Dieselgate battle plan for Volkswagen Group

November 04, 2016

The Volkswagen Group board is to hold an extraordinary meeting today to discuss a wide-ranging restructuring plan.

Senior management will meet to agree how to balance the need for investment in new products with cost cuts required to cover billions of euros in liabilities relating to the Dieselgate scandal.

The 20-member panel is due to meet on 18 November to confirm spending plans, but the scale of the challenges facing the business has made the additional meeting necessary.

Among the issues to be discussed is how to rebalance spending to fund the expected consumer shift to electric and autonomous cars.

Cost cuts of billions of euros are needed to pay for the plans and Audi and Porsche are said to be under particular pressure to provide savings.

The cost of the Dieselgate scandal has already led to claims of production changes as updates to some models have been delayed while engineers work on software fixes for cars affected by the Dieselgate scandal. Volkswagen has also reportedly quit the world rally championship in a bid to cut costs.

Also in News & Insights

UPDATE: News & Insights have moved to the Autovista Group website

March 31, 2017

Our regular automotive industry News & Insights are no longer being published on the Autovista Group Market Reports website.

Instead, you can now find the latest updates at our central Autovista Group website, home to our pan-European brands including Autovista, Eurotax, Glass's and Schwacke.

To stay up to date with rapidly changing market trends, we recommend signing up to our free Autovista Group Daily Brief which delivers our daily news stories directly to your inbox.

You can still find our in depth market reports here on the Autovista Group Market Reports site. Keep checking back as we have an exciting new report due to be launched shortly!

PSA to boost UK presence in the event of a ‘hard Brexit'

March 08, 2017

UK sales flat despite upcoming road tax hike, diesel demand plummets

March 08, 2017

UK new car registrations fell annually by 0.3% in February to 83,115 units according to the SMMT, driven down by weaker demand from individuals and companies. More noticeable, however, was the 9.2% drop in demand for diesels compared to February 2016, a steeper drop than the decline in Germany...