Volkswagen diesel emissions scandal News

Carmakers Face UK ‘Dieselgate’ Lawsuits Worth at Least $7.6B, Lawyers Say

Some of the world’s biggest carmakers are facing 1.5 million lawsuits in Britain for allegedly cheating emissions tests that could cost them at least 6 billion pounds ($7.6 billion), claimants’ lawyers told London’s High Court on Tuesday. The claims, brought …

Volkswagen Reaches $54 Million ‘Dieselgate’ Settlement With Italian Owners

Volkswagen and a group representing car owners in Italy have reached an agreement worth more than 50 million euros ($54 million) to end a legal battle over the “dieselgate” emissions scandal, they said on Wednesday. In the settlement, over 60,000 …

Former VW Chief Tells Court He Didn’t Deceive Investors Over Dieselgate

Former Volkswagen chief executive Martin Winterkorn told a German court on Wednesday he did not deceive investors over the carmaker’s rigging of diesel engine emissions tests. It was the first time Winterkorn has spoken about the so-called dieselgate scandal in …

Former VW Executives Ordered to Testify in Investor Lawsuit

A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over the diesel emissions scandal to find out what the top brass knew about the the so-called defeat device used in …

Porsche SE Wins Crucial Ruling in Stuttgart Investor Class-Action Lawsuit

Porsche Automobil Holding SE won a crucial ruling in a €900 million ($976 million) class-action style lawsuit from investors who claimed the company should have warned shareholders about the diesel-emission software rigging at Volkswagen AG. The Stuttgart Higher Regional Court …

VW Investors Approve $339M Deal to Settle Diesel-Scandal Claims Against Former Execs

FRANKFURT – Shareholders in Europe’s largest carmaker Volkswagen on Thursday approved a deal to settle claims against four former executives, including long-time CEO Martin Winterkorn, related to the company’s emissions scandal. The initial deal, which was announced last month and …

VW to Appeal Italy Court Decision Ordering $236M Payment in Dieselgate Class Action

Volkswagen said on Thursday it would appeal against a decision by an Italian court ordering the German group to refund consumers participating in a class action lawsuit over the carmaker’s rigging of diesel emissions tests. Italian consumer group Altroconsumo said …

Volkswagen’s D&O Liability Insurers Agree to Pay €270M of Diesel Emissions Payout

FRANKFURT — Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive 288 million euros ($351 million) in compensation related to its emissions scandal. The …

VW Nears Claims Settlement with Former CEO over Dieselgate Scandal

BERLIN – Volkswagen on Sunday said it had reached the broad outlines of a settlement with former boss Martin Winterkorn over his role in the dieselgate scandal, with the final details to be thrashed out over coming days. Via the …

Spanish Court Orders VW to Pay $20M to Buyers in Diesel Cheating Case

A Spanish court has ordered German carmaker Volkswagen to pay 16.3 million euros ($19.8 million) in compensation to people in Spain who bought cars with emissions-cheating devices installed, consumer group OCU said on Monday. The company will appeal the ruling, …