Some call it greenwashing, some call it futureproofing, but VW is changing its focus by investing in what CEO Matthias Müller calls "mobility solutions".
German automaker Volkswagen posted a doubled net profit in 2017, selling more cars than ever before. Its bottom line held up despite an emissions scandal, but fallout from a recent testing scandal lies ahead.
The promise follows revelations that German automakers funded studies in which humans and monkeys inhaled diesel fumes. Volkswagen has placed its chief lobbyist on leave following the reports.
It made for emotive headlines. Diesel gas tests on monkeys – and humans? VW, still tainted by Dieselgate, was also part of the story. But the Aachen research institute involved in one study says it was unduly implicated.
US regulators have approved a fix for emissions systems in 38,000 Volkswagen AG 3.0-liter vehicles. The decision means the German carmaker won't have to buy the vehicles back, potentially saving more than $1 billion.
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