VW

Volkswagen is recalling nearly 225,000 vehicles in the U.S. because the tire pressure monitoring systems may not detect air losses in all four tires at the same time.

Germany wants to massively expand the country’s charging network for electric cars.

The company’s false statement was distributed again Tuesday, saying the brand-name change reflected a shift to more battery-electric vehicles. AdThe company’s fake news release, leaked on Monday and then repeated in a mass e-mail to reporters Tuesday, resulted in articles about the name change in multiple media outlets, including The Associated Press. In falsely announcing a name change, the company went beyond telling reporters that its news release was legitimate. The fake release could land Volkswagen in trouble with U.S. securities regulators because its stock price rose nearly 5% on Tuesday, the day the bogus statement was officially issued. It was updated on March 30, 2019, to correct Volkswagen' of America's false statement that it would change its name to Voltswagen of America.

(AP Photo/Jens Meyer, file)FRANKFURT – Volkswagen said Friday it made better than expected profit of 8.8 billion euros ($10.7 billion) after tax in 2020 despite the pandemic. 2 automaker said the rapid recovery of China, its largest single market, and resilient sales of luxury vehicles helped the bottom line. Manufacturing companies like Germany's three big carmakers — Volkswagen, BMW and Daimler — have seen their sales and earnings hold up better than those for services, tourism and air travel companies. It tripled its sales of electric vehicles to 422,000 ahead of stricter European Union limits on emissions of carbon dioxide, the primary greenhouse gas blamed for global warming. The company's brands include luxury carmakers Audi and Porsche, where profits per vehicle are higher than for more basic transportation.

Rupert Stadler, former CEO of German car manufacturer Audi, arrives at a district court in Munich, Germany, Wednesday, Sept. 30, 2020. Stadler stands trial in Germany over the "dieselgate" emissions scandal, five years after parent company VW admitted responsibility. (AP Photo/Matthias Schrader)FRANKFURT – The former head of Volkswagen's Audi luxury car division and three others went on trial Wednesday on charges related to the company's cheating on diesel car emissions tests. Former development executive Wolfgang Hatz and two other engineers are charged with developing 3.0 liter diesel engines for Audi, Volkswagen and Porsche that used the illegal software. The case involves 250,700 Audi vehicles, 71,600 Volkswagen vehicles, and 112,100 Porsche vehicles mostly sold on the U.S. and European markets.