Volkswagen announces that it will cut investment next year by eight percent, or one billion euros, while it shepherds cash to pay for the diesel emissions issue.
The Daily Kanban reports that 10 to 15 additional cases of automakers cheating on diesel emissions tests will be announced in the coming weeks.
Volkswagen has shown an emissions solution for the 1.6-liter TDI engine to federal authorities in Germany. If approved, the recall for the 1.6 liter might still take a year to complete in Germany alone.
EU Testing Standards Known To Have More Loopholes Than US
In 2011 meetings, regulatory officials worried about just the sort of thing that VW did to defeat European diesel emissions tests.
EPA May Have Been More Vigilant Than EU
Some European regulators may have known about cheat software as far back as 2011.
2015, 2016 Model Year Light-Duty Vehicles Will Be Targeted
The EPA has been using a 'real-world' testing process primarily for diesel trucks. That's about to change.
German Automaker Will Recall 17,000 Vehicles
Penalty stems from alleged cheat software in Amarok pickup trucks.
Finance Charges, Full Car Lots May Vex US Volkswagen Sellers
German automaker has already launched $1,000 'Goodwill' plan for car owners.
Updated Styling Is Good, Diesel Powertrain Not So Much
Popular Volkswagen sedan will continue to be available with four-cylinder, six-cylinder gas-powered engines.
Volkswagen hires engineer Johann Jungwirth away from Apple, where it is suspected he was part of the team working on Apple's Project Titan EV.
If It Wasn't For Those Meddling Engineers...
Automaker's engineering department may become public enemy No. 1 as regulators look to place blame.
Germany's Manager Magasin says Volkswagen believes the diesel scandal will cost it more than 30 billion euros, leading to managerial promotions being frozen for 2016.
US EPA May Also Be Contacted
German Transport Minister Alexander Dobrindt plans to discuss issue with US counterparts.
Volkswagen admits the bill for its diesel emissions subterfuge will exceed $7.3 billion, while Credit Suisse tells investors the bill could reach $87 billion.
Little Group May Have Cost VW Lots Of Money
Could just two people have been involved in orchestrating VW's funny diesel software?
Volkswagen is trying to keep the lawsuits over its diesel emissions software out of California, suggesting Alexandria, VA or Detroit, MI as alternatives.
Kelley Blue Book says auction prices for Volkswagen diesels on its site have gone down 16 percent since the emissions scandal broke.
Florida Senator Pushes For 'False Advertising' Punishment
The Federal Trade Commission will probe Volkswagen's "clean diesel" ad campaign.
Once Tied With Toyota, VW Is Now More Like Chrysler
Watchdog group says VW fleet's overall environmental impact may be 25% higher than previously thought.
Falling Platinum Prices Don't Hurt, Either
Heightened testing procedures are boosting the value of emissions-control systems makers, money managers say.
Spanish Prosecutors Call For Probe Of VW For Fraud
Legal investigations into the VW diesel scandal continue in Europe, where French police have raided company offices.
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