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Volkswagen submits an offer of €2.5 billion for French car rental firm Europcar. The deal, which would give Volkswagen 66% of Europcar's shares, has been accepted by the board but still needs to be accepted by regulators in France. Volkswagen previously owned Europcar and sold it to French investment firm Eurazeo for €3.3 billion in 2006.
2021-09-20

Toyota reduces its production quota for next month by 40% due to the resurgence of COVID-19 in Asia severely impacting the company's supply chains, especially those involved in chip production. Up to this point, the company was one of the only major car manufacturers to avoid scaling back production during the pandemic. Volkswagen warns that it might also have to reduce its production quotas for similar reasons.
2021-08-19

Volkswagen agrees to pay $175 million to United States lawyers suing the German automaker on behalf of the owners of 475,000 polluting vehicles.
2016-10-14

Volkswagen agrees to pay its U.S. dealers up to US$1.2 billion to compensate them for their losses resulting from the company's emissions cheating scandal.
2016-10-1

Volkswagen gets approval from Germany's motor vehicle authority for technical fixes on 460,000 cars.
2016-08-14

U.K. transport secretary Patrick McLoughlin says Volkswagen has to start financially addressing this problem by compensating motorists with, the estimated total is £600m (US$925 million).
2015-10-30

Volkswagen says that 11 million vehicles could have suspect emission control software and it has set aside 6.5 billion euros ($7.2 billion US dollars) for possible fines, repairs, and litigation.
2015-09-22

Volkswagen halts sales of its 4-cylinder diesel vehicles in the United States following a U.S. Environmental Protection Agency citation that their cars violated U.S. emissions standards.
2015-09-20

The U.S. Environmental Protection Agency orders Volkswagen to fix nearly 500,000 VW and Audi diesel cars from model years 2009-2015 that include software that circumvents EPA emissions standards. The company's illegal use of so-called "defeat devices" threaten public health, in some cases releasing 40 times the pollution standard of nitrogen oxide emissions. The company faces possible U.S. fines of up to $37,500 per vehicle for the violations which could total more than $18 billion.
2015-09-18