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According to this study, which was publish at The Journal of Industrial Economics the Volkswagen emissions scandal had a statistically significant negative effect on the number of transactions in the secondary market involving the affected models (nearly -18 percent) and on their resale price (nearly -6 percent). The study also find that the ...
Projects funded with the settlement money were meant to reduce the amount of NOx emissions, because that was the pollutant on which Volkswagen was charged with trying to fool regulators.
In 2016, a U.S. judge approved Volkswagen's $14.7 billion settlement with regulators and the owners of 475,000 VW vehicles, which used secretly installed software to cheat diesel-emissions tests.
A federal judge has ruled in favor of Volkswagen in lawsuits brought against the automaker by two U.S. counties over its diesel emissions cheating scandal. U.S. District Judge Charles Breyer in ...
In January 2017, VW pleaded guilty to the emissions scandal and agreed to pay US$4.3 billion in penalties. As of January 2019, 13 VW employees have been indicted, including former CEO Martin Winterkorn. In addition, two former executives (Oliver Schmidt and James Robert Liang) have pleaded guilty in US court and sentenced to prison terms. [10] [11]
The 2009 Volkswagen Jetta Diesel Sedan was awarded Green Car of the Year.The award was rescinded in early October 2015. On 18 September 2015, the United States Environmental Protection Agency (EPA) said beginning in 2008 the car maker fraudulently installed engine control unit (ECU) software determined to be a "defeat device", in violation of the Clean Air Act, to circumvent environmental ...
The Justice Department on Thursday charged the U.S. business of Fiat Chrysler Automobiles with criminal conspiracy in its multi-year emissions fraud probe surrounding vehicles with diesel engines.
WASHINGTON (Reuters) -The U.S. Supreme Court on Monday rejected Volkswagen AG's bid to avoid lawsuits filed by officials in three states seeking damages stemming from the German automaker's diesel ...