As the world’s largest automaker, Volkswagen in some ways better resembles an army or a country than a mere corporation. Its flagship factory in Wolfsburg, Germany—a city built from scratch by the Nazis for the express purpose of manufacturing vast numbers of automobiles—spreads over an expanse the size of Monaco and produces more than 3,000 vehicles every day. It is electrified by not one but two Volkswagen coal plants. It is fed by a 3,400-person Volkswagen catering brigade and a sausage-making operation so comprehensive it sells to supermarkets. Here and at more than 100 other factories worldwide, the company’s 12 brands make 355 models in millions of color and trim combinations, employing more than 600,000 people who generate $284 billion in annual revenue.It’s hard to imagine that such a robust corporate edifice could ever be at risk of collapse, as it was less than three years ago, when Volkswagen AG was consumed by one of the largest scandals in automotive history. The revelation of a systematic effort to cheat on emissions tests—employees wrote software that made diesel cars appear cleaner than they were—brought the company to its knees, ended the career of its long-standing chief executive officer, and shattered a… Read full this story
- 'Drunk' driver who was arrested over fatal crash that killed New York graduate, 27, is released from custody without bond under new bail reform laws despite a lengthy criminal history
- Princess Diana’s driver breaks 20-year silence after fatal crash
- Officials: Man fleeing Livingston deputies after trying to run them over causes fatal crash in Baton Rouge
- Victim’s Boyfriend Arrested, Charged In Fatal Crash In Whitehall
- Fatal crash in which teens were allegedly forced off road may have begun with a prank
- Billionaire Bobby Patton walks away from horrific Dakar Rally crash
- Country star Randy Travis releases new music 6 years after near-fatal stroke
- Prince Harry Addresses Royal Exit: "We're Not Walking Away"
- Harry often told me he just wanted to walk away from it all: REBECCA ENGLISH has accompanied the Prince around the world for 15 years. Now she gives an insight into his generosity, warmth... and the day she saw his personality change
- Armed Assault; Fatal Crashes: Mill Valley, North Bay Police Log
How Volkswagen Walked Away From a Near-Fatal Crash have 361 words, post on www.bloomberg.com at March 28, 2018. This is cached page on Travel Breaking News. If you want remove this page, please contact us.