VW Diesel Scandal
VW paid $9.8 billion in diesel settlements to U.S. consumers
U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday . Volkswagen agreed to offer to buy back or repair more than 550,000 polluting diesel U.S. vehicles after it admitted in 2015 that it used secret software to cheat emissions tests. Volkswagen paid more than $9.5 billion to U.S. consumers, while VW diesel supplier Robert Bosch [ROBG.UL] paid more than $300 million to U.S. consumers.
German court rules that VW must buy back 60,000 diesel vehicles
A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the current value of the car based on the mileage they drove since buying it, not the purchase price. Volkswagen said the decision announced Monday would clear the way for settlement of remaining consumer claims in Germany. The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others
VW's top officers charged in Germany over diesel scandal
German prosecutors said Tuesday they have charged Volkswagen's current chief executive and chairman as well as its former CEO with market manipulation in connection with the diesel emissions scandal that erupted in 2015. CEO Herbert Diess, Chairman Hans Dieter Poetsch, and former chief Martin Winterkorn are accused of deliberately informing markets too late about the huge costs to the company that would result from the scandal, prosecutors in the city of Braunschweig said. The charges, which V
'Mystified' judge asks why SEC sued VW two years after emissions scandal
The U.S. Securities and Exchange Commission (SEC) on Monday defended the pace of its investigation into Volkswagen AG after a judge asked why the agency waited two years after a global scandal related to vehicle emissions to sue the automaker. The SEC filed a civil suit in March accusing Volkswagen and its former chief executive, Martin Winterkorn, of defrauding investors in U.S. bond offerings. Volkswagen was caught using illegal software to cheat U.S. pollution tests in 2015, triggering a gl
Porsche to pay $600 million fine over diesel cheating
Latest in a volley of fines over VW Group's Dieselgate scandal.
VW's Electrify America launches app, takes us behind the scenes
It also offers new membership plans and discounted pricing.
Volkswagen shrugs off 1 billion euro Dieselgate hit with higher SUV sales
Scandal costs 30 billion and counting, as automaker continues EV push.
VW former CEO Martin Winterkorn charged with fraud in diesel scandal
He and four others could face prison, forfeit millions of dollars.
SEC charges VW and its former CEO with defrauding investors in Dieselgate
VW, which settled with the feds and paid fines, says 'the SEC is now piling on.'
VW could face SEC lawsuit over failure to disclose emissions cheating
VW admitted illegal activity to regulators but didn't inform investors.
2 charged in theft of Dieselgate VWs and Audis at Pontiac Silverdome
About 61 vehicles disappeared from the lot in 2017.
VW could face recall of more cars over emissions in Germany
There are 370,000 of the models under investigation in Europe.
Diesel scandal cleanup to cost more than $2 billion in 2019
Since 2015, VW has paid out more than $30 billion over the scandal.
Audi interim CEO gets the job for good
He stepped in after his predecessor went to jail over Dieselgate.