Volkswagen diesel News

Volkswagen Investors Seek $10.6 Billion Over Diesel Scam

Volkswagen went on trial on Monday to face investors seeking 9.2 billion euros ($10.6 billion) in compensation, arguing the carmaker should have informed shareholders earlier about its diesel pollution scandal. Shareholders representing 1,670 claims are seeking compensation for a slide …

Judge Grants VW More Time for Diesel Fix

Volkswagen AG was given four more weeks to reach an agreement with regulators for getting 600,000 diesel vehicles off U.S. roads as it faces hundreds of lawsuits for rigging pollution control systems to cheat emissions tests. U.S. District Judge Charles …

VW May Miss Court Deadline for Diesel Fix with U.S. Regulators

Volkswagen AG will probably miss a Thursday court deadline to reach a comprehensive agreement with U.S. authorities over its tainted diesel engines, possibly exposing the carmaker to daily fines and other sanctions. While talks have intensified in recent days, Volkswagen …

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 …

Former VW CEO Was Alerted to Problems with US Diesel Emissions Tests in 2014

Volkswagen’s former chief executive officer was alerted to problems with U.S. diesel emissions tests in 2014, but the issue “did not initially receive particular attention at the management levels,” the German carmaker said on Wednesday. A memo was sent to …

Volkswagen Offers Diesel Owners $1,000 ‘Goodwill’ Payment

Volkswagen AG, reeling from an expanding scandal involving diesel cars it has admitted it rigged to pass U.S. pollution tests, announced Monday that owners of the vehicles will receive $1,000 in what the company calls a “goodwill” gesture. VW is …

Volkswagen Wants 350 Diesel Fraud Claims Consolidated

Volkswagen AG is maneuvering to steer hundreds of class-action lawsuits over its emissions-cheating software to the court nearest its current U.S. headquarters or to Detroit, its former location. The automaker asked a panel of federal judges to combine the more …

West Virginia Files Suit Against Volkswagen Over Clean Diesel Claims

West Virginia may be the first U.S. state to sue Volkswagen AG for deceiving car buyers after the Environmental Protection Agency said last month that the company had installed software to hide that its diesel engines exceeded pollution standards. Attorney …

Volkswagen to Recall 11 Million Vehicles for Diesel Fix

Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand to try to move on from the scandal over its cheating on diesel emissions tests. New Chief Executive Matthias Mueller said the German …