It isn't yet clear whether Martin Winterkorn knew about the "defeat devices" in certain U.S. cars, notes Olaf Storbeck.
India's automobile market is expected to register a slower growth between 12-14 per cent in the current calendar year, as compared to 30 per cent in 2010, an industry official said on Thursday.
In January this year, VW had said it will invest a minimum of Rs 2,000 crore on its Indian operations by 2013 to ramp up capacity, launch new models and strengthen research activities.
New Volkswagen Chief Executive Matthias Mueller warned staff on Tuesday to brace for "massive cutbacks" in response to the diesel emissions scandal that has hammered the company's stock and reputation.
Formula One will have a new power unit from 2026 with the focus on sustainability and a more cost-efficient future.
it will share the platform will Polo.
Volkswagen has come under fire from various authorities.
The scandal has also rocked the wider car market, with manufacturers fearing a drop in diesel car sales.
Higher costs of car inventories, missing sales targets and manufacturer expectations, and soaring rentals, are eating into dealers' margins.
Dutch financial major ABN Amro will sell its fleet management arm LeasePlan Corporation, which has operations in India and 25 other countries, to Volkswagen and two other companies for 2.13 billion euro.
After several unsuccessful attempts to enter the Indian market, Europe's largest car manufacturer Volkswagen has finalised its plans for a manufacturing plant in Pune at an investment of Rs 2,450 crore ($530 million).
VW overtook Japan's Toyota in the first half of this year to become the world's biggest carmaker by sales, but is facing a sharp slowdown in its most profitable market, China.
In the US, VW faced penalties of up to $18 billion.
BMW sold 9,375 units in India in 2012, topping the list of luxury car makers for the fourth consecutive year.
Some new EU cars, including Mercedes, BMW and Peugeot vehicles, were using around 50 percent more fuel than manufacturers claimed.
American tech billionaire Elon Musk on Saturday said his proposed visit to India has been postponed due to "very heavy Tesla obligations". The electric carmaker Tesla CEO -- who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Narendra Modi -- wrote on X that he is looking forward to coming to India later this year.
India is seen as an emerging market for luxury cars.
Czech automaker Skoda on Monday forayed into the midsize SUV segment in India with the launch of its new offering Kushaq, priced between Rs 10.5 lakh and Rs 17.6 lakh (ex showroom Delhi).
VW cheating a 'well thought-out crime', diesel cars under lens
German luxury car maker Audi on Monday said it will start production of vehicles in India by next year, utilising group company Skoda's facility at Aurangabad and would float a new sales company.
Volkswagen overtook Toyota as the world's largest carmaker by sales.
The Audi A8L's pricing is yet to be disclosed, but we believe it will be close to Rs 80 lakh.
The company has been saying it would introduce the new car and it would be priced below Fabia, the range for which starts at around Rs 500,000. Other models of the company in India are Laura, Octavia and Superb.
The company, a part of the Volkswagen Group, will also introduce its sports utility vehicle, Yeti, and a stripped-down version of its premium hatchback, Fabia, in India by the end of this year.
Volkswagen's premium brands Audi and Porsche will join Formula One after convincing the German automaking group that the move will bring in more money than it will cost, VW Chief Executive Herbert Diess said on Monday.
SkodaIndia, a fully-owned subsidiary of Volkswagen Group's SkodaAuto of Czech Republic, today revealed the company's plan to launch Skoda Fabia, its first small car in the Indian market.
A part of Volkswagen Group, Audi currently imports its 'A4', 'A6' luxury sedans and SUV 'Q7' in India through the completely-built-unit route.
The yet-to-be-named car, which will be priced in the Hyundai i-10 price bracket, had crossed the feasibility study stage and was in the final stages of design. "Cars below Rs 5 lakh constitute nearly 80 per cent of the total Indian market. India is predominantly a small car market and we have a clear strategy to grow in the Indian market," Thomas Kuehl, member, board of directors (sales and marketing), Skoda India.
Almost 5 years after it aborted a planned foray into the Indian market with sister concern Skoda, German luxury car maker Audi AG is again preparing to drive into Asia's fourth-biggest car market with the Rs 35 lakh two-door TT Coupe.
In an aggressive bid to more than double its sales, Volkswagen group company Skoda Auto India on Wednesday said it would launch Fabia and Octavia II sedans next year and make the Indian operations a hub for South Asia.
The Skoda RS has been priced at Rs 13.23 lakh (ex-showroom, Delhi).
Volkswagen group company Skoda Auto India said on Wednesday that it would launch luxury car 'Superb' and premium sedan 'Laurin & Klement' in March and 'Fabia' would follow suit soon.
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
Volkswagen group company Audi on Thursday rolled out its luxury sedan 'A4' with a price tag of over 24 lakh
Volkswagen group company Skoda Auto India on Thursday launched luxury sedan Superb and said it aimed to break even in 2005 by selling 10,000 cars and launch new models on four product lines till 2008.
On Day One of the lockdown announced by the Maharashtra Government, it wasn't business as usual for automobile manufacturing units in the State. Confusion prevailed over regulations-what is allowed and what isn't. While some units ran with less than half the workforce, others sought clarity from the government on what is permissible and what isn't.
Europe's largest carmaker had previously admitted to installing cheat software on up to 11 million vehicles worldwide with smaller diesel engines.
'Approach people with respect, mindful that they know their job better than you do, and that you're not superior to them just because you may be better educated or their boss.' Skoda Auto VW India MD Gurpratap S Boparai cites his management credo to Pavan Lall.
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