Volkswagen is to drop ‘Das Auto’ from advertising campaigns.
VW chief executive Matthias Mueller has said the company has now found technical solutions for 90% of the European vehicles affected by its emissions scandal.
Volkswagen is capping its capital expenditure to €12 billion (£8.4bn) next year, down from €13bn (£9.1bn) as it looks to prioritise its costs.
Volkswagen’s senior board is meeting this week with the company’s works council to agree on its future in the wake of the emissions scandal.
Volkswagen Group has said it has found CO2 emissions level irregularities that could affect 800,000 vehicles as part of its internal investigations.
Volkswagen's boss has outlined the steps it will take to put the emissions issue behind it. One is to focus on quality, not volume or return on sales.
Volkswagen Group has reported a £2.5 billion operating loss for the third quarter of the year, and a £1.8bn pre-tax loss, thanks to the cost of the emissions scandal.
Volkswagen Group will have completed fixes to cars fitted with illegal ‘defeat devices’ by the end of next year.
Volkswagen has revealed the names of the cars affected in the emissions’ rigging scandal, a week after the new broke.
