Volkswagen headquarters has been raided again over diesel scandal

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German public prosecutors raided the Wolfsburg headquarters of Volkswagen in the latest investigation into the automaker’s diesel emissions scandal on Tuesday. Prosecutors stated investigators intended to confiscate documents. Volkswagen, which admitted in 2015 to cheating U.S. emissions tests on diesel engines, said it was absolutely cooperating with the authorities, but consider the investigation as unfounded. […]

Volkswagen sets aside 5.5 billion euros to deal with diesel scandal

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Volkswagen stated it has set aside 5.5 billion euros ($6.16 billion) in contingent liabilities to cover possible dangers emerging from a diesel cheating scandal, chief financial officer Frank Witter stated on Thursday. With the release of quarterly revenues on Thursday Volkswagen revealed it had set aside 1 billion euros in risk provisions to assist in […]