Germany based Volkswagen posted on Friday a record loss for 2015 and has set aside over $18 billion for the legal claims, fines and recalls in the U.S. as well as other countries related to its software installed in engines to cheat diesel emissions tests. Volkswagen announced that it had lost over 5.5 billion euros […]
Volkswagen Sees Global Sales Drop Below 10 Million
Volkswagen Group announced on Friday that its global sales had fallen below the threshold of 10 million vehicles for 2015, as the emissions scandal at the company and a lackluster economy across China damaged the brand and potentially solidified the hold by Japanese automaker Toyota as the largest automaker in the world. Though at one […]