SEOUL, Aug. 5 (Korea Bizwire) – Sales of Volkswagen vehicles have dropped significantly after the German company’s falsified emissions data scandal, and the ramifications are reaching other imported carmakers as well. According to data compiled by the Korea Automobile Importers and Distributors Association (KAIDA), Volkswagen sold only 425 vehicles last month, which was a considerable drop [...]
NEW YORK, Oct. 22 (Korea Bizwire) — Labaton Sucharow LLP, AKD, and Breiteneder Rechtsanwälte Attorneys at Law announced today an opportunity to join the Stichting Volkswagen Investors Claim, a nonprofit organization established in the Netherlands to represent the interests of investors in Volkswagen Group (“VW”) securities following the automobile manufacturer’s admission of fraud in the [...]
SEOUL, Oct. 1 (Korea Bizwire) — German carmaker Volkswagen is expected to recall about 120,000 vehicles sold in South Korea in connection with a deepening diesel emissions scandal, market sources said Thursday. On Wednesday, Audi Volkswagen Korea, the local unit of the German carmaker, submitted its latest sales figures, detailed information about the so-called defeat [...]
SEOUL, Sept. 30 (Korea Bizwire) — Volkswagen’s diesel emission scandal is showing no signs of a letup, even whacking other automakers, but there is one bright point: electric vehicle (EV) battery makers. South Korean EV battery makers led by LG Chem Ltd. are poised to benefit from the diesel emission fiasco as demand for vehicles [...]