EU Fines VW, BMW $1B for Colluding to Curb Use of Emissions Cleansing Technology July 8, 2021 By Marine Strauss and Alexander Hübner BRUSSELS – The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on...
Spanish Court Orders VW to Pay $20M to Buyers in Diesel Cheating Case January 26, 2021 A Spanish court has ordered German carmaker Volkswagen to pay 16.3 million euros ($19.8 million) in compensation to people in...
Volkswagen Talks Damages Claims Against Chip Suppliers Over Shortages January 25, 2021 By Michael Nienaber German car manufacturer Volkswagen is in talks with its main suppliers about possible claims for damages due to a shortage...
VW Asks Court to Reconsider ‘Staggering’ Damages for Counties Over Diesel Emissions August 3, 2020 By David Shepardson Volkswagen AG’s wholly owned U.S. subsidiary on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling...
U.S. Volkswagen Owners Cheated in Diesel Scam Receive $9.8 Billion in Settlements July 28, 2020 By David Shepardson U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said...
Federal Court Allows Counties’ Clean Air Claims Against VW for Diesel Scandal June 2, 2020 By Jonathan Stempel and David Shepardson A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida...
VW Launches Software It Hopes Will Make Car Accidents Obsolete by 2050 March 13, 2020 Volkswagen will launch a new software operating system this year that it hopes will make accidents involving its cars a...
U.S. Jury Awards Four VW Diesel Owners $100K in Punitive Damages Over Cheating March 11, 2020 By David Shepardson A U.S. jury in California on Monday awarded the drivers of four Volkswagen AG vehicles a total of $100,000 as...
VW’s Porsche Unit to Pay $599M to End German Probe into Rigged Diesel Engines May 8, 2019 By Karin Matussek and Christoph Rauwald Volkswagen AG’s Porsche sportscar unit agreed to pay 535 million euros ($599 million) to end a probe into rigged diesel...
SEC Sues VW, Ex-CEO over Diesel Emissions Scandal, Alleging Massive Investor Fraud March 15, 2019 By David Shepardson and Edward Taylor The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the...