“The model involved in the emissions scandal is the Jetta (referred to as Sagitar in China)”

Volkswagen Group admitted in 2015 that it installed “defeat devices” and sophisticated software in nearly 11 million vehicles worldwide to cheat emissions tests, and has since paid more than $20 billion in fines, penalties and settlements. gold. The SEC filed a civil lawsuit in March 2019 accusing Volkswagen, two subsidiaries and Winterkorn of defrauding investors. As part of a $4.3 billion settlement with the U.S. Department of Justice, Volkswagen admitted violations in the United States and offered to buy back about 500,000 vehicles in the United States that did not meet emissions standards.

The settlement agreement reached by the SEC and Volkswagen Group U.S. Finance Company submitted on March 15 was the last major legal action in the United States related to the Volkswagen diesel emissions scandal, which means that the case has finally settled. The settlement is currently awaiting approval from a U.S. judge in San Francisco. Volkswagen’s financial department neither admitted nor denied the SEC’s allegations. After the settlement, the SEC will drop its lawsuit against Volkswagen and Winterkorn.

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“After the optimism of the first weeks of the year, the production situation has deteriorated again.”

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In fact, Volkswagen was often affected by short-term chips last year, involving models such as Jetta, Taos and Tiguan, but it has gradually improved since July last year.

Volkswagen said at the time that although the industry generally expects that the supply of automotive chips will be greatly improved in the second half of the year, it cannot rule out the possibility of further adjustments to production in the future.

Since most of the automotive chips do not require advanced manufacturing processes, most of the current fab production capacity is occupied by advanced manufacturing processes. Therefore, since the beginning of 2022, there has been a global shortage of automotive chips, which has affected Volkswagen, GM, Ford, and Toyota. , Stellantis, Hyundai and many other automakers.

As for the domestic production capacity, SAIC Volkswagen previously stated that it will optimize the production scheduling plan according to market demand, and “prioritize the production capacity of products with large market demand”.

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