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On 11 January 2017, Volkswagen agreed to plead guilty to the emissions-cheating scandal and to pay $4.3 billion in penalties. Six Volkswagen executives were charged. [ 37 ] [ 38 ] The following day, one of the indicted executives was ordered to be held without bail pending trial as it was feared that he would flee to Germany and extradition ...
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 ...
In a long interview with editors of the weekly newspaper Die Zeit in June 2021, Cavallo spoke about controversial high salary payments to the Works Councils and the effects of the Volkswagen emissions scandal. She is also concerned about xenophobic incidents at the Volkswagen Zwickau-Mosel Plant. Because of her origins as the daughter of a ...
Roughly 60 Americans have died or will die prematurely due to excess emissions from Volkswagen diesel vehicles, according to research.
Volkswagen said Tuesday about 11 million of its cars were fitted with Type EA 189 engines that had shown a "noticeable deviation" in emission levels between testing and road use. The company sold ...
As outrage over the Volkswagen emissions-cheating scandal fades, the refurbished diesel vehicles are trickling back into the marketplace, and bargain hunters may want to snap them up. In 2015 ...
[5] [6] In September 2015, the EPA said Volkswagen could be liable for up to $18 billion in penalties for using software on almost 500,000 VW and Audi diesel cars sold between 2009 and 2015 that circumvented emissions regulations, [7] unleashing a controversy that led to multiple regulatory probes worldwide.
Volkswagen official Oliver Schmidt has been sentenced to seven years in prison and handed down a $400,000 fine. In August, the former Volkswagen manager in Michigan pleaded guilty for his role in ...