VW Scandal Storyboard
Share the VW Scandal Storyboard with Friends
Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge U.S. fines, a judge hearing a damages case brought by investors against the German carmaker said... on Tuesday.
Angry investors want to know why they weren't told before everyone else In the latest fallout from the Dieselgate scandal, Volkswagen is facing down a German lawsuit for $11bn over the company's use... of software to thwart emissions performance tests....
German auto giant Volkswagen has fixed millions of cars found with emissions cheating software since a 2015 scandal, but must do more to satisfy consumers, the EU said Monday.
State officials figure the Volkswagen diesel emissions testing scandal added an extra 10,000 tons of noxious nitrogen oxide to California's air. To make up for it, the state will use $423 million of... Volkswagen penalty money to cut the same amount of nitrogen oxide by subsidizing the purchase of...
German carmaker Volkswagen rejected Sunday a report that chief executive Herbert Diess knew of the financial risks from the firm's massive diesel cheating earlier than he has so far acknowledged.
A VW spokesman says the German automaker's supervisory board is checking whether it can demand damage claims from former VW CEO Martin Winterkorn in connection with the company's diesel emissions... cheating scandal.
Federal regulators say Volkswagen may not have recalled enough vehicles for a problem that could keep the driver's airbag from deploying in a crash.
German authorities said Thursday they had again raided the headquarters of the world's largest carmaker Volkswagen in a probe over financial market manipulation related to excessive exhaust emissions... from its vehicles.
Australian Automobile Association calls for real-world testing after finding nitrogen oxide emissions four times the levels observed in lab Volkswagen cars in Australia are guzzling up to 14% more... diesel fuel after a recall fix designed to cut emissions, research has found, reigniting calls for emissions to be tested in the real world rather than a laboratory. The analysis, commissioned by the Australian Automobile Association, which is campaigning for real-world testing, examined affected VW cars before recall and immediately after.
AP Photo/Rick Bowmer German auto giantVolkswagen AG warned on Friday that it will take a surprise one-time charge of about 2.5 billion euros ($3 billion) against its third-quarter earnings, as its... efforts to buy back or repair diesel-powered vehicles in North America have proven more costly than it had expected. Wall Street analysts polled by Bloomberg had expected VW to report an operating profit of 4.45 billion euros for the third quarter, on average, before the charge was announced. What VW said: A big charge related to its U.S. diesel settlement In a terse statement, VW said that "additional provisions" to its plan to buy back or retrofit vehicles powered by its 2.0 liter "TDI" turbodiesel engines will "burden" its third-quarter operating results to the tune of about 2.5 billion euros....
Volkswagen AG had a top-secret site at its headquarters, according to sources, that was used to test the company’s emissions cheating system. The system, which first came to light years ago, allowed... for affected vehicles to pass emissions tests without actually meeting the emissions requirements during normal operation. Though at one point the entire debacle was blamed on a small …
Volkswagen has been ordered to pay a $2.8 billion criminal penalty in the United States for cheating on diesel emissions tests
Volkswagen is paying more than $157 million to 10 states to settle environmental lawsuits over the company's diesel emissions-cheating scandal. The company says the money will go to Connecticut,... Delaware, …
The executive dispatched to investigate Volkswagen scandal appears to have been involved in same since 2007, reports suggest
Prosecutors foraged through the offices of law firm Jones Day seeking material.
By causing pollution that exacerbates health problems
Lawyers for Oliver Schmidt, accused of misleading U.S. regulators about diesel admissions, say he was largely an unwitting accomplice.
Oliver Schmidt is charged with conspiracy, other crimes in Volkswagen's scheme to sell vehicles that didn't meet pollution standards
Volkswagen is accused of pressuring drivers to accept a software upgrade for vehicles implicated in the global emissions scandal, or face the possibility of no compensation.
A year and a half after the Volkswagen "Dieselgate" scandal erupted, the European Union is struggling to punish the Germany-based auto giant for emissions cheating and ensure customers are... compensated.
VW's ex-boss may have known the firm was cheating on emissions earlier than he admitted, prosecutors say.
Former Volkswagen CEO Martin Winterkorn denied having had early knowledge of the company's cheating on diesel emissions as he testified Thursday to a German parliamentary inquiry, his first major... public …
The revelation could put arrested Volkswagen manager Oliver Schmidt in U.S. jail for many years, and it could cost Volkswagen another $10 bln.
Just a couple of weeks before the end of the Obama administration, the Justice Department has begun to come around on the importance of holding individual executives accountable for corporate crimes.... But the current prosecution of the Volkswagen diesel emissions scandal brings into focus how easy it would have been to proceed this way for the last eight years, especially in the cases of financial institutions involved in the 2008 crisis and its aftermath. Over the weekend, the FBIarrested Oliver Schmidt, who led the key U.S. regulatory compliance office at Volkswagen, for conspiracy to commit fraud. According to the indictment, Schmidt repeatedly lied to regulators, denying that Volkswagen used special software to cheat emissions tests for its diesel vehicles, when he knew that was company...
VW plans to settle civil and criminal investigations into an emissions cheating scandal by admitting guilt and paying fines. Video provided by Newsy