Volkswagen faces about $10.7 billion investor suit for dieselgate scandal

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Volkswagen faces a trial next week as investors look for 9.2 billion euros ($10.7 billion) in compensation arguing that the automaker should have told shareholders regarding a diesel pollution scandal before regulators did in September 2015. The lawsuit bundles 1,670 claims brought mostly by Volkswagen’s institutional shareholders who have alleged the automaker of failing to […]

Volkswagen, Robert Bosch will pay $1.55 billion to settle U.S. diesel claims

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Volkswagen has accepted pay at least $1.22 billion to repair or buy back nearly 80,000 polluting U.S. 3.0 liter diesel-engine automobiles to settle claims it fitted illegal emissions-cheating software to the vehicles, court documents revealed. Auto supplier Robert Bosch GmbH also agreed to pay $327.5 million to U.S. diesel Volkswagen owners, as per the files […]

Former Volkswagen CEO sticks to denial of early knowledge of dieselgate scandal

Former Volkswagen CEO Martin Winterkorn

Former Volkswagen CEO Martin Winterkorn maintains that he did not discover about automaker’s manipulations of emissions tests earlier than the company had officially admitted, his legal representative stated. Prosecutors in Braunschweig earlier on Friday stated they are examining the ex Volkswagen CEO over suspicions of fraud, pointing out signs that Winterkorn might have understood about […]