Thu, Jan 12, 2017 - Page 10 News List

VW AG confirms US$4.3bn draft settlement in US

Reuters, DETROIT, Michigan, and BERLIN

Much of the company’s senior management departed following the scandal, including former chief executive Martin Winterkorn.

VW on Tuesday said it had record sales last year of 10.3 million vehicles, including a 12 percent increase last month. That figure should put VW ahead of Japanese rival Toyota Motor as the world’s largest car producer by volume for the year.

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