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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 sets aside 5.5 billion euros in contingent liabilities for diesel scandal

Volkswagen said it has set aside 5.5 billion euros ($6.16 billion) in contingent liabilities to cover possible risks arising from a diesel cheating scandal, chief financial officer Frank Witter said on Thursday......»»

Category: topSource: reutersMay 2nd, 2019

After diesel scandal, embattled Volkswagen names new CEO

VW is hoping to move on from the diesel scandal that cost the company $30 billion......»»

Category: topSource: msnbcApr 12th, 2018

Germany threatens Daimler with 3.75 billion euro fine over emissions: Spiegel

BERLIN (Reuters) - German Transport Minister Andreas Scheuer has threatened carmaker Daimler with a fine of 3.75 billion euros ($4.38 billion) over a diesel emissions scandal, Spiegel magazine reported on Friday......»»

Category: topSource: reutersJun 1st, 2018

Germany threatens Daimler with 3.75 billion euro fine over emissions-Spiegel

BERLIN/FRANKFURT (Reuters) - German Transport Minister Andreas Scheuer has threatened to fine carmaker Daimler 3.75 billion euros ($4.4 billion) over a diesel emissions scandal, Spiegel magazine reported on Friday......»»

Category: topSource: reutersJun 1st, 2018

Germany fines Volkswagen $1.2 billion for diesel scandal

Prosecutors in Germany have imposed a $1.2 billion fine on Volkswagen over the company's emissions scandal......»»

Category: topSource: cnnJun 13th, 2018

Germany fines Volkswagen $1.2 billion over diesel scandal

Prosecutors in Germany have imposed a $1.2 billion fine on Volkswagen for rigging diesel engine emissions worldwide......»»

Category: topSource: cnnJun 13th, 2018

Investor Test Case Against Volkswagen Goes to Court Next Week

Volkswagen could have to pay as much as $11 billion in damages related to its diesel emissions-cheating scandal if a German court sides with investors in a lawsuit that goes to trial next week......»»

Category: smallbizSource: wsjSep 6th, 2018

VW faces about $10.7 billion investor suit over dieselgate scandal

Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal before regulators did in September 2015......»»

Category: topSource: reutersSep 7th, 2018

VW Fights Investors as Diesel-Scandal Cost Could Top $35 Billion

A legal battle with thousands of investors heats up in the Ge.....»»

Category: europeSource: fortuneSep 8th, 2018

Volkswagen investors seek $11 billion damages over dieselgate scandal

Volkswagen went on trial on Monday to face investors seeking 9.2 billion euros ($10.6 billion) in compensation, arguing the carmaker should have informed shareholders earlier about its diesel pollution scandal......»»

Category: topSource: reutersSep 10th, 2018

VW investors seek $11 billion damages over dieselgate scandal

Investors took Volkswagen to court on Monday to seek 9.2 billion euros ($10.6 billion) in compensation for the hit to the carmaker's share price from its diesel emissions scandal, although the judge said some claims could be time-barred......»»

Category: topSource: reutersSep 10th, 2018

VW investors seek $11 bln damages over dieselgate scandal

Volkswagen went on trial on Monday to face investors seeking 9.2 billion euros ($10.6 billion) in compensation, arguing the carmaker should have informed shareholders earlier about its diesel pollution scandal. Sonia Legg reports.....»»

Category: videoSource: reutersSep 10th, 2018

$10.4-billion lawsuit over diesel emissions scandal opens against Volkswagen

The California Public Employees’ Retirement.....»»

Category: topSource: latimesSep 10th, 2018

VW says diesel scandal cleanup to cost 2 billion euro in 2019: paper

Volkswagen's cleanup of a diesel cheating scandal will cost it 5.5 billion euros ($6.25 bln) in 2018 and around 2 billion euros in 2019, Chief Financial Officer Frank Witter told German weekly Boersen-Zeitung......»»

Category: topSource: reutersDec 22nd, 2018

VW seeks damages from ex-managers for emissions scandal: report

Volkswagen is seeking damages from former managers, who were dismissed for their roles in the diesel emissions scandal that has cost the German automaker as much as $30 billion, the Handelsblatt newspaper reported on Thursday......»»

Category: topSource: reutersJan 10th, 2019

Caterpillar sales rise as dealers boost inventory levels

Caterpillar’s sales rose in the first quarter as market conditions for the Deerfield-based machinery company begin to improve. Revenue climbed to $11.89 billion, easily beating the.....»»

Category: topSource: chicagotribuneApr 29th, 2021

Andrew Cuomo has a new scandal, and it"s the "structural safety" of a bridge named after his father

Snapping bolts have raised concerns over whether the $3.9 billion span - which replaced the Tappan Zee Bridge in 2017 - could collapse. New York Gov. Andrew Cuomo touted the Mario Cuomo B.....»»

Category: smallbizSource: nytMar 9th, 2021

Car dealers nationwide poised to adopt protocols

New York hospitals will get $5 billion from the U.S. Department of Health and Human Services as part of a $12 billion plan to distribute money to Covid-19 hot spots. The funding will be distributed... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 8th, 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