Volkswagen

Porsche admits to 15 years of cheating & fraud in the US

A U.S. judge on Wednesday granted final approval to a class-action settlement worth at least $80 million to resolve claims VW Group and its Porsche unit skewed emission and fuel economy data on 500,000 Porsche vehicles in the United States. Porsche is the largest IPO ever carried out in Europe in terms of a market …

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China leapfrogs Germany as world’s 2nd largest car exporter

In September 2022, China exported 301,000 vehicles, a year-on-year increase of 73.9%, according to the China Association of Automobile Manufacturers (CAAM). In the first three quarters of 2022, China exported a total of 2.117 million vehicles. In terms of export value, the United States, Mexico, Japan, Belgium, Britain, Russia, Germany, South Korea, Australia, and Saudi …

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