COFFS HARBOUR, AUSTRALIA - SEPTEMBER 13: Sebastien Ogier of France and Julien Ingrassia of France compete in their Volkswagen Motorsport Volkswagen Polo R WRC during Day Three of the WRC Australia on September 13, 2015 in Coffs Harbour, Australia.

Australia Says Volkswagen Faces Hefty Fines If Emissions Cheating Confirmed

SYDNEY, Oct 1 (Reuters) – German automaker Volkswagen faces millions of dollars in fines in Australia if it is found to have misled local consumers on emissions claims, Australia’s competition regulator said on Thursday. Volkswagen is grappling with the biggest business


CEO Resigns as VW Scandal Could Cost up to $30B

CEO Martin Winterkorn just stepped down as CEO of VW Group after the company admitted that for the last 6 years they had installed sensor “defeat device” software to reduce emissions readings by up to 98 percent in 500,000 diesel-powered cars sold in the United States.

The Associated Press

Volkswagen Boss Quits Over Diesel Scandal: U.S. Plans Criminal Probe

Volkswagen CEO Martin Winterkorn resigned on Wednesday, taking responsibility for the German carmaker’s rigging of U.S. emissions tests in the biggest scandal in its 78-year history. “Volkswagen needs a fresh start – also in terms of personnel. I am clearing