VW’s Year on the Edge and How the Carmaker Is Clawing Back

  • A crisis can be a ‘turning point,’ CEO Mueller told staff
  • Profitability bounced back as Volkswagen outsold Toyota

An employee stands on the top of a tower at the Volkswagen AG automobile factory in Wolfsburg, Germany, on April 22.

Photographer: Krisztian Bocsi/Bloomberg

A year ago, Volkswagen AG plunged into the worst crisis in its history after revelations it flouted environmental regulations by rigging millions of diesel cars to cheat on emissions tests.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.