Volkswagen gets extension from U.S., auditor to comply with diesel settlement terms

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Volkswagen stated on Thursday it has been granted 90 more days to test its compliance programs needed under a criminal plea agreement with the U.S. government after its emissions cheating scandal. The extension indicates that an independent compliance auditor, Larry Thompson, will monitor the automaker until September 2020. Thompson, a former deputy U.S. attorney general, […]

Court strikes down ruling forcing Volkswagen to pay Czech consumers damages

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The Prague City Court ruled on Thursday to strike down an order for Volkswagen to pay Czech consumers over 500 million crowns ($21.27 million) in damages for the Dieselgate affair, news website www.idnes.cz reported. It stated the court invalidated a lower court decision on procedural grounds and sent the case back to the lower court […]

Volkswagen turns down judge’s call to settle German class action on emissions

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Volkswagen this week rejected a German judge’s call to settle a customer class action lawsuit that concerns its rigging of diesel emissions tests, stating there was no case to answer. VW admitted utilizing illegal software to cheat U.S. diesel engine tests in 2015, a scandal which has cost it over $30 billion in vehicle refits, […]

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 […]

German prosecutors investigate bonus payments to former VW manager

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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 […]

Volkswagen Faces Lawsuit For Selling Prototypes Unfit For The Road

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A lawsuit filed by three car purchasers last month in Federal District Court in Alexandria, Va., alleged the Volkswagen of defrauding consumers by selling early prototypes not certified for sale by regulators. The suit contends that the automaker concealed such details from dealers and customers. The case is based in part on internal emails that […]

Volkswagen’s emissions problems cost the automaker 3.6 billion euros

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Volkswagen’s effort to get its fleet of vehicles certified according to the new WLTP emissions standard have cost the automaker up to 3.6 billion euros ($4.04 billion) in last year, a source knowledgeable with the matter informed Reuters. The estimate, that was initially reported in Germany’s Der Spiegel, mentioning sources close to the works council, […]

Volkswagen seeks damages from former managers for emissions scandal

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Volkswagen is seeking damages from former managers, who were eliminated for their roles in the diesel emissions scandal that has cost the automaker more than $30 billion, the Handelsblatt newspaper reported on Thursday. Volkswagen submitted the claims for damages as part of labor court disputes at the end of 2018, the newspaper noted, without providing […]

Baden-Wuerttemberg plans to sue Volkswagen over diesel scandal

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The German state of Baden-Wuerttemberg plans to take legal action against Volkswagen over the automaker’s cheating of emissions tests, newspaper Frankfurter Allgemeine Zeitung (FAZ) noted on Monday. The federal state’s bodies, consisting of police forces, bought Volkswagen vehicles that were geared up with a device to rig diesel emissions tests and the paper quoted a […]

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

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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 […]

German consumer association to present class action against Volkswagen

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Germany’s consumer protection association and auto club ADAC on Wednesday are going to present a class action against Volkswagen over the automaker’s manipulation of emissions software. The association, called vzbv, stated on Tuesday it wants to get compensation for some two million owners of Volkswagen diesel vehicles that are not that eco-friendly as the company […]