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 …
Volkswagen deleted documents and obstructed justice after the U.S. Environmental Protection Agency accused the automaker of cheating on emissions tests, a former employee alleged in a lawsuit. Daniel Donovan says in a whistleblower case that he was wrongfully fired Dec. 6 after refusing to participate in the deletions and reporting them to a supervisor. The lawsuit says the evidence deletion …
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.
Volkswagen’s top executive in the US, Michael Horn, has left the company almost six months after the emissions scandal came to light in the country. VW confirmed that Michael Horn was leaving “to pursue other opportunities effective immediately”. The statement did not give any further information on the decision, which was a surprise given he was a veteran of 25 years at the company and had …
Screenshot via VWAn ad for Volkswagen’s lineup of diesel vehicles It’s been more than five months since the U.S. Environmental Protection Agency (EPA) announced Volkswagen’s use of illegal “defeat device” software in diesel cars in mid-September. But Volkswagen appears no closer to beginning a recall of the affected cars–leaving owners of almost 600,000 diesel vehicles deeply frustrated. And …
And now, for its most expensive act: Volkswagen might buy back some of the 575,000 cars affected by Dieselgate in the United States. Robert Giuffra, a lawyer defending Volkswagen against class-action suits, indicated during a court hearing at the U.S. District Court in San Francisco last week that if the German automaker is unable repair some of its diesel models in a timely manner, it might …
Halt gutting of class action Is Congress acting to protect Volkswagen? I�m sure you�ve heard about Volkswagen�s emissions scandal, where the automaker intentionally installed �defeat devices� in millions of cars around the world to cheat auto emissions regulations. Consumers who thought they were buying �clean diesel� TDI engines were in fact polluting up to 40 times above national standards, …
Embattled automaker Volkswagen has developed a catalytic converter that could be fitted to around 430,000 cars with the first generation of the EA 189 diesel engine, allowing them to pass US emissions tests, German newspaper “Bild am Sonntag” said Sunday. The paper did not provide any information on its sources, but a source familiar with the matter told Reuters that VW’s proposal included a …
Culture is a powerful force that can cause people to make decisions that aren’t in their companies’ best interests. And when the status quo doesn’t allow for honest internal communication, businesses can end up facing disaster. Consider what happened with Volkswagen’s “no-failure” culture and its emissions-test scandal.
TOM KRISHER, AP Auto Writer DETROIT (AP) — Volkswagen’s new chief executive plans to present remedies for fixing diesel engines that cheat on emissions tests when he meets with the top U.S. environmental regulator this week. CEO Matthias Mueller said that as of now VW has only given technical data to the Environmental Protection Agency and the California Air Resources Board. But he hopes to …