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Articles by Christian Stampfer

Volkswagen, Bosch Agree to $1.55 Billion Dieselgate Settlement for 3.0-Liter Vehicles

Volkswagen, Bosch Agree to $1.55 Billion Dieselgate Settlement for 3.0-Liter Vehicles

MUNICH—Volkswagen said it had reached an agreement that will have it pay a minimum of $1.22 billion to fix or buy back some 78,000 vehicles with 3.0-liter diesel engines to settle claims that the cars were sold with illegal emissions-cheating software.
The automaker said it submitted a proposed class settlement with private plaintiffs as well as a proposed consent order submitted by the U.S. Federal Trade Commission.
In addition, Robert Bosch, which …

Austrian Hotel and Guests Held Ransom by Hackers

Austrian Hotel and Guests Held Ransom by Hackers

MUNICH—Guests at the Romantik Seehotel Jägerwirt in Turrach, Austria were unable to get into their rooms while hackers held the hotel hostage after taking control of its computer systems.
The attack happened at the start of the winter season in Nockberg, one of the best hiking and skiing regions in the region.
The hackers didn’t ask for much, just €1,500 ($1,610) in Bitcoin.
Several attacks followed but the hotel replaced its computer systems …

Berlin Brandenburg Airport Opening Delayed Yet Again

Berlin Brandenburg Airport Opening Delayed Yet Again

MUNICH—Much like an airport disaster film, the opening of Berlin Brandenburg Airport, which was originally supposed to take place in 2010, will once again be delayed.
The latest reason for the delay is the discovery of issues with the terminal’s 1,200 doors, which apparently won’t close properly in the event of a fire.
Construction of the new airport, located adjacent to Berlin Schönefeld Airport 11 miles (18 kilometers) south of the city …

VW to Pay $4.3 Billion in Dieselgate Criminal and Civil Settlement

VW to Pay $4.3 Billion in Dieselgate Criminal and Civil Settlement

DETROIT—Beleaguered German automaker Volkswagen said Wednesday it had reached a $4.3 billion settlement with the U.S. government over the Dieselgate scandal.
As part of the deal, the company will plead guilty to misconduct for deliberately selling diesel-powered cars that did not meet federal emissions regulations.
“Volkswagen deeply regrets the behavior that gave rise to the diesel crisis,” said Matthias Müller, the company’s CEO.
The company said that the resolution is comprised of four …

Report from Detroit – Highlights from the 2017 North American International Auto Show

DETROIT—The North American International Auto Show remains one of the most important auto shows in the automotive industry. However, over the past years the Consumer Electronics Show in Las Vegas has gained significant importance. The Detroit show is held at the Cobo Center in Detroit and starts with two press days on January 9 and 10, followed by two industry preview days and a charity day. On Saturday, January 14 …

Senior VW Exec Arrested in Miami over Dieselgate

Senior VW Exec Arrested in Miami over Dieselgate

DETROIT—A top Volkswagen executive was arrested Saturday evening as he prepared to board a flight from Miami to Germany, accused of deceiving federal regulators about the use of special software that cheated on emissions tests.
Oliver Schmidt, who as general manager of the engineering and environmental office for VW of America had served as the beleaguered automaker’s top emissions compliance executive in the United States, was charged with defrauding the government …

At CES 2017, Auto Industry Asks ‘How Are We Driving Tomorrow?’

DETROIT—Over the past years, the Consumer Electronics Show in Las Vegas has gained significant importance for the automotive industry, despite it being held immediately prior to the North American International Auto Show in Detroit. The question of “How are we driving tomorrow?” was the central focus of every car manufacturer at this year’s show.
For 2017, the automakers in attendance included BMW, Mercedes-Benz, Toyota, and Volkswagen. Additionally, new competitors in the …