Volkswagen Emission Deal

The announcement is aimed at addressing criticism that the government was toothless in dealing with Volkswagen after a scandal that affected 1.2 million cars in Britain.

A US-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.

In a new development in the infamous Volkswagen Dieselgate scandal that rocked the automotive community a few years ago, a federal judge in California has ruled that he would approve a $1.2 billion settlement for a section of the cars that were affected by the emissions cheating. The settlement is for the last 80,000 cars that are fitted with the l...

German prosecutors said Friday they were investigating Volkswagen's former chief executive Martin Winterkorn on suspicion of fraud over the "dieselgate" emissions cheating scandal, dealing a blow to the auto giant's attempts to move on from the crisis.

The settlement deal covered luxury VW, Audi and Porsche vehicles with 3.0-litre engines, meaning Volkswagen has now agreed to spend as much as $17.5 billion in the US to resolve claims from owners as well as federal and state regulators over polluting diesel vehicles.

A $15 billion settlement over Volkswagen's emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval to a deal that includes an option for owners to have the carmaker buy back their vehicles.

Volkswagen CEO Matthias Muller had said in 2015 that funds set aside to deal with the emissions scandal might not be enough and that lay-offs were likely to follow.

Volkswagen has reached a deal with US authorities to settle the case over its cheating of diesel emissions tests that would involve it paying each affected customer $5,000, Germany's Die Welt newspaper reported on Wednesday.

Volkswagen AG and US officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade US emission rules, two people briefed on the matter said on Wednesday.

The top US environmental official expressed uncertainty on Tuesday about whether the Obama administration and Volkswagen AG (VW) will meet an April 21 court deadline to come up with a plan to address excess emissions from 580,000 diesel vehicles sold in the country.

Volkswagen (VW) has begun recalling millions of its diesel cars fitted with devices designed to cheat emission tests in Europe after German authorities gave the green light to their recall plan. The scandal-hit German carmaker, however, is no closer to a deal with US officials over how to fix the affected cars owned by American consumers.

According to Die Welt, the European Commission recently discovered that VW's cheating on emissions tests caused the group to violate consumer laws in 20 countries in the European Union.

The announcement is aimed at addressing criticism that the government was toothless in dealing with Volkswagen after a scandal that affected 1.2 million cars in Britain.

A US-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.

In a new development in the infamous Volkswagen Dieselgate scandal that rocked the automotive community a few years ago, a federal judge in California has ruled that he would approve a $1.2 billion settlement for a section of the cars that were affected by the emissions cheating. The settlement is for the last 80,000 cars that are fitted with the l...

German prosecutors said Friday they were investigating Volkswagen's former chief executive Martin Winterkorn on suspicion of fraud over the "dieselgate" emissions cheating scandal, dealing a blow to the auto giant's attempts to move on from the crisis.

The settlement deal covered luxury VW, Audi and Porsche vehicles with 3.0-litre engines, meaning Volkswagen has now agreed to spend as much as $17.5 billion in the US to resolve claims from owners as well as federal and state regulators over polluting diesel vehicles.

A $15 billion settlement over Volkswagen's emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval to a deal that includes an option for owners to have the carmaker buy back their vehicles.

Volkswagen CEO Matthias Muller had said in 2015 that funds set aside to deal with the emissions scandal might not be enough and that lay-offs were likely to follow.

Volkswagen has reached a deal with US authorities to settle the case over its cheating of diesel emissions tests that would involve it paying each affected customer $5,000, Germany's Die Welt newspaper reported on Wednesday.

Volkswagen AG and US officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade US emission rules, two people briefed on the matter said on Wednesday.

The top US environmental official expressed uncertainty on Tuesday about whether the Obama administration and Volkswagen AG (VW) will meet an April 21 court deadline to come up with a plan to address excess emissions from 580,000 diesel vehicles sold in the country.

Volkswagen (VW) has begun recalling millions of its diesel cars fitted with devices designed to cheat emission tests in Europe after German authorities gave the green light to their recall plan. The scandal-hit German carmaker, however, is no closer to a deal with US officials over how to fix the affected cars owned by American consumers.

According to Die Welt, the European Commission recently discovered that VW's cheating on emissions tests caused the group to violate consumer laws in 20 countries in the European Union.