi (AUDVF) of America announced that Audi has selected Sirius XM Connected Vehicle Services Inc., a unit of SiriusXM, to power emergency services for the next generation of Audi connect. The new emergency services will be available beginning with the model year 2017 Audi Q7, which goes on sale in January 2016.
November 16, 2015
12:42 EDTVLKAYVW: CO2 manipulations affect more petrol engines than disclosed, Reuters says
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05:57 EDTVLKAYVolkswagen to buy back cars with emission 'irregularities', Financial Times says
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