Diesel scandal has cost Volkswagen 31.3 billion euros

2018 Volkswagen Tiguan

Volkswagen stated its diesel cheating scandal has cost it 31.3 billion euros ($34.69 billion) in fines and settlements, and the German automaker expects cash outflows to continue until next year, saying that these have already been provisioned for. Volkswagen was admitted hiding excessive levels of toxic diesel emissions in 2015, a scandal that resulted in […]

Volkswagen to pay $915 million to German consumers over dieselgate

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Volkswagen reached a “comprehensive agreement” with the German consumer federation VZBV with relation to a compensation settlement over the company’s 2015 emission’s scandal, a court in the central German city of Braunschweig declared on Friday. Some 260,000 German consumers who were affected by the incident will get between €1,350 and €6,257 ($1,484 and $6,879), depending on the […]

Polish watchdog UOKiK fines Volkswagen over emissions scandal

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Poland’s consumer watchdog UOKiK stated on Wednesday that it was fining Volkswagen over 120 million zlotys ($31.6 million) for misleading consumers about the emissions of its vehicles. The fine, the biggest ever given by the regulator for breach of consumer rights, is the newest chapter in the emissions cheating scandal that has cost the German […]

Six thousand Volkswagen owners in Switzerland seek damages in emissions scandal

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Swiss customer protection company SKS has filed a claim on behalf of some 6,000 vehicle owners seeking damages from Volkswagen and Swiss vehicle dealer AMAG associated to the “Dieselgate” emissions scandal. The claim has been filed with the Zurich commercial court. SKS stated it was presuming damages amounted usually to 15 percent of the initial […]

Volkswagen to try blocking emissions audit in constitutional court

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Volkswagen stated on Thursday it would petition Germany’s constitutional court in an effort to reverse the consultation of a special auditor to examine the actions of management in the “Dieselgate” emissions scandal. A lower court selected the auditor in November, in a triumph for shareholder groups that wish to establish whether VW employers kept market-moving […]