Factors to watch today: New VW CEO. Who gets fired. Spread of scandal to other makers. For investigative journalists: Find the defeat device in gasoline cars.
- India orders probe into Volkswagen cars – Mint – Reuters: The Indian government has ordered a probe into Volkswagen emissions after the carmaker admitted cheating on U.S. pollution tests, the Mint newspaper reported on Friday citing officials familiar with the matter.
- At least 29 U.S. state attorneys general to probe, subpoena Volkswagen – Reuters: At least 29 U.S. state attorneys general on Thursday initiated a multi-state investigation of Volkswagen over its representations to consumers over their diesel vehicles, according to a spokeswoman for Illinois Attorney General Lisa Madigan.
- Volkswagen to Name Porsche’s Muller as Chief Executive – WSJ: Volkswagen is poised to name Matthias Muller, the 62-year-old head of its Porsche brand, as chief executive of the entire company, a person familiar with the matter said, amid the widening emissions scandal.
- California gears up to penalize Volkswagen – Automotive News: California is preparing a major enforcement action against Volkswagen AG after the company violated tailpipe emissions tests.
- Volkswagen to Be Subpoenaed in Diesel Vehicle Joint Probe – Bloomberg: “This investigation will determine whether deceptive trade practices were used to convince consumers that their cars were environmentally friendly,…
- The Real Winner in the VW Diesel Scandal? Hybrid Cars – Wired: The EPA demands VW recall the cars and ensure they comply with … the battery and motor technology that powers hybrids and electric cars is getting…
- Volkswagen’s US sales are already slumping – CBS News: Auto analysts are projecting that U.S. new-car sales will hit a pace in September not seen in 15 years, but Volkswagen won’t be joining the party.
- California car dealers sue Volkswagen over diesel-emissions scandal – Reuters: Independent car dealerships sued Volkswagen AG in California on Thursday over losses they say they will incur following revelations that the company fitted some diesel models with software to cheat on U.S. vehicle emissions tests.
- After year of stonewalling, Volkswagen stunned US regulators with confession – Reuters: DE) in one of the biggest scandals in auto industry history came on a cool … declined to comment on the sequence of events described to Reuters.
- Volkswagen Emissions Scandal Caused the Death of Diesel? – Usnews: Did global car maker VW really need to deliberately cheat strict US car … Cutting regulatory corners is far from unknown in the automobile industry…
- Common Sense: Problems at Volkswagen Start in the Boardroom – New York Times: An insular governing structure, overseen by family members and labor, allowed the current scandal over the flouting of emissions standards to happen.
- The Environmental Legacy of the Volkswagen Scandal – Newyorker: The emissions scandal engulfing Volkswagen, whose C.E.O., Martin Winterkorn, resigned this week, could be a boon for green technology.
- Volkswagen Expected to Name C.E.O. as Pressure Mounts on Company – New York Times: Disclosures of larger problems would further dent the reputation of Volkswagen, which is a leader in an industry that forms the bedrock of the German economy.
- Volkswagen Trickery May Be More Widespread, a German Official Says – New York Times: FRANKFURT – Germany’s transportation minister said on Thursday that software installed in millions of Volkswagen diesel cars might have been…
- What is the Volkswagen diesel emissions scandal? – Theverge: As you may have heard, Volkswagen is embroiled in a growing scandal over the emissions produced by a diesel engine used in a variety of its models…
- US owners feel ‘betrayed’ by Volkswagen, vow to ditch cars – Economic Times: “When you spend this kind of money on an automobile and that is something that you need to take you to and from work or wherever, you’re expecting…
- On Leadership: Outgoing Volkswagen CEO’s exit package could top $67 million – Washington Post: Martin Winterkorn, faced with the company’s widening crisis over its rigging of emissions tests,announced his resignation as CEO of Volkswagen Group Wednesday. He is likely to leave with a pension valued around $32 million, and possibly with many millions more, depending on what the board decides regarding his severance payment.
- Auto Stock Roundup: Volkswagen Shocks, General Motors Settles Ignition Switch Case – Zacks: In another major development, General Motors Company (GM – Analyst Report) reached a $900 million settlement in the ignition switch case.
- Did Privilege Enable Volkswagen’s Diesel Deception? – Bloomberg: The company will recall 11 million cars, and its stock has fallen as much as 30 percent on the news. The company quickly set aside $7.3 billion to…