Volkswagen sues India to quash 'enormous' $1.4 bn tax demand, legal filing showsVolkswagen has challenged a $1.4 billion tax demand by Indian authorities, arguing it contradicts New Delhi's car part import taxation rule...
02 Feb, 2025, 01.32 PM IST
VW managers to get 10% pay cut in plan to slash bonuses, German newspaper reportsVolkswagen managers will face a two-year 10% pay cut due to reduced bonuses, as part of a deal with unions to cut jobs and production. The ...
22 Dec, 2024, 08.31 PM IST
Volkswagen, union extend crunch talks over plant closures and pay cutsVolkswagen and its labor union are locked in intense negotiations to avert plant closures and pay cuts. Progress has been made, but a deal ...
19 Dec, 2024, 02.17 PM IST
Volkswagen India unit faces $1.4 billion tax evasion noticeIndia has accused Volkswagen of evading $1.4 bn in taxes by misclassifying car component imports as individual parts. This allowed Volkswag...
29 Nov, 2024, 08.46 PM IST
Volkswagen weighs wage cuts, bonus reductions in push to save 4 billion euros - HandelsblattVolkswagen is considering significant cost-cutting measures, including a 10% wage cut and a two-year wage freeze, to save 4 billion euros. ...
27 Oct, 2024, 11.25 PM IST
Volkswagen powers up the grid to take on TeslaVolkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more all...
17 Nov, 2021, 06.31 PM IST
Volkswagen powers up the grid to take on TeslaUnderlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German ener...
17 Nov, 2021, 11.42 AM IST
JPMorgan to buy majority stake in Volkswagen's payments businessThe U.S. bank has agreed to buy close to 75% of Volkswagen Payments S.A. for an undisclosed sum, subject to regulatory approvals.
08 Sep, 2021, 04.54 PM IST
JPMorgan to acquire majority stake in Volkswagen's payments businessJPMorgan has agreed to buy close to 75% of Volkswagen Payments for an undisclosed sum. The US bank said it plans to invest in and rebrand t...
08 Sep, 2021, 02.06 PM IST
Former Volkswagen CEO Martin Winterkorn to pay firm $13 million over diesel scandalWinterkorn's payment is his share of an overall 288 million-euro settlement with Volkswagen by him and three other former managers. Volkswa...
09 Jun, 2021, 08.25 PM IST
Volkswagen to get $351 million in dieselgate settlement with former executivesThe settlement came on the same day that Berlin prosecutors charged Winterkorn with giving false testimony to the German parliament when he...
09 Jun, 2021, 05.47 PM IST
Volkswagen clinches wage deal with Germany's IG Metall unionThe deal with IG Metall, struck after 14 hours of negotiations in what was the fifth round of talks, will see salaries rise by 2.3% from Ja...
13 Apr, 2021, 03.20 PM IST
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19Volkswagen India on Wednesday introduced leasing options and flexible financing instruments for purchase of its vehicles with an aim to dri...
27 May, 2020, 01.29 PM IST
ITAT wants Volkswagen to pay taxes for a six-year-old deal with Nicolas CageSix years later a tax tribunal has ruled that the payment of $440,000 by Volkswagen Finance, a Volkswagen arm in India, for the celebrity a...
23 Mar, 2020, 08.47 AM IST
Sebi proposes plugging a loophole in MF transactionsIf you have been reading any investing-related news recently, you would probably guess — correctly — that this effort of the regulator is a...
06 Jan, 2020, 01.42 PM IST
Volkswagen settles Australia emissions cheating scandalIt was revealed in 2015 that more than 97,000 VW vehicles in Australia were fitted with technology that was designed to cheat emissions tes...
16 Sep, 2019, 10.05 AM IST
Volkswagen awards top management 63.24 million euros in remunerationThe company withheld part of bonus payments but will award them at a later date if certain performance criteria are fulfilled, including a ...
28 Apr, 2016, 02.41 PM IST