Search Results for: Volkswagen AG
VW Will Spend $14.7 Billion to Settle emissions scandal;the largest settlement ever paid by an automaker
July 7th, 2016
Volkswagen will spend $10 billion on affected car buybacks, $4.7 billion to “mitigate pollution” in the TDI emissions settlement. The estimated cost of Volkswagen’s U.S. diesel emissions cheating just rose by half—to nearly $15 billion, the largest settlement ever paid by ...
Before the bell: What you need to know before the US market open
June 28th, 2016
The Brexit rollercoaster is still going full tilt, unbalancing global markets, currencies and politics. Here’s what you need to know before the US open at 2:30pm London time. Major US markets are pointing up ahead of the open, with ...
Europe expected to pause after strong gains
June 21st, 2016
European stocks traded slightly lower on Tuesday, taking a breather after sharp gains seen in the previous session following polls that allayed fears of a Brexit. The pan-European STOXX 600 was down 0.13 percent with major bourses and sectors pointing in ...
European car manufacturers face fines of up to €2 billion
May 30th, 2016
Several European car manufacturers have hefty fines hanging over their heads if they are unable to meet the new emission standards set by the European Union. Those with a cloud around their performance include Jaguar Land Rover, BMW, Volkswagen, ...
Fastned raises 3 million euro via the new stock exchange Nxchange
May 24th, 2016
Fastned, which is building a pan-European network of fast charging stations for electric cars, has raised 3.07 million euro in fresh capital in the first five weeks of its listing on the new stock exchange Nxchange. 307,473 new certificates ...
Fiat Chrysler suspected of emissions fraud
May 23rd, 2016
German regulators suspect that Italian-American auto maker Fiat Chrysler, like Volkswagen, used illegal software to cheat on emissions tests, a newspaper report said yesterday. The German Federal Motor Vehicle Office (KBA) had sent a report voicing the suspicion to ...
Now this car maker has admitted faking emissions test results
April 20th, 2016
Japanese car manufacturer Mitsubishi has admitted its employees falsified fuel economy tests data. The company confirmed that fuel efficiency tests broke Japanese rules in at least 600,000 of its vehicles, of which 157,000 part of its own-brand light vehicles and 468,000 ...
VW: Prosecutors in Germany and France widen probes
March 9th, 2016
Prosecutors in Germany and France have broadened their investigations into the emissions scandal at Volkswagen. Authorities in Paris have opened a formal probe into “aggravated fraud” over the use of diesel engine devices that gave misleading emissions results. And ...
Renault recalls more than 15,000 diesel cars after emissions tests
January 20th, 2016
French carmaker acts after admission that emissions filtering system did not work in all temperatures, but denies wrongdoing Renault has recalled more than 15,000 diesel cars after an admission that its emissions filtering system does not work in all temperatures. ...
European Parliament set to hold inquiry into VW emissions scandal
December 17th, 2015
The European Parliament plans to set up a committee to investigate Volkswagen‘s (VOWG_p.DE) emissions scandal and whether regulatory oversight of the car industry was too lax. Members of the European Parliament will vote on the issue around midday on ...
