Volkswagen - Current Affairs Questions and Answers

ANSWER: Porsche Digital GmbH

Explanation:
Porsche AG, the sportswear unit of Volkswagen launchd Porsche Digital GmbH, a division dedicated to development of digital services for the premium segment. Porsche Digital GmbH will become a competence centre and incubator to find ideas which can be turned into business and services

• BMW invests in California based carpooling app Scoop
• Division will be based in Ludwigsburg near Stuttgart and have offices in Berlin, China and Silicon Valley
• It will be headed by former digital mobility analyst at consulting firm Gartner, Thilo Kozlowski

ANSWER: Hans Dieter Poetsch

Explanation:
Volkswagen has elected CFO Hans Dieter Poetsch as the chairman of its board of directors in the wake of the diesel emissions scandal. The announcement was made during the meeting at the company’s plant in Wolfsburg, Germany and he retained the backing of major shareholders who have the lion’s share of voting through a holding company. Frank Witter will replace him as CFO, a post he retained since 2003.

ANSWER: Martin Winterkorn

Explanation:
Volkswagen CEO Martin Winterkorn resigned on 23rd September 2015 taking responsibility for the German carmaker's rigging of U.S. emissions tests in the biggest scandal in its 78-year history. A 5 member committee has been questioning Winterkorn at company HQ in Wolfsburg, Germany about the scandal prior to his resignation. Shares fell by more than 30% after news broke. U.S. authorities are planning criminal investigations after discovering that VW programmed computers in its cars to detect when they were being tested and alter the running of their diesel engines to conceal their correct emissions rate. The U.S. Environmental Protection Agency (EPA) said on Friday Volkswagen could face penalties of up to $18 billion for cheating emissions tests on some of its diesel cars. Diesel engines constitute less than 3% of new cars in US, and around half of the cars in EU. Though associated with low GHG emissions, they are said to emit high levels of poisonous gas nitrogen dioxide.

ANSWER: Volkswagen

Explanation:
Volkswagen has indicated it will set aside 6.5 billion euros for covering diesel emissions scandal cost and winning back trust of customers. Close to 11 million cars may be impacted by the admission of VW that it has falsified reports of diesel emissions. Company is recalling half a million cars in the United States.It also faces USD 18 billion in fines for pollution in the US.

ANSWER: Volkswagen

Explanation:
Volkswagen surpassed Toyota as the world's largest automaker in the first half of 2015, fulfilling a long-held goal, but the achievement came at a cost. Volkswagen sold 5.04 million vehicles in the first six months of the year, edging Toyota's 5.02 million.