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 …
Tag:
Volkswagen emissions scandal
Articles related to emissions scandal involving Volkswagen.
- Volkswagen
German prosecutors investigate bonus payments to former VW manager
by SpeedLuxby SpeedLuxGerman 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 …
- Volkswagen
Volkswagen Faces Lawsuit For Selling Prototypes Unfit For The Road
by SpeedLuxby SpeedLuxA 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 …
The U.S. Securities and Exchange Commission (SEC) is taking legal action against Volkswagen and its former CEO Martin Winterkorn over the German automaker’s diesel emissions scandal, accusing of a “massive …
- Volkswagen
Volkswagen’s emissions problems cost the automaker 3.6 billion euros
by SpeedLuxby SpeedLuxVolkswagen’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, …
- Volkswagen
Volkswagen seeks damages from former managers for emissions scandal
by SpeedLuxby SpeedLuxVolkswagen 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 …
- Press ReleasesVolkswagen
Baden-Wuerttemberg plans to sue Volkswagen over diesel scandal
by SpeedLuxby SpeedLuxThe 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 …
- Volkswagen
U.S. judge grants preliminary approval to $48 million Volkswagen investor settlement
by SpeedLuxby SpeedLuxA 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. …
U.S. semiconductor provider Broadcom has made a patent claim for over $1 billion against Volkswagen and is threatening to look forward to a judicial ban on the production of several …
- Volkswagen
Volkswagen to cover some expenses of hardware retrofits for diesel cars
by SpeedLuxby SpeedLuxGerman automaker Volkswagen has agreed to cover some but not all of the expenses for hardware retrofits of diesel vehicles, Transport Minister Andreas Scheuer stated on Monday, adding the German …
