video Finance Videos
Rougher ride on VW's road to recovery
Friday, March 11, 2016 - 01:19
Volkswagen brand passenger car global sales fell nearly 5 percent in February - with a sharp 13 per cent drop in the United States - as it continues to suffer the fallout from its emissions scandal. As David Pollard reports, the carmaker is also reportedly planning to shed thousands of office jobs at its Wolfsburg HQ.
▲ Hide Transcript
▶ View Transcript
It's a long and bumpy road to recovery. But one easier to travel, perhaps, with fewer passengers on board. It's been a week of negative news for VW - including reports it could be shedding 3,000 office jobs at its HQ in Germany. Those reports coming just days after top union chiefs warned that US fines will mean redundancies. The U.S. Justice department is suing for up to $46 billion over the dieselgate scandal. There's still no fix for nearly 700,000 cars affected there. (SOUNDBITE) (English) JANE FOLEY, SENIOR FX STRATEGIST, RABOBANK, SAYING: "Clearly, it's still impacting the VW brand, jobs at that factory right now. A lot of the cars that delivered up to a few months ago were orders placed before the scandal broke. So in the next few months we'll get a fuller understanding of the impact on the company itself." But there's little cheer either for the carmaker in its latest figures. Its own brand passenger car sales fell 4.7 percent in February - that compares to a rise of nearly 8 per cent for BMW. VW sales in Europe were actually up - but elsewhere they suffered - with US sales down 13 percent. Those numbers coming a little over a day after VW revealed its US chief, Michael Horn, was stepping down with immediate effect.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Rougher ride on VW's road to recovery
Friday, March 11, 2016 - 01:19
Top News »
Sat, 16 Feb, 2019 - (1:19)
Sat, 16 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (0:55)
Sat, 16 Feb, 2019 - (1:09)
Fri, 15 Feb, 2019 - (1:03)
Fri, 15 Feb, 2019 - (1:45)
Fri, 15 Feb, 2019 - (1:59)
Fri, 15 Feb, 2019 - (0:59)
Fri, 15 Feb, 2019 - (1:56)
Thu, 14 Feb, 2019 - (1:43)
Thu, 14 Feb, 2019 - (0:59)
Editors' Picks »
Fri, 15 Feb, 2019 - (1:55)
Thu, 14 Feb, 2019 - (2:50)
Thu, 14 Feb, 2019 - (2:00)
Thu, 14 Feb, 2019 - (1:24)
Thu, 14 Feb, 2019 - (1:58)
Thu, 14 Feb, 2019 - (1:15)
Wed, 13 Feb, 2019 - (1:40)
Wed, 13 Feb, 2019 - (1:40)
Tue, 12 Feb, 2019 - (1:48)
Tue, 12 Feb, 2019 - (1:38)
Business »
Fri, 15 Feb, 2019 - (2:04)
Fri, 15 Feb, 2019 - (1:06)
Fri, 15 Feb, 2019 - (1:52)
Fri, 15 Feb, 2019 - (6:42)
Fri, 15 Feb, 2019 - (1:56)
Fri, 15 Feb, 2019 - (1:56)
Fri, 15 Feb, 2019 - (1:43)
Fri, 15 Feb, 2019 - (1:48)
Fri, 15 Feb, 2019 - (4:04)
Fri, 15 Feb, 2019 - (1:40)
Fri, 15 Feb, 2019 - (1:48)
Fri, 15 Feb, 2019 - (1:40)
Featured Videos
Living dangerously, one foot at a time, in 'Free Solo'
Climber Alex Honnold's death-defying ascent of El Capitan in California's Yosemite National Park is taking him to the Oscars, where a film about his feat will compete for the movie world's highest honour
The elusive black panther is spotted in Kenya
Images of a rare African black leopard - known as panthers - have been captured in Kenya, the first verifiable record of the animal for nearly 100 years
Meghan being harassed just like Diana - George Clooney
The media are harassing Meghan Markle just as they did Princess Diana, who was killed in a car crash while being pursued by paparazzi, her friend George Clooney says
Palm oil's PR battle turns to satellite imagery
Companies including Nestle, Unilever, and Ferrero are increasing the use of satellite imagery programs to monitor their palm oil supply chains. Critics say it may boost a corporation's green credentials, but does little to stop mass deforestation
VR app brings South Africa's fossils to your phone
Excavation sites at the famous Cradle of Humankind can now be explored by visitors using a free mobile virtual reality app
Technology »
Fri, 15 Feb, 2019 - (1:20)
Fri, 15 Feb, 2019 - (1:13)
Tue, 12 Feb, 2019 - (1:22)
Tue, 12 Feb, 2019 - (1:39)
Mon, 11 Feb, 2019 - (1:32)
Fri, 08 Feb, 2019 - (2:05)
Thu, 07 Feb, 2019 - (1:38)
Wed, 06 Feb, 2019 - (1:27)
Tue, 05 Feb, 2019 - (1:37)
Tue, 05 Feb, 2019 - (1:43)
Entertainment »
3:56am GMT - (0:45)
Sat, 16 Feb, 2019 - (1:02)
Sat, 16 Feb, 2019 - (0:56)
Sat, 16 Feb, 2019 - (1:05)
Sat, 16 Feb, 2019 - (1:12)
Fri, 15 Feb, 2019 - (1:24)
Fri, 15 Feb, 2019 - (2:20)
Fri, 15 Feb, 2019 - (2:04)
Fri, 15 Feb, 2019 - (2:00)
Thu, 14 Feb, 2019 - (0:42)
Thu, 14 Feb, 2019 - (2:19)
Thu, 14 Feb, 2019 - (1:23)
Sports And Leisure »
Thu, 14 Feb, 2019 - (1:27)
Thu, 14 Feb, 2019 - (0:45)
Thu, 14 Feb, 2019 - (1:01)
Wed, 13 Feb, 2019 - (1:32)
Wed, 13 Feb, 2019 - (1:00)
Wed, 13 Feb, 2019 - (0:50)
Tue, 12 Feb, 2019 - (1:19)
Mon, 11 Feb, 2019 - (1:25)
Mon, 11 Feb, 2019 - (1:20)
Mon, 11 Feb, 2019 - (0:43)
Oddly Enough »
Fri, 15 Feb, 2019 - (0:42)
Fri, 15 Feb, 2019 - (1:36)
Thu, 14 Feb, 2019 - (1:01)
Thu, 14 Feb, 2019 - (0:59)
Thu, 14 Feb, 2019 - (1:34)
Thu, 14 Feb, 2019 - (1:26)
Wed, 13 Feb, 2019 - (0:49)
Tue, 12 Feb, 2019 - (0:40)
Mon, 11 Feb, 2019 - (2:19)