Diesel scandal has cost Volkswagen 31.3 billion euros

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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 […]

Volkswagen offers 830 million euros to compensate German consumers

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Volkswagen stated it will compensate owners of its heavily polluting diesel automobiles in Germany in a settlement that will cost automaker 830 million euros ($900 million). In 2015 VW admitted that they were using manipulated engine management software to evade excessive pollution levels in its diesel cars, resulting in series of prosecutions and lawsuits. The […]

Canadian judge approves $149 million fine against Volkswagen over diesel emissions

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A judge in Canada has approved a C$196.5 million ($149.7 million) fine against Volkswagen AG on Wednesday once the company pleaded guilty to dozens of counts of diesel emissions infractions. Volkswagen was charged in December with importing almost 128,000 vehicles into Canada breaching emissions standards. VW pleaded guilty after being charged with 60 counts of […]

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 […]

Australia fines Volkswagen $86 million for emissions violation

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Australia’s competition regulator stated the federal court has penalized Volkswagen AG a record A$125 million ($86 million) for supposedly making false representations regarding compliance with the nation’s diesel emission standards. This penalty amount is the highest ever ordered by the court for contraventions of the Australian Consumer Law, the Australian Competition and Consumer Commission (ACCC) […]

Volkswagen charged with violating vehicle emission standards in Canada

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Volkswagen AG on Monday was charged with importing almost 128,000 vehicles into Canada by contradicting the country’s environmental legislation, a Canadian government agency stated. The German automaker was charged with 60 counts for the violation of the Canadian Environmental Protection Act by importing vehicles that did not conform to prescribed emission standards, Environment and Climate […]

British Volkswagen drivers launch ‘dieselgate’ case in Court

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Tens of thousands of British drivers on Monday alleged Volkswagen of fitting devices to cheat clean air laws at the beginning of the country’s biggest class-action lawsuit brought to deal with “dieselgate”. VW was caught using unlawful software to cheat pollution tests in 2015, resulting in a global backlash against diesel and numerous court cases […]

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, […]