Bosch said Wednesday it would “continue to defend its interests in all other civil and criminal law proceedings and to cooperate comprehensively with the investigating authorities in Germany and in other countries.” Volkswagen held powerful sway over Bosch, based on the accounts in the lawsuits. The carmaker was one of Bosch’s biggest customers, with a relationship dating from the early days of …
The federal judge demanding Volkswagen AG fix 480,000 diesel-cheating vehicles in the U.S. or get them off the road said the automaker is on pace to meet next month’s deadline to reach a deal with car owners. U.S. District Judge Charles Breyer in San Francisco reiterated on Tuesday that buybacks, cash compensation for consumers and a fund to address damages from the excess emissions and future …
Almost 300 institutional investors in Volkswagen have filed a multi-billion dollar suit against the carmaker for what they claim were breaches of its stock market duty in the emissions cheating scandal. The lawsuit, for damages of €3.3bn ($3.6bn), was filed at a regional court in Braunschweig in VW’s home state of Lower Saxony on Monday and is being brought by 278 investors from all over the …
Prosecutors in Germany and France have broadened their investigations into the emissions scandal at Volkswagen. Authorities in Paris have opened a formal probe into “aggravated fraud” over the use of diesel engine devices that gave misleading emissions results. And German prosecutors said the number of VW employees now under investigation has increased from six to 17.