Fri, 22 Nov 2024 08:24:43 GMT (1732263883391)
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5 years ago
Volkswagen warns of slowing global auto marketsFRANKFURT, Germany (AP) — Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles but warned that global markets are slowing more than expected and lowered its forecast for annual sales. After-tax...
5 years ago
Volkswagen to pay up to $87 million in Australia for scandalVolkswagen has agreed to pay up to 127 million Australian dollars ($87 million) to settle an Australian class action stemming from the 2015 diesel emissions scandal, the German automaker and a lawyer said Monday. The settlement was announced in the...
5 years ago
Germany's Bosch fined $100M over diesel scandalGerman prosecutors have fined auto parts and technology company Bosch 90 million euros ($100 million) over its role in the diesel emissions scandal that erupted at Volkswagen in 2015. Prosecutors in Stuttgart said Thursday that the company, formally called Robert...
6 years ago
Volkswagen to invest $1.12B in battery production plantAutomaker Volkswagen AG says it is investing 1 billion euros ($1. 12 billion) to set up a battery production plant in Germany. Chief executive Herbert Diess said Tuesday that the factory is part of the company's effort to electrify its...
6 years ago
Former Volkswagen CEO charged with fraud in GermanyGerman prosecutors have charged former Volkswagen CEO Martin Winterkorn and four others with fraud and other offenses in connection with the company's massive, multi-year effort to cheat on diesel emissions testing. Prosecutors said in a statement Monday that Winterkorn knew...
6 years ago
EU says BMW, Daimler, VW colluded to limit emissions techEuropean Union authorities said Friday that German automakers BMW, Daimler and Volkswagen colluded to limit the development of emissions-cleaning technology in cars. The EU antitrust regulator said that after an in-depth investigation, it found the companies broke EU laws from...
6 years ago
Appeals court backs $10B Volkswagen emissions cheating dealA U.S. appeals court on Monday approved a $10 billion settlement between Volkswagen and car owners caught up in the company's emissions cheating scandal.The deal delivered tangible, substantial benefits and the federal judge who approved it did more than e...
6 years ago
Prosecutor: VW responsible as a whole for diesel scandalGerman prosecutors say that automaker Volkswagen as a whole is responsible for the 2015 diesel emissions cheating scandal, a day after the company said it would accept a one-billion euro fine (1.18 billion dollars).Braunschweig senior prosecutor Klaus Zieh
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