VW to Pay About $10.2B to Settle Emissions Claims
German automaker Volkswagen Group is expected to deliver a $10 billion settlement to cover government fines and compensate owners of vehicles fitted with software …
Volkswagen
VW Said to Pay Diesel Owners Up to $7,000, Fund Clean-Air Grants
Volkswagen AG will pay owners of its polluting diesel cars up to $7,000, and agree to fund a grant program to offset air pollution, under a $10 billion settlement being negotiated for submission to a federal judge next week, people familiar with the talks said. VW will provide cash payments worth between $1,000 and $7,000, depending on the vehicle’s age and other factors, to compensate …
Volkswagen, US May Reach Settlement Over Emissions Scandal by June End
Volkswagen AG has made substantial progress toward reaching a final settlement by late June with car owners and the US government over the German automaker’s cheating on diesel emissions tests, a federal judge said on Tuesday. US district judge Charles Breyer in San Francisco also reiterated that a settlement will include “substantial compensation” for owners of 482,000 polluting vehicles that …
Volkswagen, U.S. Make Substantial Progress Toward Final Deal: Judge
Volkswagen AG (VOWG_p.DE) has made substantial progress toward reaching a final settlement next month with car owners and the U.S. government over the German automaker’s cheating on diesel emissions tests, a federal judge said on Tuesday. But major issues remain, including how much the world’s No. 2 automaker may have to pay in fines, which could run in the billions of …
VW ‘On Track’ to Meet Deadline for Diesel-Rigging Settlement
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 …
VW Forges U.S. Deal Arising From Diesel Emissions Scandal
Volkswagen AG, driving to move beyond a scandal that has disrupted its global business and sullied its reputation, announced a sweeping U.S. deal on Thursday to buy back or potentially fix about a half million polluting diesel cars and set up environmental and consumer compensation funds. The settlement, which sources and analysts said could cost VW (VOWG_p.DE) at least…
VW Says Accord With Class Action Plaintiffs to Yield Settlement
Volkswagen said it has reached a framework agreement with class action plaintiffs in U.S. court proceedings on Thursday. The accord with class action plaintiffs will result in “a comprehensive settlement” in coming weeks, Volkswagen (VW) said in an emailed statement published by its Wolfsburg, Germany-based headquarters. The German carmaker and the U.S. Justice Department…
VW Institutional Investors File $3.61 Billion Suit in Germany
BERLIN 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 of 3.256 billion euro ($3.61 billion), was filed at a regional court in Braunschweig in VW’s home state of Lower Saxony on Monday and is …
Angry Volkswagen Investors Are Coming After VW With $3.61 Billion Lawsuit
CEO Matthias Mueller makes a statement, following a meeting ahead of deadline to inform U.S. regulators on plans to comply with standards, at the VW factory in Wolfsburg, Germany November 20, 2015. 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 …
VW Investors File Multi-Billion Dollar Suit in Germany
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 …