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Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021

Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects costs to rise by another 4.1 billion euros, Chief Financial Officer Frank Witter said on Tuesday......»»

Category: topSource: reutersMar 17th, 2020

Volkswagen reaches $900 million deal with consumers over diesel scandal

Volkswagen and a major German consumer group said on Friday that they had reached an 830 million euro ($902.04 million) agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests......»»

Category: topSource: reutersFeb 28th, 2020

Volkswagen, German consumer group reach diesel scandal agreement, Reuters says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 28th, 2020

Volkswagen reaches deal with consumer group over diesel scandal: court

Volkswagen and a major German consumer group have reached an agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests, a court in the northern city of Brunswick said on Friday......»»

Category: topSource: reutersFeb 28th, 2020

Daimler warns 2019 profits to halve as problems deepen

German luxury carmaker Daimler issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry's diesel emissions scandal, heavy investment in electric vehicles and production problems......»»

Category: topSource: reutersJan 22nd, 2020

Daimler 2019 profit down by half, diesel scandal weighs

German luxury car maker Daimler on Wednesday issued its third profit warning for 2019, as costs related to the diesel scandal, heavy investment in electric vehicles and production issues weighed on earnings......»»

Category: topSource: reutersJan 22nd, 2020

Volkswagen in talks with German groups over diesel scandal, Reuters reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJan 2nd, 2020

Volkswagen starts settlement talks with German consumer groups over diesel scandal

Volkswagen on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW's diesel cars......»»

Category: topSource: reutersJan 2nd, 2020

Volkswagen takes one-two punch in Australia with fine, regulatory proceedings

Volkswagen AG took two raps in Australia on Friday as a federal court upheld a fine on the German car maker as part of a global diesel emissions cheating scandal and a regulator started penalty proceedings against one of its financial units......»»

Category: topSource: reutersDec 20th, 2019

Volkswagen headquarters raided again over diesel scandal

Volkswagen headquarters raided again over diesel scandal.....»»

Category: topSource: moneycentralDec 3rd, 2019

Volkswagen headquarters raided again over diesel scandal

German public prosecutors raided the Wolfsburg headquarters of Volkswagen on Tuesday in the latest investigation into the carmaker's diesel emissions scandal......»»

Category: topSource: reutersDec 3rd, 2019

Volkswagen headquarters raided again over diesel scandal

Volkswagen said the raids were linked to an investigation into diesel cars with engine type EA 288......»»

Category: topSource: foxnewsDec 3rd, 2019

BMW executive Markus Duesmann tasked with reviving Audi

Volkswagen on Friday installed former BMW executive Markus Duesmann to reinvent Audi after the German premium brand lost key engineering know-how and influence in the wake of the 2015 diesel-cheating scandal......»»

Category: topSource: reutersNov 15th, 2019

Volkswagen gets more time from U.S., auditor to comply with diesel settlement terms

Volkswagen will get 90 more days to test its compliance programs required under a criminal plea agreement with the U.S. government after an emissions cheating scandal, the German carmaker said on Thursday......»»

Category: topSource: reutersOct 17th, 2019

VW board, workers support top managers despite indictment

Volkswagen's supervisory board and workers on Wednesday gave their backing to the carmaker's top managers a day after German prosecutors pressed charges related to the diesel emissions scandal......»»

Category: topSource: reutersSep 25th, 2019

Volkswagen CEO, chairman will stay in office despite charges: supervisory board

Volkswagen's chief executive and chairman will stay in office, the company's supervisory board said in a statement on Wednesday, a day after German prosecutors pressed charges against them for their role in a diesel emissions scandal......»»

Category: topSource: reutersSep 25th, 2019

Fiat Chrysler manager charged in US diesel emissions case

A senior manager at Fiat Chrysler has been charged with misleading US environmental regulators in the scandal over the automaker's use of "defeat devices" to evade emissions tests, the US Justice Department announced Tuesday. .....»»

Category: topSource: moneycentralSep 25th, 2019

German prosecutors indict top VW bosses over emissions scandal

German prosecutors are pressing criminal charges against the CEO, chairman, and a former CEO of Volkswagen, saying they intentionally delayed telling investors about the carmaker's cheating of U.S diesel emissions tests. David Pollard reports......»»

Category: videoSource: reutersSep 24th, 2019

Volkswagen board to meet Wednesday after CEO indicted: statement

The supervisory board of German carmaker Volkswagen will meet on Wednesday, the board's executive committee said on Tuesday, after prosecutors indicted CEO Herbert Diess over the company's diesel emissions scandal......»»

Category: topSource: reutersSep 24th, 2019

Volkswagen CEO and chairman charged in Germany over diesel emissions scandal

Volkswagen CEO Herbert Diess and the company's chairman, Hans Dieter Pötsch, were charged by German prosecutors on Tuesday with market manipulation tied to the carmaker's diesel emissions scandal......»»

Category: topSource: moneycentralSep 24th, 2019