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Carmaker Stellantis (STLA.MI) said on Thursday that its French Citroen unit had been charged with consumer fraud by French prosecutors in a far-reaching diesel emissions probe. Citroen would have to make a deposit of 8 million euros and provide a
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Former Chairman of the Board (CEO) Martin Winterkorn agreed to return €11.2 million (U.S. $13.6 million), while former Audi CEO Rupert Stadler will pay back €4.1 million (U.S. $5 million). Volkswagen had announced in March it would seek damages from
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Citroen became on Thursday the fourth automaker to reveal this week that it has been charged in France in connection with the widening “dieselgate” emissions cheating scandal. The French automaker was charged by authorities over allegations of “deception” related to
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Volkswagen will receive around $350 million as part of a settlement with executives who ran the company during the Dieselgate emissions cheating scandal, after claiming they breached their “duty of care.” Former CEO Martin Winterkorn has agreed to pay the
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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 settlement came
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German automaker Volkswagen said Wednesday that it has been charged in France over alleged cheating on emissions testing, as its former CEO was accused in Berlin of making false statements over the “dieselgate” scandal. In a statement a day after
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BERLIN—Former Volkswagen AG Chief Executive Martin Winterkorn and other executives will pay the company a total of $351 million to settle lawsuits for their alleged roles in a decadelong emissions fraud that continues to cast a shadow over the car
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French carmaker Renault (RENA.PA) said on Tuesday French judicial authorities have charged the firm with deception over a diesel emissions probe launched in 2017. Renault said the company has been ordered to make a 20 million euros ($24.36 million) deposit
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(Reuters) — Volkswagen AG 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
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Article 0 Comments 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
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