The head of Jaguar Land Rover’s operations in the U.S. said the automaker will stick with its plans to rollout diesel engines for its cars, including the Jaguar F-Pace next year.

Automotive News reported that CEO Joe Eberhardt said at a Detroit luncheon the automaker was “very confident” in the technology for its diesel cars.

“We are convinced of the benefits of diesels from a fuel economy and from an all-wheel drivability perspective, and that hasn’t changed,” Eberhardt said, according to Automotive News. Read More >

Volkswagen may issue preferred shares to help raise money to deal with its growing diesel scandal, Reuters reported.

The German automaker may cut costs and boost cash flow before resorting to offering parts of the company to outside investors. According to the report, VW may find some willing investors to help bail the company out of its dire straights thanks to its healthy balance sheet and assets. However, if no one is willing to take the bait, the company may resort to more extreme cash-raising strategies that include selling ordinary stock, or even perhaps selling off some of its brands.

Reuters reported that sources said Volkswagen wasn’t considering selling any of its brands now. Fiat Chrysler Automobiles spun off luxury carmaker Ferrari this year, in part, to raise capital for other investments at the global automaker.

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Volkswagen suspended hiring at its finance arm and cut a shift at its Salzgitter engine factory to prepare its business for fallout from the largest business crisis that company has faced.

According to Reuters (via Automotive News), senior officials at Volkswagen will review Thursday findings from an internal investigation into the scandal that the automaker installed illegal emissions “defeat devices” on 11 million cars. The finance division said it would implement a hiring freeze through the end of this year.

“We are reacting to the current situation. It is a purely precautionary measure,” a spokesman told Reuters. Read More >

German prosecutors on Thursday said they focused too quickly on former Volkswagen CEO Martin Winterkorn and removed a statement from earlier this week that they were investigating the former executive for the scandal that has engulfed the German carmaker.

In a statement by the Lower Saxony prosecutor’s office obtained by Automotive News Europe on Thursday, the office said there must be “concrete facts” before officially investigating Winterkorn. So far, no specific individuals have been named in the office’s investigation.

The stakes are high for whomever may be responsible for the 11 million cars that illegally cheated emissions tests. Volkswagen supervisory board member Olaf Lies told The Local in Germany that “those people who allowed this to happen, or who made the decision to install this software — they acted criminally. They must take personal responsibility.”

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Green Car Journal announced Wednesday that they would take back two awards given to vehicles that are now part of Volkswagen’s diesel emissions debacle. The 2009 Volkswagen Jetta TDI and 2010 Audi A3 TDI were bestowed Green Car of the Year awards by the publication.

“Rescinding the Green Car of the Year awards for the VW Jetta TDI and Audi A3 TDI is unfortunate but appropriate,” said Ron Cogan, editor and publisher of the Green Car Journal.

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The diesel versions of the Chevrolet Colorado/GMC Canyon will be the first to undergo increased scrutiny from the Environmental Protection Agency after the recent Volkswagen scandal turned emissions reporting on its head.

According to Automotive News, a spokesman for GM said the testing could slightly delay the truck’s fourth-quarter release.

“The EPA and CARB told us they are going to do on-road testing,” Chevrolet Trucks assistant chief engineer Scott Yackley told Automotive News.

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New Volkswagen CEO Matthias Müller told about 1,000 high-level managers Monday that the company had a “comprehensive” fix for its cars, and that the solution would be forthcoming.

“We are facing a long trudge and a lot of hard work,” Müller said, according to Reuters.”We will only be able to make progress in steps and there will be setbacks.”

Müller said the company would ask consumers “in the next few days” to bring their cars in to be refitted. It’s unclear if the recall program would be a software or ECU fix, or if it would include a selective catalytic reduction system (urea or AdBlue) to bring the diesel Volkswagens down to a legal emissions level. Read More >

A criminal complaint in Germany (that could have been filed by anyone) has prompted an investigation into whether former Volkswagen CEO Martin Winterkorn knew the automaker was selling cars with an illegal “defeat device” to fool emissions test, Reuters reported.

Several complaints have been filed with German prosecutors, including one from within Volkswagen, according to the Chicago Tribune.

Winterkorn’s investigation may take months — or even years — as German authorities look into how widespread cheating and lying was at the automaker.

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Audi said that 2.1 million of its cars worldwide have been fitted with illegal software to help it cheat emissions tests, Reuters reported.

The automaker announced that multiple models including the A1, A3, A4, A5, A6, TT, Q3 and Q5 were affected by the “defeat device” uncovered by researchers, which is grinding Volkswagen to an unimaginable halt.

Roughly three-quarters of the affected Audis were sold in Western Europe, including 577,000 in Germany alone, according to the report. Read More >

Tesla owners always enjoyed rapid recharging thanks to the automaker’s Supercharger network. Soon, this privilege will be extended to other EVs.

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While some declare Volkswagen dead in their betrayed hearts over the recent emissions scandal, others see an opportunity for a discount on a diesel.

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If, while watching your team crush it this weekend, you see few Volkswagen ads, you’re not alone; VW of America is reining in advertising for two weeks.

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While the EPA recently revealed Volkswagen’s diesels were cheating emissions tests, two newspapers learned VW was warned about cheating as early as 2007.

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Volkswagen’s pain parade marches on, this time to Switzerland, which has temporarily banned sales of the automaker’s diesels.

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Justin Hyde at Yahoo Autos has fine, fine reporting that U.S. taxpayers paid more than $20 million in incentives for Volkswagen diesel models under the “Cash for Clunkers” program.

According to the report, 4,599 VW Jetta and Jetta Sportwagen diesel cars qualified for the maximum $4,500 incentive under the program. Those cars were equipped with a 2-liter turbocharged diesel engine that the Environmental Protection Agency said used an illegal defeat device to cheat emissions.

The Yahoo report follows a report by the L.A. Times that shows that more than $51 million was paid to Volkswagen by the U.S. for now-bogus “green” claims. Read More >