Judge says Volkswagen must face U.S. investor lawsuit in emissions scandal

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Volkswagen and previous CEO Martin Winterkorn should defend an investor lawsuit in California over the automaker’s diesel emissions scandal, a U.S. judge ruled on Wednesday. U.S. District Judge Charles Breyer also turned down a request by Volkswagen brand chief Herbert Diess to have the proposed securities fraud lawsuits threw out of a California court. Other […]

General Motors, Ford, Honda, And Others Report Sales Amid Demand Concerns

General Motors and most of other car manufacturers on Tuesday report October U.S. sales, amid issues about waning need. A┬ápossibly maxed-out auto-loan market and incentives’ effect on earnings. Ford Motor, however, will not be amongst them. Ford stated late Monday that it will launch results later on today due to a fire at its Dearborn, […]

U.S. judge approves $14.7 billion deal in Volkswagen diesel scandal

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A U.S. judge on Tuesday authorized one of the most significant corporate settlements on record, Volkswagen AG‘s $14.7 billion offer arising from its diesel emissions scandal, and the German automaker said it would start buying back polluting automobiles in mid-November. U.S. District Judge Charles Breyer told in San Francisco signed off on Volkswagen’s settlement with […]

Volkswagen engineer pleads guilty in U.S. diesel emissions investigation

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A Volkswagen engineer pleaded guilty on Friday for assisting the German automaker evade U.S. emission requirements, and his lawyer said he would cooperate with federal authorities in their investigation. James Liang, who has worked for Volkswagen from 1983 and was part of a team of engineers who established a diesel engine, was charged of conspiring […]

Volkswagen purchases Navistar stake for $256 million in trucks push

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Volkswagen has concurred an engine innovation and buying alliance with truckmaker Navistar, and will purchase a 16.6 percent stake in the United States firm for $256 million, as worldwide truck makers face high development costs to satisfy international anti-pollution rules. The deal is anticipated to assist both sides cut expenses, give Volkswagen’s trucks business a […]