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VW CEO says carmaker faces same fate as Nokia without urgent reforms

VW CEO says carmaker faces same fate as Nokia without urgent reforms

FRANKFURT (Reuters) - Volkswagen ( VOWG_p.DE ) needs to accelerate the overhaul of its business to avoid becoming another Nokia ( NOKIA.HE ), which lost its dominance in the handset market to Apple ( AAPL.O ), the German carmaker’s chief executive said. The multi-brand car and truck maker wants to raise its market value to 200 billion euros ($223.10

Volkswagen CEO says carmaker faces same fate as Nokia without urgent reforms

Volkswagen CEO says carmaker faces same fate as Nokia without urgent reforms

FRANKFURT (Reuters) - Volkswagen ( VOWG_p.DE ) Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia ( NOKIA.HE ), which lost its dominance in the handset market to Apple ( AAPL.O ). “The big questions is: are we fast enough?,” Diess told VW’s senior managers following a global

Polish watchdog fines Volkswagen over 'dieselgate' scandal

Polish watchdog fines Volkswagen over 'dieselgate' scandal

WARSAW (Reuters) - Poland’s consumer watchdog UOKiK said on Wednesday it was fining Volkswagen more than 120 million zlotys ($31.6 million) for misleading customers about the emissions of its vehicles. The fine, the biggest ever given by the regulator, is the latest chapter in a global emissions cheating scandal that has cost Volkswagen about 30 billion