VW is reeling after being slapped with another billion euros in penalties, on top of those that the company must pay in the US as a result of the emissions cheating scandal.
Chief Executive Oliver Blume has said the sports carmaker will focus on petrol/gasoline, hybrid and all-electric vehicles. Porsche and its parent Volkswagen have seen their image take a beating in the wake of Dieselgate.
Bengt Holmgren caught the Volkswagen bug in the 1960s and has since gone on to collect some 70 classic cars. Some 25 years after opening his own VW museum, the Swede will auction off his prized collection.
Volkswagen will exit the Iranian market, according to a US media report. It suggests the Trump administration convinced VW of the move as part of US efforts to undo the Iran nuclear deal. VW has not confirmed the report.
Volkswagen has announced that the "New Beetle," a playful spin on the classic bug, will become a thing of the past as of next year. Many Americans have fond memories of the car, despite its roots in Germany's Nazi past.
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