Judge approves $15B Volkswagen settlement

26th Oct 2016 Comments Off on Judge approves $15B Volkswagen settlement

Nathan Bomey , USA TODAY A federal judge on Tuesday approved one of the largest consumer settlements in U.S. history, a nearly $15 billion U.S. deal concerning Volkswagen Group’s diesel car emissions scandal. The settlement sets in motion a massive vehicle buyback program and environmental remediation efforts. U.S. District Court Judge Charles Breyer in San Francisco approved the sweeping agreement between consumers, […]

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Volkswagen engineer pleads guilty in U.S. diesel emissions probe

9th Sep 2016 Comments Off on Volkswagen engineer pleads guilty in U.S. diesel emissions probe

By David Shepardson and Joseph White | DETROIT/WASHINGTON A Volkswagen AG (VOWG_p.DE) engineer pleaded guilty on Friday to helping the German automaker evade U.S. emission standards, and his lawyer said he would cooperate with federal authorities in their criminal probe. James Liang, who has worked for VW since 1983 and was part of a team of engineers who developed a […]

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VW Engineer Pleads Guilty in U.S. Criminal Case Over Diesel Emissions

9th Sep 2016 Comments Off on VW Engineer Pleads Guilty in U.S. Criminal Case Over Diesel Emissions

A Volkswagen engineer pleaded guilty on Friday to conspiring to defraud regulators and car owners, in the first criminal charges stemming from the American investigation into the German carmaker’s emissions deception. The case against the engineer, James Robert Liang, who pleaded guilty in United States District Court for the Eastern District of Michigan, adds to the pressure on the company, […]

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VW Engineer Pleads Guilty in Emissions Case, Will Cooperate

9th Sep 2016 Comments Off on VW Engineer Pleads Guilty in Emissions Case, Will Cooperate

A Volkswagen engineer has pleaded guilty to one count of conspiracy in the company’s emissions cheating scandal, advancing a criminal investigation by agreeing to testify against others. James Robert Liang, 62, of Newbury Park, California, entered the plea Friday in U.S. District Court in Detroit to one count of conspiracy to defraud the government through wire fraud. Liang is the […]

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Vermont sues VW over emissions-rigging scandal

9th Sep 2016 Comments Off on Vermont sues VW over emissions-rigging scandal

MONTPELIER, Vt. – Vermont’s top lawyer is not backing down from auto giant Volkswagen. It was a massive advertising campaign. Print, online and TV ads pushing Volkswagen and Audi’s new “clean diesel” vehicles. “Fraudulent, untrue, misleading statements,” said Vermont Attorney General Bill Sorrell. Sorrell has harsh words for the automaker, accusing the manufacturer of duping customers and regulators by producing diesel […]

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VW’s Emissions Settlement Is a Raw Deal for Its Most Important Customers

29th Jul 2016 Comments Off on VW’s Emissions Settlement Is a Raw Deal for Its Most Important Customers

Today—Tuesday, July 26th—is the court hearing for Volkswagen Group’s preliminary approval of their proposed 2.0L TDI owner settlement (Update: It was approved). In case you haven’t seen the details of the Partial Consent Decree that went public June 28th, it provided buy-back prices for the roughly 470,000 “Clean Diesel” 2.0L TDI powered Volkswagens and Audis (Jettas, Golfs, Beetles, A3s) sold […]

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VW’s Plot to Cheat America Revealed

21st Jul 2016 Comments Off on VW’s Plot to Cheat America Revealed

For the first time the true scale has been revealed of a coldly calculated, deliberate and sustained scheme by scores of Volkswagen executives and engineers to defraud American car buyers and deceive American regulators. The biggest scandal in the 130-year history of the auto industry has been laid bare in a five-count civil complaint against VW announced by New York […]

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Volkswagen Emissions Scandal: Carmaker To Slash Investment By $1.1B A Year, Ramp Up ‘Efficiency Programs’

17th Mar 2016 Comments Off on Volkswagen Emissions Scandal: Carmaker To Slash Investment By $1.1B A Year, Ramp Up ‘Efficiency Programs’

Volkswagen AG announced Tuesday it will slash investment by 1 billion euros ($1.1 billion) a year, in the wake of a massive emissions cheating scandal. The move comes amid continuing criticism of the German carmaker for its handling of the scandal that has affected nearly 11 million cars worldwide and has thrown the company into its biggest-ever crisis. The company also […]

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Lawsuits Are Piling Up Against Volkswagen In Its Home Country

17th Mar 2016 Comments Off on Lawsuits Are Piling Up Against Volkswagen In Its Home Country

A German court said that 70 lawsuits from Volkswagen investors have been filed. The latest, and the biggest so far, was brought Monday by 278 Volkswagen (VLKPY) investors from around the world, including California pension fund CalPers. They seek 3.25 billion euros ($3.6 billion) for losses they say they suffered as a result of the carmaker’s diesel affair. Volkswagen declined […]

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Institutional Investors Hit VW With $3.6B Suit In Germany

17th Mar 2016 Comments Off on Institutional Investors Hit VW With $3.6B Suit In Germany

By Aebra Coe Law360, New York (March 15, 2016, 12:52 PM ET) — Volkswagen AG has been hit with a $3.6 billion lawsuit in Germany in which nearly 300 institutional investors from across the globe accuse the automaker of breaching its duty to the capital markets participants with regard to its emissions scandal, counsel for the investors said Tuesday. The […]

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