Volkswagen to pay $175 million to US lawyers suing over emissions
Volkswagen AG , in another step to move past its costly diesel emissions cheating scandal, has agreed to pay $175 million to US lawyers suing the German automaker on behalf of the owners of 475,000 polluting vehicles, two people briefed on the agreement said on Friday.
Oct 15, 2016, 06:47 AM IST
Volkswagen investors seek 8.2 bn euros over 'dieselgate' scandal
Investors say the automaker failed to disclose details of the case in a timely way, leading them to lose money as the group`s share price plunged by 40 percent in two days after the crisis erupted last September.
Sep 21, 2016, 17:52 PM IST
Volkswagen India to recall diesel cars from September: Sources
After a delay of nearly six months, German car maker Volkswagen India is finally embarking on a course correction by recalling the nearly 3.24 lakh diesel cars that were affected by the global diesel emissions scandal, which broke out in the USA in September last year, reports CNBC-TV18.
Sep 03, 2016, 17:14 PM IST
Volkswagen agrees to $14.7 billion payout in US emissions probe
The settlement filed in federal court calls for the German auto giant to either buy back or fix the cars that tricked pollution tests, and to pay each owner up to $10,000 in cash.
Jun 28, 2016, 19:13 PM IST
Volkswagen to pay $10 billion in US over emissions scandal: Source
Volkswagen admitted in September that it had installed software on diesel cars that tricked US emissions tests into showing the cars met environmental standards. After testing, the device switched off, allowing the vehicles to spew up to 40 times the permitted amounts of nitrogen oxides.
Jun 23, 2016, 23:33 PM IST
Volkswagen says top executives ready to accept 'sharp cuts' in bonuses
Volkswagen announced Wednesday that its top executives were willing to accept "sharp reductions" in their annual bonuses as the embattled carmaker struggles to stem the fallout from its massive engine-rigging scandal.
Apr 13, 2016, 17:05 PM IST
US judge gives Volkswagen to April 21 for emissions fix plan
A US judge on Thursday gave Volkswagen until April 21 to come up with a plan to fix some 600,000 cars spewing illegal levels of pollutants due to emissions-cheating software.
Mar 25, 2016, 02:01 AM IST
Investors sue Volkswagen in Germany for more than 3 billion euros
A group of 278 institutional investors from Germany and abroad is suing embattled auto giant Volkswagen for more than 3.0 billion euros (USD 3.3 billion) in damages over the emissions-cheating scandal, their lawyers and the court said Tuesday.
Mar 15, 2016, 21:13 PM IST
Volkswagen says wrongfooted by US going public on emissions
Embattled German automaker Volkswagen believed it could clear up emissions-cheating allegations with US authorities amicably and was caught offguard by them going public instead, a key company document revealed Monday.
Mar 07, 2016, 19:04 PM IST
US judge gives VW a month to present diesel fix plan
A US judge has given Volkswagen one month to present a plan to fix diesel engine cars secretly outfitted with pollution cheat devices.
Feb 26, 2016, 10:40 AM IST
Volkswagen faces huge US lawsuit over pollution cheating
Volkswagen faces potentially huge damages to pay over pollution cheat devices on its diesel-engine cars in a class-action lawsuit filed in a San Francisco court this week.
Feb 24, 2016, 23:24 PM IST
Cars in India not equipped with "defeat device": Volkswagen
The Indian arm of German auto major Volkswagen Thursday denied violation of emission norms in the country and said its cars were not equipped with "defeat device".
Feb 04, 2016, 20:29 PM IST
Emission scandal: Volkswagen says sorry to Indian customers
Volkswagen on Wednesday apologised for the emission scandal in India and reiterated that its cars follow the country's norms.
Feb 03, 2016, 15:36 PM IST
Don't sell cars with cheat device: NGT to Volkswagen
A bench headed by Justice U D Salvi directed the company to give in writing that it would sell only those vehicles which comply with all emission norms as applicable.
Jan 06, 2016, 16:58 PM IST
NGT seeks undertaking from Volkswagen; asks not to sell vehicle in India with cheat device
The auto maker has been found to have deployed this device to cheat on emission tests in cars sold in various countries.
Jan 06, 2016, 13:21 PM IST
Major International biz events
Here are the major International biz events of 2015
Dec 16, 2015, 17:29 PM IST
Pollution cheating dates back to 2005: Volkswagen
Volkswagen said Thursday the roots of the global pollution-cheating scandal it is currently engulfed in date back to 2005, and while the current situation was difficult, it would not break the company.
Dec 10, 2015, 21:53 PM IST
Volkswagen emmission scandal: Penalty decision after IIT panel view, says Gadkari
The auto maker has been found to have deployed this device to cheat on emission tests in cars sold in various countries.
Dec 04, 2015, 14:49 PM IST
Volkswagen car sales tumble almost 20% in Britain
There were 12,958 new registrations of Volkswagen branded vehicles in November.
Dec 04, 2015, 14:48 PM IST
Volkswagen says cars in India not equipped with 'defeat device'
A government-ordered probe here also found violations on the part of the company, following which Volkswagen earlier on Monday announced recall of 3,23,700 vehicles sold in India between 2008 and 2015.
Dec 03, 2015, 20:38 PM IST
