September 29, 2016 1:07 PM ET

Automobiles

Company Overview of Volkswagen Do Brasil Indústria De Veículos Automotores Ltda.

Company Overview

Volkswagen Do Brasil Indústria De Veículos Automotores Ltda. manufactures automobiles in Brazil. It also exports its products to the United States and Canada. The company was founded in 1953 and is based in Sao Paulo, Brazil. Volkswagen Do Brasil Indústria De Veículos Automotores Ltda. operates as a subsidiary of Volkswagen AG.

Rua Volkswagen

291 Parque

Jabaquara

Sao Paulo, SP 04344-010

Brazil

Founded in 1953

Phone:

55 11 5582 5122

Fax:

55 11 5582 5030

Key Executives for Volkswagen Do Brasil Indústria De Veículos Automotores Ltda.

President
Age: 54
Chairman of the Board of Management of Volkswagen AG
Age: 68
Vice President of Sales and Marketing
Compensation as of Fiscal Year 2016.

Volkswagen Do Brasil Indústria De Veículos Automotores Ltda. Key Developments

Brazil's Environmental Protection Agency Fines $13 Million to Volkswagen over Emissions Cheating Scheme and Orders Recall

The Brazilian government announced its environmental protection agency has fined Volkswagen $13 million over the German automaker's emissions cheating scheme. Brazil's Ibama environmental agency also is requiring Volkswagen to present a plan for recalling vehicles sold here that contain software that turns on pollution controls during government tests and turns them off while on the road. A statement from the government cites Volkswagen as saying just over 17,000 vehicles containing such software were sold in Brazil. The cars affected are diesel Amarok pickup trucks from 2011 and 2012. The government says the fine levied against Volkswagen is the maximum possible under Brazilian law. The company is recalling some 8.5 million cars with the software across Europe. It says about 11 million cars have the software, worldwide.

Volkswagen do Brasil Announces Management Changes, Effective January 1, 2015

Volkswagen do Brasil announced the appointment of David Powels as President and CEO of the company, effective from January 1, 2015. He will be succeeded by Thomas Schafer, currently Head of Group Overseas Manufacturing at Volkswagen in Wolfsburg.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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