eMatrixmile, Magenta to install QYK POD charging stations for EVs

A Memorandum of Understanding (MoU), has been signed between eMatrixmile India Pvt Ltd and Magenta EV Solutions Private Limited for installation and commissioning of 'QYK POD' charging stations with associated infra...

Luxury Ride expects 60pc revenues from online sales of pre-owned luxury cars

With social distancing the norm of the day during the prevailing covid-19 pandemic, Luxury Ride, a growing chain of pre-owned luxury cars, announced that it is expecting as much as 60% of all its revenues to come fr...

Tata Motors, Bridgestone, Hyundai, Okinawa, Nissan, JK Tyre reopen plants

In this latest round of resumption of plant operations and other activities, Indian auto companies in the news include Tata Motors, Honda Cars India, Bridgestone India, Toyota Kirloskar Motor, Hero MotoCorp, Hyundai...

BMW, Mercedes-Benz, TVS, Royal Enfield, VECV, others resume production

Indian auto companies that were forced to shut their plants in the wake of the lockdown that followed the precautions against covid-19 pandemic have now started their local production at their respective plants acro...

COVID-19 PANDEMIC: Indian auto industry puts best foot forward

In spite of the fact that the Indian auto industry will be incurring a loss of approximately Rs 50,000 crore in turnover for the 21-day plant shutdown as a result of the countrywide lockdown due to the ongoing coron...

NuGen Mobility Summit-2019 begins at Manesar on Nov 27

More than 200 automobile as well as auto components companies will display their products, while there would be live test demonstrations, training sessions, panel discussion and test track demonstrations of vehicles...

Gadkari leaves behind a belligerent tone and assures auto industry

For Union Minister Nitin Gadkari, it’s been a journey from taking on a confrontationist attitude to one of being benign and accommodating. At the 59th Annual Convention of the Society of Indian Automobile Manufactu...

FADA hosts 2nd Auto Retail Conclave

The Federation of Indian Automobile Dealer Associations (FADA) at its 2ndAuto Retail Conclave expounded the support of the Ministry of Road Transport, Government of India, in achieving transparency in vehicle regis...

Guardians to be jailed, fined for offences by juveniles driving vehicles

Very soon, traffic violations will invite huge penalties for motorists in India as the Motor Vehicles (Amendment) Bill, 2019 was passed by Rajya Sabha.

Steep hike in private ICE vehicle registration fees proposed

In order to boost the buying and use of electric vehicles in the personal passenger vehicle segment in future, the government is proposing a steep hike in the fees for issue and renewal of registration of private ve...

MoRTH draft notification for CMVR amendments to boost electric vehicles

The Ministry of Road Transport & Highways has issued a draft notification for amendments to the Central Motor Vehicles Rules for providing a boost to electric vehicles

Steelbird records 80pc growth in helmet sales following stricter govt norms for riders

With the government clamping down on makers of unbranded non ISI helmets and penalising those either not wearing helmets or wearing unbranded helmets, sale of branded helmets is now seeing an upward trend. Leading h...

KSL Cleantech plans to scale up electric vehicle business

Building on the success of its solar business, Kolkata-based KSL Cleantech Ltd. (formerly known as Kirti Solar Limited), one of the largest and most experienced solar photovoltaic companies in India, is gearing up t...

Cabinet approves Scheme for FAME India Phase II for e-mobility

The Union cabinet chaired by Prime Minister Narendra Modi approved the proposal for implementation of scheme titled 'Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)' fo...

Axalta opens its largest refinish training centre in India

Axalta, the world’s leader in automotive refinish coatings and a leading global supplier of liquid and powder coatings, opened its largest and most advanced Refinish Training Centre, spread over 20,000 square feet i...

SIAM hosts 13th edition of Styling and Design Conclave

The 13th SIAM Styling and Design Conclave and 11th Automotive Design Challenge organised by the Society of Indian Automobile Manufacturers (SIAM) based on the theme: ‘Shaping Tomorrow’s Mobility Business’ saw a myri...

Experts call for policy support to promote auto LPG use

At the Asia LPG Summit held in New Delhi, representatives from the industry discussed possibilities for the use of liquified natural gas (LPG) not only as a cooking fuel but also one that fuels automobiles. Several ...

Honda 2Wheelers kick-starts National Road Safety Week 2019

Strengthening its commitment for safer mobility, Honda Motorcycle & Scooter India Pvt. Ltd. kick started its National Road Safety Week 2019 (4th February to 10th February 2019) across India. Highlighting the theme S...

 SIAM rolls out ‘Road Safety Week’ campaign

Society of Indian Automobile Manufacturers (SIAM) kick-started the Road Safety Week campaign at Delhi’s India Gate. This year’s event on the theme “Sadak Suraksha – Jeevan Raksha” has been organised in association w...

Kia hands over vehicle fleet for Australian Open 2019; Ties up with Yes Bank in India

Kia Motors Corporation has supplied a fleet of vehicles for the Australian Open 2019, marking the 18th consecutive year of Kia’s role as the major sponsor for the Grand Slam of the Asia-Pacific. The official vehicl...

Rear seat belt usage among Indian car occupants is dismal, reveals Nissan-Save LIFE study

A new research report by Nissan India and Save LIFE Foundation brought attention to the startling number of Indians compromising their own but also their children’s safety. Released by Nitin Gadkari, Union Minister ...

Cero (Mahindra MSTC Recycling Pvt. Ltd.) is India’s first authorised recycler of vehicles

Cero (Mahindra MSTC Recycling Pvt. Ltd.) has become India’s first authorised recycler for motor vehicles, having received accreditation by the Delhi Government on December 21, 2018. Cero, a joint venture between Mah...

8th EV Expo 2018 concludes successfully with new launches

Electric vehicle manufacturers like Gonenka Electric Motors, Mahindra Electric, ETO Motors, Soni E-vehicle, Altius Technologies, Geekay E-Bicycles, HIM Technoforge, Thukral Electric Bikes, Champion Polyplast and o...

Icat releases certification with high security features

International Centre for Automotive Technology (ICAT) has launched a new ICAT certification with high security features. This is a first of its kind initiative taken by any automotive certification agency in India f...

Kia Motors India, AP Govt sign MoU to drive future eco mobility

Kia Motors India has signed a Memorandum of Understanding (MoU) with the state of Andhra Pradesh to collaborate on the ‘Partnership for Future Eco Mobility’, The partnership reinforces Kia’s commitment to support th...

MG Motor India partners with Cisco, UNLIMIT for connected mobility in vehicles

MG Motor India announced its partnership with leading connectivity management platform Cisco IoT and UNLIMIT - a specialist IoT services provider, to develop connected mobility enabled vehicles.

SUN Mobility and SmartE partner to transform EV adoption in the country

Sun Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), announced a partnership with SmartE, India’s largest electric vehicle fleet operator, to deploy its universal energ...

CNG infrastructure development will lead to massive cut in oil bills

Developing India’s CNG infrastructure could help achieve 50pc natural gas vehicles penetration by 2030 leading to crude oil import savings of Rs 11 lakh crore.

Bombay High Court clears sale of biodiesel as a transportation fuel

The Bombay High Court in a land mark ruling has relieved the restriction of MSHSD control order, 2005, for sale of biodiesel as a transportation fuel into internal combustion engines.

Twenty Two Motors and KYMCO join forces to make future of EVs better in India

Indian electric vehicle manufacturer Twenty Two Motors and KYMCO, a Taiwanese two wheeler manufacturer announced their partnership in India enabling them to share knowledge, technology and expertise to create premi...

Honda Motorcycle and Scooter India extends partnership with Shriram Automall India

Pioneering in pre-owned two-wheeler business with ‘Best Deal’ outlets, Honda Motorcycle & Scooter India Pvt. Ltd announced the extension of its partnership with Shriram Automall India Ltd, unit of Shriram Transport ...

Indian cars to have mandatory pedestrian safety features

Global New Car Assessment Programme (GNCAP) , a UK-based charity that conducts crash safety tests on cars across the world, which is hosting its first ever ‘Global NCAP World Congress’ in New Delhi, India in partner...

Mahindra Logistics introduces Electric Vehicles for employee commute in Kerala

Mahindra Logistics (MLL), one of India’s largest 3PL solution providers, has introduced Electric Vehicles (EV) to its fleet of employee transportation vehicles in Kerala. The vehicles are eVerito models of Mahindra ...

Need to create mobility eco-system in sync with nature: PM

In one of most inspiring speeches on mobility and the need to conserve nature, Prime Minister Narendra Modi said the need of the hour is to create a mobility eco-system that is in sync with nature. He said he was co...

Global Mobility Summit 2018: Hero Cycles wants better e-bicycle penetration

On the occasion of India’s first Global Mobility Summit, organised by the government’s think tank, the NITI Aayog at New Delhi, Pankaj M Munjal, Chairman, Hero Motor Company made an impassioned plea to policy makers...

SIAM urges government for long term policy roadmap

The Society of Indian Automobile Manufacturers (SIAM), an industry body representing India’s automobile sector, held its 58th Annual Convention titled “Building the Nation, Responsibly”. During the convention, th...

Greaves Cotton to acquire majority stake in electric vehicle company Ampere

Greaves Cotton, one of India’s leading diversified engineering companies, announced that they have entered into definitive agreements pursuant to which Greaves Cotton will acquire a majority stake in EV company Ampe...

Purpose-built electric vehicles for mobility on demand, says Roland Berger

The growing demand for ride-sharing services is giving rise to a new category of vehicles. These are cars with a flexible interior that can be individually tailored to the needs of their users. The potential for aut...

Slow takeoff for electric cars in India, says Bloomberg study

As dependence on conventional fossil fuels abates considerably all over the world in the coming years, electricity generated by wind, sun and batteries will define the way power is generated. The share of coal will ...

Mahindra signs MOUs with Maharashtra Govt. for EV manufacture and deployment

Mahindra & Mahindra Ltd has signed two Memoranda of Understanding (MoUs) with the Government of Maharashtra (GoM), to further its next phase of expansion in electric vehicles (EVs) and achieve its vision of becoming...

ICAT inaugurates new modern automotive test facilities

The International Centre for Automotive Technology ICAT) based in Manesar on the outskirts of Delhi inaugurated several new modern test facilities for vehicles on May 29, 2018. These were installed as a part of the...

Safe, clean, affordable, shared and smart mobility mooted

There is an urgent need in India for development of mobility that is safe, clean, affordable, shared and smart. And in order to achieve this, several steps need to be taken by the government and other stakeholders. ...

Shriram Transport Finance inks MoU with HPCL

Shriram Transport Finance Company Limited Ltd (STFC), has inked an MOU with Hindustan Petroleum Corporation LTD (HPCL) to offer credit based fuel filling services to its customers on digital platform.

Vishal Sharma is CEO, Schenker India–India & Indian Sub-continent

Schenker India Pvt. Ltd, part of DB Schenker, the transport and logistics division of the Deutsche Bahn Group, has appointed Vishal Sharma as the New Chief Executive Officer – India and the Indian sub-continent, wit...

Mahindra Electric, Meru join hands to deploy eVerito taxis in Hyderabad

On the occasion of Earth Day, Mahindra Electric, part of the Mahindra Group and Meru, the tech enabled cab services, announced a collaboration for a pilot EV project in Hyderabad with the intention to replicate the ...

Adient , Arvind form JV to manufacture and sell automotive fabrics in India

Michigan (US) based Adient, a global leader in automotive seating which produces and delivers automotive seating for all vehicle classes and all major OEMs has formed a joint venture with India’s Arvind Ltd, one of...

MG Motor India to invest Rs 5000 crore in six years time, says Chaba

MG Motor India will be investing a total of Rs 5000 crore in six years time in India and will be launching its first vehicle, a sports utility vehicle (SUV), in India in the first quarter of calendar 2019. The comp...

Faurecia, Clean Air Asia partner for clean air solutions in Asia

Faurecia, a global leader in areas of automotive seating, interior systems and clean mobility has partnered with Clean Air Asia to explore effective technology solutions to improve air quality and enhance industry a...

Okinawa organises e-vehicle awareness campaign

Okinawa Autotech, an electric two-wheeler manufacturing company, kick started its EV awareness drive aiming to sensitise the youth about the advantages of adopting EVs for their day-to-day commuting purpose. Okinawa...

India’s first BS VI compliant vehicle- Mercedes-Benz S 350 d

Luxury car brand Mercedes-Benz achieved a historic milestone in the Indian automotive industry, by being the first automobile brand in India to launch the first ever BS VI compliant vehicles, ‘Made in India, for I...

Maruti Suzuki to support Delhi Police in Traffic Safety Management System

Maruti Suzuki India Limited (MSIL) has joined hands with the Delhi Police to implement a Traffic Safety Management System (TSMS) in the national capital. The objective of TSMS is: • Reduction in accidents and fat...

Maruti passenger vehicles grow by 11pc in December 2017

Leading passenger car manufacturer Maruti Suzuki India Limited sold a total of 118560 units of passenger vehicles in the domestic market in December 2017, as compared to 106388 units in December 2016, thereby growin...

Govt to implement Methanol 15 pc blending with petrol, says Gadkari

India is shortly going to implement Methanol 15% blending programme with petrol and the cost of petrol is expected to come down immediately by 10% and M100 programme for buses and trucks is also to be implemented sh...

Finally, Delhi to get automated driving test centres, courtesy Maruti Suzuki

Leading car manufacturer Maruti Suzuki India Limited (MSIL) has entered into an agreement with the Government of NCT of Delhi to set up state-of-the-art Automated Driving Test Centres across 12 locations in the city...

Tata Motors delivers first batch of the Tigor Electric Vehicles to EESL

Tata Motors delivered the first set of Tigor Electric Vehicles (EVs) to state-run Energy Efficiency Services Limited (EESL) as part of their initiative to procure 10,000 electric vehicles. Guenter Butschek, CEO & MD...

Delphi Automotive, now named Aptiv,  completes spin-off of powertrain segment

Early December 2017, Delphi Automotive PLC completed the spin-off of its Powertrain segment into Delphi Technologies, a $4.5-billion independent entity. Meanwhile, Delphi Automotive, engaged in developing more conne...

Mahindra, Uber join hands to deploy electric vehicles

Mahindra, Uber join hands to deploy electric vehicles

BS -VI grade auto fuels rule kicks in Delhi NCT from April 1, 2018

Taking into account the serious pollution levels in Delhi and adjoining areas, Petroleum Ministry in consultation with Public Oil Marketing Companies (OMCs) has decided for advancing of BS-VI grade auto fuels in NCT...

REWIND: Gadkari speech, so full of contradictions

Not many realised that Union Transport Minister Nitin Gadkari who addressed the auto industry leaders at the 57th SIAM Annual Convention in New Delhi last month left the audience not in splits, but in an absolute st...

Gadkari makes the Indian auto industry the whipping boy

Suddenly the Indian auto industry is the whipping boy for the Government. Road Transport Minister Nitin Gadkari told a stunned gathering of leaders from the Indian auto industry that he would ensure that petrol and...

Auto industry leaders critical of intermittent regulatory uncertainties

Several auto industry leaders blasted the Indian government for intermittent regulatory uncertainties and urged the government to come out with clear and firm policy guidelines.

Govt increases cess on luxury  cars to 25% under new GST regime

The Union Cabinet chaired by Prime Minister Narendra Modi cleared an ordinance to increase the cess on mid-size, large cars, luxury cars and SUVs from current 15% to 25% under the new GST regime. The cabinet gave it...

Saitama City, Honda, Yamaha begin evaluating e-motorcycles

Saitama City in Japan, Honda Motor Co and Yamaha Motor Co will begin evaluation testing towards the expansion of the use of electric motorcycles. As part of Saitama City’s “E-Kizuna Project” measures to promote the ...

Lithium Urban Technologies target Delhi with its e-cabs

Delhi, one of the most polluted cities of the world, has a reason to breathe easy. Lithium Urban Technologies, India's first all electric solution to corporate needs has recognised Delhi as their newest market. Lith...

Experts welcome GST rates, but baffled on rates for hybrids, small cars

Beginning with the Society of Indian Automobile Manufacturers (SIAM), several experts and bodies have welcomed the Goods and Services Tax (GST) rates on automobiles in the country. The 14th Goods and Services Tax (G...

Cyrus Mistry praised; Tata Nano a loss making project, admits Tatas

The slugfest between the ousted Chairman of Tata Sons Cyrus Mistry and the Tata Group is appearing to go in favour of Mistry, with the latest developments vindicating him on several stands.

Joerg Mommertz is new Chairman & MD, MAN Trucks India

Joerg Mommertz has joined MAN Trucks India as Chairman & Managing Director with effect from October 1, 2016. He has around 36 years of diversified management experience.

Rear view sensors for cars will soon be mandatory

With an aim to reduce increasing risk to small children and pedestrians from reversing or rolling back motor vehicles , the government will soon make rear view sensors or backup camera’s mandatory on all new vehicl...

Mahindra and Ola enter into strategic alliance

Mahindra & Mahindra Ltd has signed an MOU with shared transportation platform, Ola to empower 40,000 driver partners across India by 2018. Through this strategic alliance, they aim overall vehicle sales and financin...

Shilip Kumar succeeds Jeremy Hunter as President - Henkel India

Henkel, a leading global player in adhesives, home care and beauty care, has appointed Shilip Kumar as the President of its India business. Besides, steering the Adhesives and Beauty care businesses of Henkel Adhesi...

56th SIAM Annual Convention debates ‘Building the Nation, Responsibly’

Based upon the theme of ‘Building the Nation, Responsibly’, the Society of Indian Automobile Manufacturers (SIAM) held its 56th Annual Convention. Union Minister of Heavy Industries and Public Enterprises Anant G Ge...

ACMA 56th Annual session focuses on ‘Winning with Quality and Innovation’

Automotive Component Manufacturers Association of India (ACMA), the apex body of the Auto Component Industry in India, hosted its 56thAnnual Session & National Conference in the Capital with a session that focussed ...

Punjab is first state to implement automated driver license test tracks

In an age defined by technology, India is also slowly yet surely progressing towards modernisation of its systems and governance. Punjab has been a witness to such a wave of progress after the state implemented the ...

 Volkswagen gets nod for modifying models with 1.2-litre EA189 TDI engine

As part of the ongoing exercises being undertaken to rectify the software glitches that Volkswagen had knowingly done to their diesel car engines, the Federal Motor Transport Authority (KBA) in Germany has approved ...

Automotive business thrives in South India: 2016

‘Kabali’, the blockbuster Tamil movie starring south Indian superstar Rajnikanth got off to a roaring start in July 2016 across cinema halls in India. While Rajnikanth is, without doubt, a showstopper and a star to ...

Mahindra Intertrade,  MSTC Ltd. JV agreement for auto shredding facility

Mahindra Intertrade Ltd., a part of the Mahindra Partners Division of Mahindra Group, and MSTC Ltd. (a Government of India enterprise) have signed a formal joint venture agreement to set-up India’s first-of-its-kind...

Cabinet approves Motor Vehicle (Amendment) Bill 2016

The important provisions include increase in compensation for Hit & Run cases from Rs. 25000 to Rs. 2 lakhs. It also has provision for payment of compensation upto Rs 10 lakh in road accidents fatalities.

Mahindra Partners’ fresh funding for US based Scoot Networks

Mahindra Partners, the $900 million private equity division of the Mahindra group, has announced that it has closed a new round of financing in Scoot Networks, an urban mobility solutions provider based in San Franc...

Another 1.1 million Volkswagen vehicles to undergo emission modifications

The Federal Motor Transport Authority (KBA) of Germany has given the go-ahead for the modification of around 1.1 million further vehicles of the Volkswagen Passenger Cars, Volkswagen Commercial Vehicles and Audi bra...

Suzuki fuel mileage scandal sees Osamu Suzuki stepping down

Taking responsibility for the improper road tests that Suzuki Motor Corporation (SMC) had conducted that led to discrepancies in the fuel mileage of Suzuki vehicles, the Board of Directors of SMC resolved in a meeti...

Volkswagen recalls 800,000 cars in Germany for rectifying emission glitches

Volkswagen has now recalled 800,000 cars in Germany for fixing the emissions glitch which it had in 2015 admitted to have resorted to in order to evade strict emission norms. Germany's Federal Motor Transport Author...

Post fire in Subros facility, Maruti Suzuki suspends production temporarily

Following a major fire on May 29, 2016 (Sunday) that gutted almost the entire facility of Subros in Manesar, supplies of components from the plant to Maruti Suzuki plant have been disrupted and as a result Maruti Su...

Mitsubishi Motors announces loss due to fuel economy test mess

Mitsubishi Motors Corporation (MMC) has had to pay for the wrong it had done on the fuel economy tests as it has recorded extraordinary loss in its consolidated and non-consolidated financial results for 2015 fiscal...

Suzuki Motors apologises but denies cheating; Heads roll in Mitsubishi

Japanese automaker Suzuki Motor Corp. apologised on Wednesday May 18, 2016 for improper road tests that the company had conducted, but denied reports of any cheating on mileage numbers. The Suzuki fuel mileage scand...

Mitsubishi Motors admits to fudging fuel test data for cars

Mitsubishi Motors Corporation (MMC) has admitted that with respect to the fuel consumption testing data submitted to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), Japan, the company has conduct...

Automotive industry grins and bears it, as usual

As has always been happening in the past, the Indian automotive industry has been left with no other choice, but to grin and bear it and pretend everything is hunky- dory. An additional 1 per cent tax will now be co...

SIAM organises 10th Styling & Design Conclave

The Society of Indian Automobile Manufacturers (SIAM) on February 5, 2016 organised the 10th Styling & Design Conclave. The 8th Automotive Design Challenge at Hotel Jaypee Greens Golf & Spa Resort, Greater Noida, De...

Govt decides to directly shift from BS-IV to BS-VI emission norms

The Government has decided to skip Bharat Stage (BS) V emission norms altogether and move on to BS VI emission norms from the current BS IV norms. The Ministry of Road Transport & Highways has decided to leapfrog fr...

GEM forays into electric 2-wheeler market at E.V. Expo 2015

Goenka Electric Motor Vehicles Pvt. Ltd (GEM) a leading player in e-rickshaws, has forayed into the 2-wheeler market. The company launched environment friendly electronic motor bike e-storm and e-champ at the EV Exp...

Lohia Auto displays e-rickshaws at EV Expo

Lohia Auto, a leading e-scooters, e-rickshaws and diesel three-wheelers manufacturing company, participated in the EV Expo 2015, the first ever electric vehicle show in India. The four-day EV Expo 2015 (December 24-...

OK Play launches iCAT approved ‘E-Raaja’

OK Play India has launched the E-Raaja, India’s 1st 100pc indigenously designed and developed green e-rickshaw at EV Expo. OK Play India Ltd, a BSE listed company, is a leader in the field of Roto-Moulding technolo...

Mahindra acquires a major style statement; To buy Pininfarina

Tech Mahindra Limited, a leading provider of IT, Networks and Engineering solutions and BPO services, and Mahindra & Mahindra have jointly entered into an agreement with Pincar S.r.l., to purchase a controlling stak...

VW Group audit confirms misconduct and shortcomings

Germany based Volkswagen Group has admitted that the software-influenced NOx emissions behaviour of its cars in the US and elsewhere was due the interaction of three factors: The misconduct and shortcomings of indi...

More than 1 million passenger vehicles recalled after July 2012, says Govt

Since July 2012 when a voluntary code on vehicle recall came into effect in India, more than 1 million vehicles have been recalled by various vehicle manufacturers across the country. The recalls include those from ...

Volvo creates awareness on developing sustainable eco system

In its ongoing efforts to create awareness on creating sustainable eco system, Volvo cars organised a panel discussion in the Capital to deliberate on the ills of air pollution and make recommendations for sustainab...

Indian Govt agency ARAI to issue notice to Volkswagen

On the one hand while Volkswagen is facing tremendous pressure coupled with major embarrassment on the global front because of the software fudging leading to tinkering with diesel engine emissions in their cars, on...

Volkswagen India will complete evaluation of affected cars by Nov end 2015

Even though unconfirmed reports have said that thousands of Volkswagen cars in India have been affected by the diesel emissions scam, Volkswagen Group India has stated that its representatives have met Government o...

German transport authority gives Volkswagen timetable for global recalls

The Federal Motor Transport Authority (KBA) has come out with a timetable for Volkswagen to recall cars affected by the emissions scam, a result of fraud manipulation by the German car major. The Volkswagen Group wi...

Volkswagen: Das Auto Scam

It’s the biggest scam to hit the global auto industry. No recall of a car, anywhere in the world, has ever had such a distasteful flavour of deceit and intrigue. Germany based Volkswagen has some of the best brands ...

VW scam will lead to enormous financial damages, says Muller of VW Group

Admitting that the recent emissions scam committed by the Volkswagen Group will lead to enormous financial damage which “it is still not possible to quantify as of today”, the new CEO of Volkswagen Aktiengesellschaf...




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