Judge questions SEC on delay in filing Volkswagen civil suit

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A federal judge on Friday asked the U.S. Securities and Exchange Commission on the timing of its civil suit submitted in March alleging Volkswagen AG of defrauding investors and demanded the agency describe its rationale. Volkswagen was caught using illegal software to evade U.S. pollution tests in 2015, causing a global backlash against diesel vehicles […]

U.S. regulators approve fix for 38,000 Volkswagen 3.0-liter diesel SUVs

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U.S. and California regulators have approved a repair for about 38,000 Volkswagen 3.0-liter vehicles with possible excess emissions, a decision that could save the car manufacturer over $1 billion, as per a letter revealed on Monday. The approval indicates the automaker will not need to buy back luxury 2013-2016 model-year diesel Porsche Cayenne, Volkswagen Touareg […]

Statement on Court Granting Final Approval of Volkswagen, Audi, Porsche 3.0 Liter emissions and Bosch Settlements

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Elizabeth Cabraser, lead counsel for the consumer plaintiffs in the Volkswagen “Clean Diesel” Marketing, Sales Practices, and Products Liability Litigation, released the following statement concerning the Court granting final approval of the Volkswagen, Audi and Porsche 3.0-Liter Emissions Settlement and the related Bosch settlement. The final approval hearing was held today in the Northern District […]

U.S. judge Charles Breyer approves Volkswagen dealers $1.2 billion settlement

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Volkswagen dealers will get an average of $1.85 million in a $1.2 billion settlement authorized by a U.S. judge on Monday concerning its diesel emissions scandal. U.S. District Judge Charles Breyer stated the 650 U.S. dealers would be paid over 18 months, ruling the settlement “fair, reasonable, and adequate.” The automaker also consented to keep […]

Judge Breryer: Volkswagen makes ‘substantial progress’ toward 3.0 liter diesel agreement

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U.S. District Judge Charles Breyer stated on Thursday that Volkswagen has made significant development in talks with the United States Justice Department and other federal government companies towards solving the fate of about 80,000 contaminating diesel 3.0 liter automobiles. At a San Francisco court hearing, Breyer fixed a December 1 due date for a report […]

U.S. judge approves $14.7 billion deal in Volkswagen diesel scandal

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A U.S. judge on Tuesday authorized one of the most significant corporate settlements on record, Volkswagen AG‘s $14.7 billion offer arising from its diesel emissions scandal, and the German automaker said it would start buying back polluting automobiles in mid-November. U.S. District Judge Charles Breyer told in San Francisco signed off on Volkswagen’s settlement with […]

U.S. judge signals possible approval of Volkswagen diesel buyback settlement

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A Reuters report notes that a federal judge in San Francisco on Tuesday stated he was strongly inclined to approve a record-setting $10.033 billion proposed buyback and settlement deal from Volkswagen for 475,000 owners of contaminating 2.0-liter diesel automobiles. U.S. District Judge Charles Breyer told he will issue a last decision in the matter, coming […]

Consumer Reports Tells Volkswagen Should Pay Diesel Owners More

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Prominent U.S. magazine Consumer Reports advised the Justice Department to hike payment to 475,000 owners of contaminating Volkswagen diesel cars and permit owners who select a repair to reconsider. In comments submitted on Friday on the proposed contract, the publication stated the buyback offer undervalues market prices and advised the usage of values that “would […]

Volkswagen’s $15 billion US emissions deal gets early court approval

An almost $15 billion US settlement over Volkswagen’s emissions cheating scandal cleared an essential difficulty Tuesday, with a federal judge giving initial approval to the offer that includes an option for owners to have the carmaker purchase back their automobiles. U.S. District Judge Charles Breyer called the settlement an “enormous effort” by attorneys from both […]

Volkswagen lawyer states 3.0L diesel cars will likely be repaired, not bought back

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A Lawyer for Europe’s biggest automaker, Volkswagen, informed a United States district judge today that the automaker will most likely be able to repair the 85,000 outstanding 3.0 L diesel Verandas, Audis, and Volkswagens that were likewise discovered to flout emissions regulations, following discoveries that almost 500,000 2.0 L diesel cars were built with unlawful […]