A group of hedge funds want over €1.3bn from Porsche. They say Porsche management misled them in the takeover struggle with Volkswagen.
The head of the world's biggest carmaker Volkswagen has issued an unprecedented call to end tax breaks for diesel fuel in Germany, saying the technology must make way for cleaner ways of driving.
Former Volkswagen executive Oliver Schmidt has been handed down a seven-year prison sentence in a US court, after pleading guilty to charges stemming from his role in the German carmaker's emissions-cheating scandal.
Here it is again, the VW diesel crisis. Even if the German auto giant appears reformed and wants to look ahead, the legal processing in its Dieselgate scandal is only at a starting stage, says DW’s Henrik Böhme.
German carmaker Volkswagen has announced it will boost investments in the development of electric cars in the next five years. The company has set out to become a global leader in e-mobility and new-energy vehicles.
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