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...
The Volkswagen Group is opening its Modular Electric Toolkit (MEB) developed in recent years to other manufacturers. The purpose is to achieve a significant reduction in the cost of e-mobility through..
The U.S. SEC is suing Volkswagen over the emissions cheating scandal, saying the German automaker should have been more open with investors about the scale of the scandal. Julian Satterthwaite reports.