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Volkswagen Issues Recall of 281,500 Cars due to Fuel Leak; No Injury Reported

Oct 10, 2016 09:33 AM EDT

German auto manufacturer Volkswagen Group has recalled about 281,500 units of the Volkswagen Golf and Volkswagen Golf GTI hatchbacks with year models 2015 and 2016. Volkswagen is also recalling Golf SportWagen wagons, and luxury model Audi A3. The company said that the recall is due to a potential gas leak that was recently discovered.

Volkswagen is enjoying an upbeat sale in China and plans to invest more joint ventures.

Gett Receives $300 Million Investment From Volkswagen

Phenny Lynn Palec |

May 26, 2016 11:57 AM EDT

The on-demand transportation market continues to grow, and the latest to steal the spotlight is Gett, a New York-based startup that operates primarily based in Europe. Gett has made the headlines after the startup received $300 million in investment from Volkswagen. The German car manufacturer wants to use the investment to spearhead its on-demand and autonomous cars.

Volkswagen Diesel Fix Deadline Looms Closer

Phenny Lynn Palec |

Apr 22, 2016 10:59 AM EDT

US district court judge Charles R. Breyer ordered car manufacturer Volkswagen in March to create a viable contingency plan to fix its diesel cars that will satisfy both federal and state officials

Volkswagen May Cancel Dividend Payout due to Emission Scandal Costs

Phenny Lynn Palec |

Mar 30, 2016 06:56 PM EDT

German auto manufacturer Volkswagen is reported to be considering suspending its 2015 dividend payouts as the company continues to struggle to deal with the cost of its diesel emissions scandal.

Volkswagen Claims Emission Scandal Scope Smaller than Originally Anticipated

Phenny Lynn Palec |

Dec 10, 2015 01:00 PM EST

Volkswagen has been in the center of public scrutiny and outcry following the discovery that the company cheated on some of its emission test results. The German automaker released a statement on Wednesday claiming that the emission test result mishapp twas not as huge as it was originally anticipated.