Volkswagen fined $1.2 billion in Germany over diesel scandal
Wednesday, 13 June 2018 BERLIN (AP) — Automaker Volkswagen says it’s being fined 1 billion euros ($1.18 billion) by German authorities in connection with the diesel emissions scandal. Volkswagen said in a statement Wednesday it would accept the fine imposed by prosecutors in the German city of Braunschweig. Prosecutors concluded that Volkswagen failed to properly oversee the activity of […]
According to Reuters, Volkswagen AG will pay owners of diesel-powered vehicles up to $1,000 in Vermont to settle state lawsuits. Vermont's attorney general stated there will be additional payments related to the state's $6.5 million settlement with VW. But the state lawsuits sought to resolve...
BERLIN (AP) — Porsche's chief executive says the sports car maker won't produce any new diesel models in the wake of parent company Volkswagen's diesel... SeattlePI.com - BusinessAlso reported by •Seattle Times •Reuters •Deutsche Welle
German luxury car maker Porsche will no longer offer diesel versions of its cars, the Volkswagen unit said, becoming the first German auto maker to drop the... Wall Street Journal - BusinessAlso reported by •Deutsche Welle
Volkswagen Discontinuing Iconic Beetle After close to 70 years of production, It was also announced that two final edition models will be released. Hinrich Woebcken, CEO of Volkswagen Group of America,..
The Volkswagen Group's supervisory board will meet Monday to discuss the future of Rupert Stadler, who is the suspended CEO of its Audi premium brand. Automotive News reports that the board is due to..