Tuesday , October 24 2017

Tag Archives: Volkswagen

VW to pay $86m in penalties to California – Spain charges Volkswagen with fraud over emissions

LOS ANGELES, July 9, (Agencies): Volkswagen AG will pay an additional $86 million in penalties to California over its emissions scandal, on top of a settlement of $14.7 billion the automaker reached with US officials last week, state Attorney General Kamala Harris said in a statement. The office of Harris, …

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VW to pay $10.2 bln to settle emissions claims – Volkswagen owners close ranks as investors vent fury over crisis

DETROIT, June 23, (Agencies): Volkswagen has agreed to take a series of steps with a total cost of about $10.2 billion to settle claims from its unprecedented diesel emissions cheating scandal in the U.S., two people briefed on the matter said Thursday. Most of the money would go to compensate …

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Scandal-hit VW turns its sights to electric cars – US authorities extend deadline in ‘dieselgate’ scandal

FRANKFURT, June 16, (AFP): Embattled auto giant Volkswagen unveiled Thursday plans to launch more than 30 all-electric models by 2025 as it seeks to reposition itself as a leading player in environmentally sustainable modes of transport. VW, currently entangled in a global engine-rigging pollution scandal, said in a statement that …

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VW mulls cutting temporary workers – Automaker hires anti-corruption exec as it deals with scandal

BERLIN, Oct 17, (Agencies): Volkswagen is considering a reduction in temporary workers as part of efforts to offset the cost of the emissions scandal, the car maker’s works council said on Saturday. A spokesman for the council, a grouping of labour representatives within the company, said it would support efforts …

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‘Fewer than 10’ targeted in VW probe: prosecutors – Daimler compliance manager to help tackle scandal

FRANKFURT, Oct 16, (Agencies): German prosecutors said Friday they had identified fewer than 10 suspects in the massive pollution-cheating scandal that has engulfed Volkswagen, as the auto giant announced a drop in worldwide sales. “More than two, but a lot fewer than 10 people” were suspected of masterminding the scam …

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Volkswagen scandal set for movie produced by DiCaprio – Wilde on fighting to fund her crime drama ‘Meadowland’

LOS ANGELES, Oct 13, (Agencies): Hollywood is planning a movie about Volkswagen’s emissions-cheating scandal, with Leonardo DiCaprio, who has long championed environmental causes, set to produce the film, press reports said Monday. According to the Hollywood Reporter, Paramount and DiCaprio’s production company Appian Way have bought the rights to an …

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VW brand likely to face full-year loss – Company may compensate owners of diesel cars for loss of value

HAMBURG/BERLIN, Oct 9, (Agencies): Volkswagen’s core autos division will likely plunge into a loss this year as it is set to shoulder the bulk of the costs from the fallout of the company’s rigging of diesel emissions tests, two company sources said on Friday. VW’s namesake brand accounts for about …

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VW Hit Too Hot To Handle

The football match between FC Bayern Munich and the German Cup champion VfL Wolfsburg was going well for the latter team which had scored one goal during the first half of the match. However, during the second half of the match, the coach of FC Bayern Munich Pep Guardiola pushed …

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US, EU vow auto emissions crackdown – Automakers could see higher costs from additional tests

WASHINGTON/BRUSSELS, Sept 27, (Agencies): Government regulators on both sides of the Atlantic vowed on Friday to toughen auto emissions tests in the wake of Volkswagen’s admission it cheated on diesel emissions, but some officials and environmentalists doubted the pledges would be easily achieved. The US Environmental Protection Agency notified auto …

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