A growing stack of government and private studies has made increasingly clear that Volkswagen was hardly the only company to flout pollution limits
At Rs 5.14 lakh, ex-showroom, Thane, the car is competing with Maruti's Dzire, priced at Rs 5.52 lakh
The company said that the recall is purely voluntary in nature as it did not face any charges regarding violating emission norms in India
A total of 323,700 cars of Volkswagen, SkodaAuto and Audi were to be recalled under a decision announced December last year
Confiscated models include Audi's A1 and A3 and Volkswagen's Golf
Company's net profit slumped by 20.1% in January-March period, on a 3.4% decline in sales
Net profit figure fell short of the 2.44 billion euros expected by analysts surveyed by financial information provider FactSet
The German company has invested Rs 720 crore to make the sub-4 meter car
This marks company's entry into compact sedan segment
The automaker reportedly was "on track to meet the court deadline" of June 21 for a deal with the govt and car owners who sued them for billions of dollars
The news came amid growing signs a regulatory clampdown in the wake of VW's cheating is affecting the broader industry.
But the money could be paid out three years later in 2018
Company in September admitted cheating on emissions tests for 11 million vehicles worldwide since 2009
As part of the settlement with US authorities, the carmaker has also agreed to a compensation fund for owners
The costs of the scandal are still incalculable but are expected to run into many billions of euros (dollars) as a result of fines and lawsuits
As the carmaker struggles with its emissions scandal.
VW and US regulators have been set an April 21 deadline by a federal judge to agree a fix for nearly 600,000 cars affected in US
Volkswagen Chief Executive Matthias Mueller will push for a significant reduction in bonuses for the carmaker's management board on Monday, sources familiar with the matter told Reuters.The proposal being put forward at a supervisory board steering committee meeting follows criticism from one of Volkswagen's major shareholders, the state of Lower Saxony, about intentions to pay bonuses to top managers while the company grapples with the diesel emissions crisis and prepares to cut costs elsewhere.Bonuses for senior managers have become a flashpoint in an escalating dispute with powerful labour leaders at Europe's biggest carmaker as it prepares to finalise a new strategy.Separately, Germany's Bild am Sonntag newspaper said in an unsourced report that Mueller would ask board members to accept a voluntary bonus reduction of about 30 per cent.Volkswagen declined to comment.On Friday sources familiar with the matter told Reuters that the steering committee would use Monday's meeting to disc
A federal judge in San Francisco gave the carmaker till April 21 to come up with a solution for diesel vehicles sold in the US that were fitted with cheating software
At Wolfsburg, workers fear for their jobs, municipal finances take a hit on Volkswagen's fortunes