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 has announced $3.4 billion in cost cuts to speed up improvement in profit margins at its core VW brand. The German automaker has been cutting costs recently to fund a shift to electric cars..
According to a report by Reuters, on Wednesday, a US judge in California granted preliminary approval to a 48 million dollar settlement for investors who claim that Volkswagen made false and misleading..
A German court has ruled Volkswagen must reimburse the owner of a Golf the full original price of nearly 30,000 euros for a vehicle bought in 2012, dealing a blow to the carmaker as the legal battles..
According to Reuters, VW will spend almost $50 billion on developing electric cars. The project will also focus on autonomous driving and new mobility services. Volkswagen hopes to finish the project..