Amsoil's European Formula 5W50 was never VW505.01 approved. I have email Amsoil about the VW505.01 spec and this is the email I received:
<font color="blue">Thank you for contacting AMSOIL with your concerns.
In response to your inquiry, AMSOIL is currently evaluating both the Castrol 505.01 and Motul 505.01 motor oils to determine of the AMSOIL 5W-40 Synthetic European Oil meets or exceeds this specification. This process will take a little time as several tests and review of the oil's physical characteristics need to be verified in the laboratory. As soon as AMSOIL has completely reviewed this data and made a decision over this matter, our department will contact you.
Thank you again for the opportunity to respond to your concerns. As always, please feel free to contact us again if we can be of further assistance.</font>
I've been using Amsoil since my first new 1990 GT Mustang and have been doing 1 year oil changes since then.
...Angelo