'Practical World' True News Magazine by American Road Radio

'Practical World' True News Magazine by American Road Radio
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#Business : VW sales fall for first time in 11 years

German carmaker Volkswagen has posted its first drop in VW brand sales in 11 years as the company continues to cope with its emissions scandal.

Sales of VW brand cars fell 4.8% in 2015 to 5.82 million cars from 6.12 million a year earlier.
Falling demand in China and US added to the losses as orders fell in December.
VW has promised it will have a fix in the coming weeks for the millions of US cars with defeat devices that disguised emission levels in diesel cars.
Deliveries fell 7.9% in December.
Speaking on Wednesday, Volkswagen chief executive Herbert Diess said he was "optimistic" the company would find a solution soon.
"I'm optimistic that we will find a solution. We will bring a package together which satisfies our customers first and foremost and then also the regulators," said Mr Diess.
Regulators appear been less confident. The Environmental Protection Agency (EPA) which uncovered the scandal said on Monday that VW had not yet "not produced an acceptable way forward".
The company will meet US regulators in Washington next week to discuss its plan.

US charges

On Monday, the US Justice Department filed a lawsuit against VW for the use of the emissions devices, which involve computer software that can detect when cars are being tested.
The Connecticut Attorney General George Jepsen said on Friday that the company was not cooperating with the investigation.
Volkswagen has been withholding corporate emails between executive related to the emissions scandal, using German law as the basis for the refusal.
"I find it frustrating that, despite public statements professing cooperation and an expressed desire to resolve the various investigations that it faces following its calculated deception, Volkswagen is, in fact, resisting cooperation by citing German law," Mr Jepsen said in a statement.
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