Volkswagen Group

Volkswagen Managers Are Being Investigated for Giving Excessively High Salaries to Certain Employees

German prosecutors say they have charged four current and former personnel managers at Volkswagen executives of providing excessive salaries and bonuses to several members of the employee council.

The action benefited five council members, which cost the car giant about $ 5.1 million in overpayments, prosecutors said.

Volkswagen Is not Looking for a New Place to Build its Plant

Volkswagen is not looking for an alternative site to build a new plant after deciding to freeze its project in Turkey. This was stated by a representative of the company to German media.

"We are watching developments very closely. Our plans for Turkey are currently on hold," Leslie Bothge told Anadolu Agency.

Germany: Bulgaria Makes an Exclusive offer to Volkswagen

Bulgaria is ready to double the subsidies it offers in order to secure the contract for the new Volkswagen plant, the German daily Frankfurter Allgemeine Zeitung writes in an exclusive material. "We have found a way to offer the Volkswagen Group 250 to 260 million euros instead of 135 million euros," former head of state Rosen Plevneliev told F.A.Z.