Toyota lost its title as the world's best-selling automaker to VW Group, ending the Japanese company's four-year reign, as demand for its flagship Camry sedan waned in the United States and sales in China expanded at a slower pace than the overall market.
The fix for some models involves an initial software change available now. A second phase of the fix will start in about a year when VW will install more software updates and new hardware.
Volkswagen Canada said the details of the trim line may vary between Canada and the United States.
Volkswagen AG bought North American parking-payment operator PayByPhone in the latest move by Europe's biggest carmaker to expand from manufacturing into mobility services.
A U.S. federal judge said Volkswagen has reached an agreement in principle to provide "substantial compensation" to the owners of about 80,000 3.0-litre polluting diesel vehicles, a key hurdle to resolve the German automaker's emissions scandal.
A U.S. judge said Volkswagen has reached an agreement for a mix of buybacks and fixes for about 80,000 polluting 3.0-litre diesel VW, Porsche and Audi vehicles as the German automaker works to put a diesel emissions cheating scandal behind it. The total expected cost of the settlement was not immediately available.
Volkswagen Group Canada said Dec. 19 it will pay as much as CDN $2.1 billion in settlement to Canadian owners of its 2.0-litre diesel vehicles.
Dilawri Group, Canada’s largest privately held automotive dealership group, has acquired Automobiles Niquet Audi and Automobiles Niquet Volkswagen in Montreal.
Volkswagen's decision to stop selling diesels in Canada is a direct result of the company's admission to equipping diesel vehicles with software designed to cheat emissions tests.
The Volkswagen brand will start making electric cars in North America, as the manufacturer seeks to rebuild its tarnished image in the wake of the diesel scandal. Production in that region will start in 2021, as part of a plan to sell 1 million battery-powered cars globally per year by 2025, VW said in a statement Tuesday.
VW Group will cut 30,000 jobs globally to help achieve US$3.92 billion (Cdn $5.3 billion) in annual savings by 2020. The automaker aims to turn around its core brand and help fund a shift to electric and self-driving cars following its emissions-cheating scandal.
PARIS/FRANKFURT (Bloomberg) -- Volkswagen AG has reached an agreement with U.S. environmental regulators to fix or buy back around 80,000 Audi, VW and Porsche vehicles with tainted 3.0-litre diesel engines, nearing a resolution on a key aspect of the emissions-cheating scandal, people familiar with the discussions told Bloomberg.