In a world increasingly conscious of its carbon footprint, ‘dieselgate’ cast a dark shadow over the entire motor trade.
Marriott Motor Group has blamed pressure in margins and the effects of the Volkswagen emissions scandal for a slump in profits.
NFDA director Sue Robinson has insisted that the association will has “teeth” as it pursues dealers’ interests in an opening address to the annual Autumn Roadshow.
Caffyns has reported underlying profit was up in the six months to the end of September by 2.3% to £1.01 million with profit before tax up 221% to £5.49m.
London Mayor Sadiq Khan has written to Volkswagen asking it to pay £2.5 million to Transport to London in compensation for congestion charge revenue lost following the diesel emissions scandal.
Volkswagen has announced 30,000 job cuts in a restructuring drive designed to help the company recover from the diesel emissions scandal which began more than a year ago.
Volkswagen’s customers will dictate the speed of any ‘dieselgate’ fix, says Prof Jim Saker.
No US-style payouts for UK Volkswagen Group retailers, as Government says dealers could still face claims from consumers.
The Department for Transport has summoned Volkswagen bosses to answer questions about its “unacceptable” treatment of UK customers in the wake of the dieselgate emissions scandal.
Volkswagen AG will pay $1.21 billion (£940 million) in compensation to 652 dealers in the US as part of its $16.5bn (£12.7bn) diesel emissions settlement.
Diesel sales are not only beginning to slow in the new car market, but that selling used diesel powered cars is less profitable.
Volkswagen Group plans to create a 13th brand within the company, this time dedicated to mobility services.
Volkswagen has pledged to complete fixes to the 8.5 million vehicles affected by dieselgate recalls by autumn 2017 in a letter to Brussels.
It is incumbent on dealerships to adopt an effective crisis management plan as part of their own risk management strategies.
The emissions scandal has failed to dent Volkswagen Group brand residual values – or consumer appeal.
Lawyers battling Volkswagen Group have shifted their sights towards Bosch, stating that the supplier was an active participant in the "decade-long illegal enterprise to defraud US consumers.”
Another 460,000 Volkswagen Group vehicles will receive fixes to their emissions software after German regulators approved plans for diesel engines smaller than 1.2-litres.
Volkswagen has suffered Europe’s biggest market share drop of 2.4% during July but remains the regions’ largest car manufacturer as Europe suffers 2% fall in new car sales.
A German court has cleared the way for 170 investors to pursue Volkswagen with legal action over the emissions scandal.
MPs claim the Government should investigate and consider prosecuting over Volkswagen's emissions deception, but it has been far too slow to act.
