October 25, 2020

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    Former Volkswagen CEO Martin Winterkorn

    Criminal proceedings against former Volkswagen CEO Winterkorn

    A court in Braunschweig, Germany, said on Thursday it had started proceedings against former Volkswagen CEO Martin Winterkorn, examining whether he is guilty of market manipulation as part of the automaker’s emissions scandal. Winterkorn and other Volkswagen executives face charges for their participation in enabling diesel cars with excessive pollution levels to hit the road, and […]

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    German court ends diesel case against Volkswagen CEO and Chairman

    A German court stated on Wednesday it was putting the proceedings against the chairman and chief executive of Volkswagen AG to an end after the automaker agreed to pay a fine of 9 million euros ($9.9 million) with concerns about the diesel emissions scandal. CEO Herbert Diess and non-executive Chairman Hans Dieter Poetsch were alleged […]

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    Volkswagen CEO, chairman to stay in office regardless of charges

    Volkswagen’s CEO and chairman will continue to stay in office, the company’s supervisory board stated on Wednesday, a day after German prosecutors brought charges against them for their role in a diesel emissions scandal. The automaker’s supervisory board has not found any evidence that CEO Herbert Diess and Chairman Hans Dieter Poetsch were really late […]

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    German prosecutors investigate bonus payments to former VW manager

    German prosecutors are probing a possible breach of fiduciary duty by Volkswagen regarding bonus payments made to an executive who was suspended following automaker’s emissions cheating scandal. German automaker was caught using software made for evading emissions tests on diesel engines. Volkswagen has argued the software was the work of a handful of engineers who […]

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    Volkswagen CEO says he is “not among the accused” probed for fraud

    Volkswagen’s CEO Herbert Diess stated he was not one of the Volkswagen executives being investigated for fraud and breach of fiduciary trust after German prosecutors on Monday sought to push criminal charges against his predecessor. “I am not among the accused. I do not expect to be charged,” Diess stated on the sidelines of a […]

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    Former Volkswagen CEO Martin Winterkorn

    Ex-Volkswagen CEO Winterkorn charged over diesel emissions scandal

    Martin Winterkorn has been charged over his involvement in the company’s diesel emissions scandal. The public prosecutor in Braunschweig charged former Volkswagen CEO Martin Winterkorn and four other managers with alleged fraud. Volkswagen stated it would not discuss the indictments. Winterkorn is currently facing criminal charges in the US, but is not likely to face […]

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    U.S. judge grants preliminary approval to $48 million Volkswagen investor settlement

    A U.S. judge in California has okayed preliminary approval to a $48 million settlement for investors who stated Volkswagen AG made incorrect and misleading statements about its excess diesel emissions. Lawyers for the investors, who include police and other municipal pension funds, had calculated that the highest they could have recovered was $147 million. However […]

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    German court orders a Volkswagen investor to pay damages for disclosure violations

    A German court ordered Porsche Automobil Holding SE to pay shareholders 47.2 million euros ($53.8 million) in compensation for breaching disclosure rules over an emissions scandal at its major investment Volkswagen. Shareholders who held Porsche SE stock from May 23, 2014, and September 22, 2015, were entitled to be compensated for the share costs reduces […]

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    Volkswagen ex-CEO, Bosch CEO not expected to testify in Stuttgart trial: judge

    Former Volkswagen CEO Martin Winterkorn and Bosch CEO Volkmar Denner are no more expected to testify in a trial brought against the automaker’s main shareholder Porsche SE by investors, according to a judge. Majority of the two dozen witnesses called in the case have invoked their right to reject to provide evidence, Judge Fabian Richter […]

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    Former Volkswagen CEO Martin Winterkorn

    Former Volkswagen boss was slow to address emissions scandal, says judge

    Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that resulted in huge U.S. fines, a judge hearing a damages case brought by investors against the German automaker stated on Tuesday. The question of who knew was aware of that, and when, will be important in discovering the outcome of the suit […]

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    U.S. monitor wants more transparency from Volkswagen concerning emissions

    Volkswagen’s external compliance monitor on Monday stated he did not agreed with some Volkswagen executives’ use of privacy and attorney client privilege rights to withhold details regarding a $27 billion global emissions cheating scandal. The German automaker was ordered by the United States Department of Justice to provide three yearly reports examining its breaches to […]

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    Former Volkswagen CEO Martin Winterkorn

    German prosecutors probe Volkswagen’s ex-CEO’s financial transfers

    German prosecutors stated on Monday they are probing if former Volkswagen CEO Martin Winterkorn moved some of his assets out of Germany after an inquiry into his role in the manipulation of anti-pollution tests. Winterkorn was head of Volkswagen Group in September 2015 during the time U.S. regulators exposed the automaker’s cheating and he stepped […]

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    Former Volkswagen CEO Martin Winterkorn

    Volkswagen may seek damages from ex-CEO Winterkorn over scandal

    Volkswagen is checking whether to seek damages from former Chief Executive Martin Winterkorn, who was a CEO of the automaker when it became known that the automaker had cheated on emissions tests, supervisory board member Stephan Weil informed a newspaper. “Damages against former management board members are under serious consideration, I’m not just stating that,” […]

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    2018 Porsche 911 GT3

    Porsche SE executives, board members are safe to travel to U.S.

    Top managers and supervisory board members at Porsche SE, Volkswagen‘s majority shareholder, can still travel to the United States with no risk or fear for prosecution, the company’s head of legal affairs stated. “Porsche SE is convinced that no board member can be alleged of offences, and that the members of the management and supervisory […]

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    Former Volkswagen CEO Martin Winterkorn

    Braunschweig investigation of ex-VW CEO unaffected by U.S. indictment

    German investigators will keep investigating former Volkswagen AG CEO Martin Winterkorn’s role in the automaker’s emissions test cheating scandal, the Braunschweig prosecutors’ office stated. “Our investigation strategy does not change only because the Americans file charges against Winterkorn,” a spokesman for the prosecutors’ office stated on Friday. The U.S. indictment of Winterkorn, submitted in secret […]

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    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.