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VW GTI Clubsport Concept celebrates model's 40th birthday with 261 hp

Volkswagen is celebrating the four-decade milestone for the GTI with the world debut of the GTI Clubsport concept at the annual Worthersee festival in Austria. While the version in these sketches is just a prototype, European buyers at least are set to get a production model in early 2016. The Clubsport is essentially a way for VW to split the difference between the already well-liked GTI and the hotter Golf R. In concept form, it packs 261 horsepower, compared to 220 hp from the standard version in the US with the Performance Package or 292 hp from the R. A temporary overboost function even lets the Clubsport make about 10 percent more power for short periods. Beyond just the mechanical upgrades, the concept in these sketches also wears a revised lower air dam at the front with a mesh grille and big strakes at the corners, and there's a new roof spoiler and rear diffuser at the back. VW also promises a more "individualized" interior. Unfortunately, the North America might not be getting this more powerful GTI. "There are no plans to bring the car to the US currently," VW spokesperson Mark Gillies told Autoblog. At this time, VW only has info about the Clubsport in German, which you can take a look at below. Related Video: Weltpremiere des Golf GTI Clubsport am Worthersee Exklusives Jubilaumsmodell zum 40. Geburtstag des GTI Golf GTI Clubsport debutiert mit 265 PS und Boost-Funktion Im kommenden Jahr feiert der Golf GTI seinen 40. Geburtstag. Volkswagen wird dieses historische Ereignis mit einem progressiven Jubilaumsmodell adeln: dem neuen Golf GTI Clubsport. In Form einer seriennahen Studie wird Volkswagen den Golf GTI Clubsport bereits am 14. Mai 2015 als Weltpremiere im Rahmen des legendaren GTI-Treffens am Worthersee prasentieren. Mit einer Leistung von 195 kW / 265 PS (plus 35 PS gegenuber dem Golf GTI Performance*) sowie einer temporar dank Boost-Funktion nochmals um rund 10 Prozent hoheren Spitzenleistung soll der Golf GTI Clubsport Anfang 2016 als der bis dato starkste jemals in Serie gebaute „GTI" durchstarten. Das Jubilaumsmodell wird nicht nur mit einem extrem leistungsstarken Motor, sondern mit einem individualisierten Interieur und exklusiven Karosseriedetails auf den Markt kommen. Zu den Design-Modifikationen gehoren ein komplett neuer Frontstoss-fanger, neue Seitenschweller, ein ebenfalls neuer und aerodynamisch hoch innovativer Dachkantenspoiler sowie ein eigens entwickelter Heckdiffusor.

VW stock delisted from Dow Jones Sustainability Index

Because of the company's years-long diesel emissions evasions, Volkswagen AG is being removed from the Dow Jones Sustainability Indices effective October 6, according to a joint statement by S&P Dow Jones Indices LLC and RobecoSAM. After looking at reports of the automaker's cheating software, the DJSI has decided that the company shouldn't be part of the index anymore. According to The Detroit News, the DJSI is meant to track the top 10 percent of companies that are considered leaders environmentally and socially in each industry among the 2,500 largest companies in the S&P Global Broad Market Index. This de-listing means that VW is no longer considered an industry leader by this group for its economic, environmental and social performance. As of this writing, VW AG's stock price sits at 97.75 euros ($109.14), and the figure has been largely in freefall since the emissions evasions reports first surfaced. It was considered shocking on September 21 when the shares plunged almost 18 percent to end the day at 132.15 euros ($147.57). According to The Detroit News, the automaker has lost about $30.8 billion in value since the EPA put out its notice of violation on September 18. Related Video:   Volkswagen AG to be Removed from the Dow Jones Sustainability Indices New York and Zurich, September 29, 2015 Effective October 6, 2015, Volkswagen AG (VW) will be removed from the Dow Jones Sustainability Indices (DJSI). A review of VW's standing in the DJSI was prompted by the recent revelations of manipulated emissions tests. Per the published and publicly available methodology for the DJSI, potential problematic issues relating to any DJSI component company automatically trigger a Media & Stakeholder Analysis (MSA), which examines the extent of the respective company's involvement and how it manages the issue. Following the MSA, the Dow Jones Sustainability Index Committee (DJSIC) reviews the issue and decides whether the company will remain in the index, based on DJSI Guidelines. In VW's case, the DJSIC reviewed the situation and ultimately decided to remove the Company from the DJSI World, the DJSI Europe, and all other DJSI indices. The stock will be removed after the close of trading in Frankfurt on October 5, 2015, thus making the removal effective on October 6, 2015. As a result, VW will no longer be identified as an Industry Group Leader in the "Automobiles & Components" industry group.

Volkswagen forced to sell stake in Suzuki

The six-year-long failed marriage between Volkswagen and Suzuki has finally come to an end. Almost. An arbitration panel in London issued its final verdict which, according to a VW press release, cleared Suzuki in terminating the agreement, so VW now needs to get rid of its 19.9-percent share. However, the tribunal's decision said VW performed all of its obligations and Suzuki didn't – the Japanese carmaker should have given VW last-call rights for a delivery of diesel engines, but failed to. The breach opens Suzuki up to damage claim, but so far VW only says it reserves the right to sue. Now that Suzuki has an outside investor to provide funds it meant to get from VW, perhaps both can get back to their reasons for being. The press release is below. Ruling in arbitration proceedings: Cooperation between Volkswagen and Suzuki deemed terminated - Arbitral tribunal confirms Volkswagen met contractual obligations and finds that Suzuki has ordinary right to terminate agreement based on reasonable notice - Volkswagen to dispose of its 19.9 percent stake in Suzuki and expects positive effect on Company's earnings and liquidity from transaction - Arbitrators also find that Suzuki breached its contractual obligations to Volkswagen under the agreement and that Volkswagen has right to claim damages Wolfsburg, 30 August 2015 - An arbitral tribunal in London has announced its ruling in the dispute between Suzuki Motor Corporation and Volkswagen Aktiengesellschaft. As a result, cooperation between the two parties is deemed terminated. The arbitrators confirmed that Volkswagen met its contractual obligations under the cooperation agreement and found that Suzuki has terminated the agreement upon reasonable notice. Volkswagen will therefore now dispose of its 19.9 percent stake in Suzuki and expects a positive effect on the Company's earnings and liquidity from the transaction. The arbitral tribunal also confirmed that Suzuki breached its contractual obligations to Volkswagen under the agreement and that Volkswagen has the right to claim damages. "We welcome the clarity created by this ruling. The tribunal rejected Suzuki's claims of breach and found that Volkswagen met its contractual obligations under the cooperation agreement. Nevertheless, the arbitrators found that termination of the cooperation agreement by Suzuki on reasonable notice was valid, and that Volkswagen must dispose of the shares purchased.