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. 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 [...]
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 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 25 (Korea Bizwire) – South Korea’s government held a hearing on German carmaker Volkswagen’s emissions scandal Monday before finalizing a decision that can revoke the certifications of dozens of its vehicle models implicated in the scandal. The Ministry of Environment conducted the hearing at the National Institute of Environmental Research (NIER) in Incheon, [...]
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 [...]
SEOUL, July 13 (Korea Bizwire) – Following its shocking emissions scandal, Volkswagen may have settled matters with the U.S., but it still has a long way to go in South Korea. An official investigation into Volkswagen’s manipulation of emissions data is ongoing, and Korea is likely to ban the sale of 32 Volkswagen models by [...]
SEOUL, July 11 (Korea Bizwire) – The Volkswagen scandal has withered the general reputation of German automakers in Korea. Nonetheless, domestic demand for imported vehicles continues to rise. Surprisingly, Volkswagen’s Tiguan 2.0 TDI BlueMotion claimed the number one spot as the best-selling foreign car according to the KAIDA (Korea Automobile Importers and Distributions Association). The [...]