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Volkswagen has failed in its appeal to have dismissed the record $125 million ‘Dieselgate’ fine handed down by Australia’s Federal Court in December 2019. The fine was issued by Justice Lindsay Foster, who described an earlier settlement of $75 million
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Volkswagen has failed in its appeal to have dismissed the record $125 million ‘Dieselgate’ fine handed down by Australia’s Federal Court in December 2019. The fine was issued by Justice Lindsay Foster, who described an earlier settlement of $75 million
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Australia’s federal court has dismissed an appeal from Volkswagen concerning a $125 million AUD ($95.2 million USD) fine that was imposed to it. The fine was set by the federal court for the automaker’s Dieselgate scandal, which ruled the company
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In a statement, Winterkorn’s lawyers rejected the Supervisory Board’s accusations, and Stadler’s lawyers made no comment. The allegations come following Volkswagen Group’s investigation led by the law firm Gleiss Lutz and following the examination of 1.6 million files and over
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Daimler’s board faced some tough questions about dieselgate during the annual meeting. A poorly received April Fools’ Day joke by Volkswagen about changing the company’s name blew up in VW’s face this week and wound up serving as a reminder
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German carmaker Volkswagen AG will seek damages for the diesel emissions scandal from ex-Chief Executive Martin Winterkorn and former Audi boss Rupert Stadler, claiming that they breached their duty of care under the stock corporation law, Carandbike reported citing Reuters.
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The board Friday announced its decision to assert claims for damages based on expert opinion that concluded negligent breaches of duty had occurred. Both Stadler and Winterkorn breached duty of care under stock corporation law, according to the board. A
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Volkswagen will claim damages from former chief executive Martin Winterkorn and former Audi boss Rupert Stadler over its diesel emissions scandal, the carmaker has said. According to Reuters, the automaker said, following a far-reaching legal investigation, it had concluded Winterkorn
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The German car giant has named two former bosses as the main culprits responsible for the ‘Dieselgate’ saga. Volkswagen Group has announced it will seek damages from its former CEO, Prof Martin Winterkorn, after a six-year investigation. Wintekorn was named
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The Volkswagen Group has wrapped a multiyear internal investigation into Dieselgate, and it says it will try to pry compensation from former CEO Martin Winterkorn and former Audi CEO Rupert Stadler to make up for some of the massive financial
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