Middle-east Arab News Opinion | Asharq Al-awsat

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Emblems of VW Golf VII car are pictured in a production line at the plant of German carmaker Volkswagen in Wolfsburg, February 25, 2013. REUTERS/Fabian Bimmer/File Photo – RTX2NM40

Volkswagen to Cut 30,000 Jobs by 2020 after Scandal

by Asharq Al-Awsat English | Nov 18, 2016 | Business

Volkswagen on Friday announced the biggest revamp in its history, cutting 30,000 jobs at the core VW brand in a huge savings plan to help it recover from a scandal over cars rigged to cheat on diesel emissions tests. The deal, agreed with labor representatives after...

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Matthias Mueller, chief executive of Volkswagen, is displayed on a camera’s viewfinder during a news conference.
CreditLisi Niesner/Bloomberg

VW Engineer Pleads Guilty in U.S. Criminal Case Over Diesel Emissions

by Hiroko Tabuchi and Jack Ewing | Sep 14, 2016 | Business

A Volkswagen engineer pleaded guilty on Friday to conspiring to defraud regulators and car owners, in the first criminal charges stemming from the American investigation into the German carmaker’s emissions deception. The plea by the engineer, James Robert Liang, a...

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Martin Winterkorn speaks at the annual news conference of Volkswagen in Berlin, in this file picture taken March 12, 2015. REUTERS/Fabrizio Bensch/Files

Volkswagen Vortex Threatens Its Top Management

by Jack Ewing | Jun 30, 2016 | Business

FRANKFURT — The investigation into Volkswagen’s emissions scandal has for the first time reached the top echelon of management, threatening to undermine the company’s claim that wrongdoing was limited to a handful of lower-ranking managers and potentially increasing...

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The logo of German carmaker Volkswagen is seen on a Volkswagen Golf GTI car at a showroom of Swiss car importer AMAG in Duebendorf, Switzerland.

VW Faces Allianz Suit over Sharp Share Drop

by Asharq Al-Awsat English | Mar 8, 2016 | Business

WOLFSBURG, Germany – Volkswagen to be sued by German insurer Allianz over the severe drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation stated. If successful, the lawsuit would add to financial...