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...
Volkswagen workers backed a restructuring of the world's largest carmaker on Tuesday after Chief Executive Herbert Diess pledged to spend 1 billion euros ($1.1 billion) on a new battery cell production..
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