Volkswagen is a German automobile manufacturer headquartered in Wolfsburg, Germany. It is the biggest German automaker and the second largest automaker in the world.
Volkswagen was originally founded in 1937 by the Nazi trade union, the German Labour Front (Deutsche Arbeitsfront), in an attempt to produce a basic vehicle capable of transporting two adults and three children at 100 km/h (62 mph). Nazi dictator Adolf Hitler wanted his German citizens to have the same access to a car as the Americans.From 1948, after WW II, VW – most notable its “Beetle” model - became a symbol of West Germany’s economic rise.
A Detroit judge has ruled against releasing Volkswagen AG manager Oliver Schmidt, who is awaiting trial over the VW emissions scandal in the US. The German national represented a "serious" flight risk, the judge said.
Good news for diesel-gate-stricken Volkswagen have been rare lately. But it's 2016 results are now reversing that trend. Despite high litigation costs, the company posted a surprisingly tidy 5-billion-euro profit. Still, Volkswagen is facing difficulties on the US market - not all of which are linked to the emissions scandal.
Opposition politicians want to find out if the German chancellor knew about the car industry's problems meeting emission rules in the US early on. They're accusing her of acting as an advocate for the German car industry with then-governor of California, Arnold Schwarzenegger.