BLOOMFIELD HILLS, Mich., Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that it has acquired Audi Eatontown, Porsche Monmouth, Jaguar Monmouth and Land Rover Monmouth located in Monmouth County, New Jersey, one of the wealthiest counties in the United States. These franchises were acquired from the Schneider Nelson Auto Group […]
Detroit, Mich. — Today the UAW-GM Council and the International Union, UAW’s International Executive Board (IEB) met to discuss the ratification results for the tentative National Agreement recently negotiated with General Motors LLC. As previously noted, while the majority of the entire UAW-GM membership voted in favor of the tentative agreement – 55.4 percent in […]
Matthias MĂĽller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, has announced the five key steps to realign the Group. “We have to look beyond the current situation and create the conditions for Volkswagen’s successful further development”, said MĂĽller in Wolfsburg on Wednesday. He presented a five point plan that he intends to use […]
WASHINGTON – Today, EPA is issuing a second notice of violation (NOV) of the Clean Air Act (CAA) to Volkswagen AG, Audi AG and Volkswagen Group of America, Inc. This NOV is also being issued to Porsche AG and Porsche Cars North America. These five companies are collectively referred to as Volkswagen (VW). The NOV […]
WASHINGTON – The Department of Transportation’s National Highway Traffic Safety Administration today issued two orders designed to protect the traveling public from defective Takata air bag inflators. The orders impose the largest civil penalty in NHTSA’s history for Takata’s violations of the Motor Vehicle Safety Act, and for the first time use NHTSA’s authority to […]
RUCKERSVILLE, Va. – Ten major vehicle manufacturers have committed to making automatic emergency braking (AEB) a standard feature on all new vehicles built, the U.S. Department of Transportation, its National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) announced today. “We are entering a new era of vehicle safety, focused […]
Today, the Commission has adopted two decisions concerning tax rulings granted by Luxembourg to Fiat and by the Netherlands to Starbucks. The tax rulings have artificially reduced the tax burden of both companies. This is illegal under EU state aid rules. The decisions send a clear message: National tax authorities cannot give any company, however […]
At its meeting today, the Supervisory Board of Volkswagen Aktiengesellschaft elected Hans Dieter Pötsch (64) as its Chairman with immediate effect. The Supervisory Board appointed Frank Witter (56), previously Chairman of the Board of Management of Volkswagen Financial Services AG, to succeed Pötsch as Member of the Board of Management with responsibility for Finance and […]
In a meeting on Wednesday, September 23, the Executive Committee of the Supervisory Board of Volkswagen AG discussed in detail the manipulation of emissions data of Volkswagen Group diesel engines and came to the following conclusions: 1. The Executive Committee takes this matter extremely seriously. The Executive Committee recognizes not only the economic damage caused, […]
Washington – Today, EPA is issuing a notice of violation (NOV) of the Clean Air Act (CAA) to Volkswagen AG, Audi AG, and Volkswagen Group of America, Inc. (collectively referred to as Volkswagen). The NOV alleges that four-cylinder Volkswagen and Audi diesel cars from model years 2009-2015 include software that circumvents EPA emissions standards for […]
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