Volkswagen diesel emissions scandal News

SEC Sues VW, Ex-CEO over Diesel Emissions Scandal, Alleging Massive Investor Fraud

The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, alleging a “massive fraud” on U.S. investors. VW was caught using illegal software to cheat …

Germany Moves Toward U.S.-Style Class-Actions, Benefiting VW Diesel Car Litigants

Germany will allow interest groups to sue on behalf of consumers, taking a tentative step toward U.S.-style class-action lawsuits in a bid to make it easier to collect damages from big companies in the aftermath of Volkswagen AG’s diesel-cheating scandal. …

More than 50,000 British Drivers Initiate ‘Dieselgate’ Suit Against VW

Lawyers for more than 50,000 British car owners kicked off a lawsuit against Volkswagen in London’s High Court on Tuesday in a battle for compensation over a diesel emissions scandal that has engulfed Europe’s largest carmaker since 2015. The three-day …

Kobe Steel Can Expect Spate of Lawsuits for Its 10 Years of False Data

Kobe Steel Ltd.’s legal problems are just beginning in wake of the company’s disclosure that it falsified data for years about the durability of aluminum and copper used in airplanes, trains and vehicles. The Japanese company, which supplies many of …

Daimler Recalls More Than 3 Million Mercedes-Benz Diesel Vehicles

Daimler AG moved to head off a growing crisis over emissions concerns by voluntarily recalling more than 3 million Mercedes-Benz diesel vehicles in Europe, marking the latest blow to the technology since Volkswagen AG’s cheating scandal erupted nearly two years …

Volkswagen Agrees to $4.3 Billion U.S. Settlement Over Emissions Fraud

Volkswagen AG confirmed on Tuesday it has negotiated a $4.3 billion draft settlement with U.S. regulators to resolve its diesel emissions troubles and plans to plead guilty to criminal misconduct. The guilty plea is part of the civil and criminal …

$14.7B VW Diesel Settlement Gets Preliminary Approval

Volkswagen AG’s $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles. U.S. District Judge Charles Breyer in …

Kentucky Sues Volkswagen Over Diesel Emissions Cheating

Kentucky sued Volkswagen AG and its luxury units on Tuesday claiming the German automaker’s diesel emissions cheating scheme violated the state’s Consumer Protection Act. “Volkswagen must be held accountable for its false and misleading promotion and sales of its vehicles …

278 Volkswagen Institutional Investors File €3.3 Billion Suit in Germany

Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. The lawsuit, for damages …

Allianz Plans to Sue VW over Share Drop Caused by Emissions Scandal: Source

German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters. If successful, the lawsuit would add to financial pressures …