SEOUL, Sept. 21 (Korea Bizwire) – A senior official at the headquarters of German carmaker Volkswagen appeared before Seoul prosecutors on Wednesday to undergo questioning over its emissions scandal. The Seoul Central District Prosecutors’ Office called in the executive in charge of the automaker’s certification process to gain insight during the probe into its South [...]
SEOUL, Sept. 20 (Korea Bizwire) – Barun Law, a law firm representing Volkswagen owners in lawsuits against the automaker, is planning to file a constitutional complaint Tuesday against the Ministry of Environment for not issuing a replacement order for the vehicles affected by the scandal. A constitutional complaint, or a constitutional petition, is part of [...]
SEOUL, Sept. 6 (Korea Bizwire) – It’s not the best of times for overseas automakers in Korea. With the government banning the sale of 80 Audi-Volkswagen vehicle models following the company’s emissions scandal, and a special consumption tax policy (lowered tax on vehicle purchases) finally coming to an end, sales of imported vehicles saw a [...]
SEOUL, Aug. 16 (Korea Bizwire) – State prosecutors said Tuesday the managing director of Volkswagen Korea will be summoned later this week to be questioned over allegations the German automaker fabricated emissions results here. The Seoul Central District Prosecutors’ Office said it will summon Volkswagen Korea Managing Director Thomas Kuehl on Thursday to gain reference [...]
SEOUL, Aug. 4 (Korea Bizwire) – Sales of imported vehicles in South Korea dropped sharply from a year earlier in July due partly to a large cut in sales of Volkswagen and Audi cars mired in the fake emissions scandal, industry data showed Thursday. According to the data compiled by the Korea Automobile Importers and [...]
SEOUL, Aug. 2 (Korea Bizwire) – South Korea’s government on Tuesday banned sales and revoked the certifications of 80 vehicle models of Audi Volkswagen Korea, which has been suspected of obtaining permission to sell cars here by fabricating reports. Under the administrative measure, the Ministry of Environment separately slapped the German automaker with fines of [...]
SEOUL, July 29 (Korea Bizwire) – Sales of imported ‘company vehicles’ in Korea rapidly declined in H1 2016 compared to the same period in 2015, thanks to a recent revision to tax laws that took away some of the benefits of purchasing vehicles under a company name starting in 2016. Prior to the amendment, there [...]
SEOUL, July 26 (Korea Bizwire) – Imports of vehicles produced in Germany or by German automakers dropped for the first time in 13 years, apparently due to a large cut in inbound shipments of Volkswagen and Audi cars mired in an emissions scandal, industry data showed Tuesday. In the first five months of the year, [...]
SEOUL, July 22 (Korea Bizwire) – German carmaker Volkswagen has decided to voluntarily suspend sales of its vehicle models implicated in an emissions scandal in South Korea, market sources said Friday. In a recent letter to local dealers, Audi Volkswagen Korea, the South Korean unit of the German carmaker, said it will stop delivering 79 [...]
SEOUL, July 15 (Korea Bizwire) – With 32 Volkswagen models likely to have their government certification revoked at the end of July, consumers have been growing anxious with speculation spreading that the company might pull out of the Korean market. Resale values of the models in question have plummeted, and used car transactions have ground [...]