Tag: Volkswagen

Volkswagen Recalls Audi A3s in the US Over Air Bag Concerns

BERLIN—Volkswagen has issued a recall for more than 150,000 Audi vehicles in the United States on concerns that their passenger air bags might not activate, according to a filing to the National Highway Traffic Safety Administration (NHTSA). The recall is expected to affect 153,152 Audi A3 cars built between 2015 and 2020, including the Sedan,…


Volkswagen Recalls Audi A3s in US Over Air Bag Concerns

BERLIN—Volkswagen has issued a recall for more than 150,000 Audi vehicles in the United States on concerns that their passenger air bags might not activate, according to a filing to the National Highway Traffic Safety Administration (NHTSA). The recall is expected to affect 153,152 Audi A3 cars built between 2015 and 2020, including the Sedan,…


NTD Business Full Broadcast (Mar. 18)

Are falling commodity prices a sign the recovery is slowing? Economist Daniel Lacalle says demand in Asia isn’t so hot. Volkswagen CEO wants to take on Tesla. The German automaker’s ramping up battery production. But will low lithium supply slow them down? Twenty-one States sue Biden for canceling the Keystone XL pipeline. Some states aren’t…


NTD Business Full Broadcast (March 18)

Are falling commodity prices a sign the economic recovery is slowing? Economist Daniel Lacalle says demand in Asia isn’t so hot. Volkswagen’s CEO wants to take on Tesla. The German automaker is ramping up battery production. But will low lithium supply slow them down? Twenty-one states sue Biden for canceling the Keystone XL pipeline. Some…


Volkswagen’s Skoda Says to Cut 2% of Admin Jobs in 2021

PRAGUE—Volkswagen’s Skoda Auto aims to cut 2 percent of administrative jobs in the Czech Republic in 2021 by not replacing staff who leave rather than through redundancies, the country’s largest carmaker said on Thursday. Skoda, the Czech Republic’s biggest exporter, employs around 42,000 people globally. While most of these staff are employed locally, the company…


Volkswagen Weathers Pandemic With $10.7 Billion Profit

FRANKFURT, Germany—Volkswagen said Friday it made a better than expected profit of €8.8 billion ($10.7 billion) after tax in 2020 despite the pandemic. The world’s No. 2 automaker said the rapid recovery of China, its largest single market, and resilient sales of luxury vehicles helped the bottom line. The company gave an upbeat outlook for…


Volkswagen Plans to Challenge Google With Own Autonomous Car Software

HAMBURG—Volkswagen plans to develop most of the software needed for autonomous cars in-house, the head of the German carmaker’s luxury unit Audi said on Tuesday. The carmaker is not rejecting collaborations in some areas outright, said Markus Duesmann, who as well as running Audi is also on Volkswagen’s management board, where he is responsible for…


Volkswagen Asks US Supreme Court to Reverse Ruling on Local Emissions Claims

WASHINGTON—Volkswagen AG and a German auto supplier on Tuesday asked the U.S. Supreme Court to reverse a lower-court ruling that said two counties could seek financial penalties over excess diesel emissions that could total billions of dollars. The German automaker’s U.S. unit and Robert Bosch LLC asked the U.S. high court to reverse a unanimous…