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Volkswagen - Page 3

Volkswagen: We thought scandal wouldn't cost much

Volkswagen may now be facing tens of billions in fines, according to analysts. Ref. Source 6k.

Volkswagen

FTC sues Volkswagen over 'deceptive' diesel claims

The lawsuit compounds the German automaker's troubles in the U.S., where it is already facing a criminal probe and numerous lawsuits after it admitted that it rigged more than half a million vehicles with software to cheat emissions regulations. Ref. USAToday.

Volkswagen History & Civil Business Politics

VW agrees to settlement deal that includes "Substantial compensation" for consumers, option to get cars fixed

Volkswagen has also agreed to establish a fund to "Promote green automotive" initiatives, U.S. District Court Judge Charles R. Breyer says. Ref. USAToday.

Page 3 Volkswagen

German car giant Volkswagen is cutting 30,000 jobs as it tries to boost profits in the wake of a huge emissions scandal. Ref. CNN.

Volkswagen

U.S. Judge orders Volkswagen to pay $2.8 billion criminal fine for cheating emissions tests

The $2.8 billion fine is part of a larger $4.3 billion settlement reached in January between Volkswagen and the U.S. Justice Department. By imposing the fine, and accepting Volkswagen's agreement to be overseen by a federal monitor, the judge also accepted the deal between the government and the company. The judge said the penalty is large enough, even though Volkwagen's offenses, spanning a decade were intentional. Ref. USAToday.

Volkswagen

That is a pretty good fine that Volkswagen has to pay. I hope that this helps correct the emission issues that they seem to be having.