Volkswagen is struggling to emerge from its emission cheating scandal. Sales in the US continue to drop, and in Europe VW is losing market share. Analysts say the carmaker needs to catch up in terms of technology. Bad news for chief Matthias Müller.
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.
Prosecutors and investigators from tax authorities have raided the offices of several senior officials from German carmaker Volkswagen. The move was part of an effort to scrutinize the firm in a tax evasion probe.
The world's major carmakers are cautiously upbeat about the industry's prospects for 2017, despite facing fundamental change from tighter emissions rules, electric vehicles and autonomous driving.
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