Search Results for: VW
Lawyers ask for $300 million in fees in VW scandal settlement
October 6th, 2016
Plaintiff lawyers who helped negotiate a potential $10 billion settlement with Volkswagen over the diesel emissions scandal fired back at critics who question their request for more than $300 million in fees for negotiating terms that are largely overlapped ...
VW reports H1 operating profit of 7.5 billlion euros
July 20th, 2016
Volkswagen reported on Wednesday its operating profit came to 7.5 billion euros ($8.3 billion) in the first half of 2016, beating market expectations and pushing its shares higher. Adjusted for one-off costs of 2.2 billion euros, operating profit came ...
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 ...
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 ...
VW faces tougher Justice Department while GM and Toyota settled criminal charges without pleading guilty
February 8th, 2016
Government making `big deal’ of company’s emissions cheating GM, Toyota settled criminal charges without pleading guilty No one has died from the emissions-cheating software Volkswagen AG has admitted it installed in some of its cars, yet the U.S. Justice ...
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 ...
VW Scandal: Top law firms competing for lead assignment in expected multibillion-dollar case
December 3rd, 2015
Top law firms competing for lead assignment in expected multibillion-dollar case Lawyers from across the country will descend Thursday on a courthouse in New Orleans to jockey for a potentially lucrative assignment: a role in the massive consumer-fraud litigation facing Volkswagen AG over ...
U.S. probes Bosch in VW cheating scandal
November 20th, 2015
U.S. authorities are investigating German auto supplier Robert Bosch GmbH over its role in Volkswagen AG’s (VOWG_p.DE) massive scheme to cheat U.S. emission standards, according to people familiar with the matter. Federal prosecutors with the U.S. Department of ...
VW scandal: Which other car manufacturers will be under investigations
November 12th, 2015
VW diesel emissions investigation widened to include other brands German regulators to run tests on possible ‘unusual pollutants emissions’ on other models including BMW, Mercedes and Ford German car regulators are expanding their investigation into suspected diesel emissions manipulation ...
VW engineers admitted rigging CO2 emissions
November 9th, 2015
Engineers overinflated tyres, tampered with motor oil-Bild Company seeking to encourage staff to talk-source Non-executive board to meet on Monday to take stock of fallout (Adds details on amnesty, board meeting on Monday) Several Volkswagen engineers have admitted manipulating ...
