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The Volkswagen emissions scandal, sometimes known as Dieselgate ... VW UK settled UK class action claims from ... The settlement also includes $2.7 billion for ...
The Volkswagen XL1, with potential mileage as high as 261 mpg ‑US (0.9 L/100 km), is the most fuel-efficient car in the world.. In 1974 Volkswagen paid a $120,000 fine to settle a complaint filed by the Environmental Protection Agency over the use of so-called "defeat devices" that disabled certain pollution-control systems.
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]
Volkswagen agreed to a $14.7 billion settlement, which included $2.7 billion for an independent mitigation trust that would be administered by local governments in an effort to reduce NOx ...
Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess traveled to the United States last week to testify to authorities there about the carmaker's emissions scandal, German newspaper Bild reported ...
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Standard & Poor's downgrades the UK credit rating from AAA to AA with a negative outlook. Fitch follows by downgrading UK from AA+ to AA. (The Guardian) Volkswagen emissions scandal. Volkswagen faces settlement costs of $15 billion to settle lawsuits in the United States resulting from the rigging of emissions tests.
Oliver Schmidt (born January 9, 1969) [1] [2] is a German engineer, former senior executive for Volkswagen in Germany and the United States as well as a convicted felon. In December 2017, Schmidt was sentenced to 84 months (7 years) in federal prison for his role in the Volkswagen emissions scandal. [3]