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The Dieselgate emissions scandal
Volkswagen (VOWG_p.DE) 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 settlement,
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Former Volkswagen boss Martin Winterkorn has agreed to pay roughly €10 million ($12 million) to the carmaker, as the latter concluded that he had breached his duty of care. Winterkorn resigned as CEO on September 23, 2015, a week after
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In March we reported that Volkswagen Group was in hot pursuit of its former CEO Martin Winterkorn, as well as former Audi CEO Rupert Stadler, in the hopes of suing both parties over damages relating to the infamous ‘Dieselgate’ scandal.
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Germany-based Volkswagen AG’s former Chief Executive Martin Winterkorn has agreed to pay around €10 million (($12 million) in damages to the carmaker over the diesel emissions scandal, Reuters reported citing Business Insider. In March, Volkswagen said that it will seek
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FRANKFURT (Reuters) – Former Volkswagen chief Martin Winterkorn has agreed to pay around 10 million euros ($12 million) in damages to the carmaker over the diesel emissions scandal, Business Insider reported on Monday. Volkswagen had said in March it would
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Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker’s emissions scandal in Berlin, Germany, January 19, 2017. REUTERS/Hannibal Hanschke/File Photo Former Volkswagen (VOWG_p.DE) chief Martin Winterkorn has agreed to pay around 10
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Millions of British drivers who own diesel vehicles are being invited to claim compensation over alleged emissions cheating. About 9.6 million diesel vehicles could be affected, with a payout of up to £12,000 a driver. If one in three owners
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Millions of British drivers who own diesel vehicles are being invited to claim compensation over alleged emissions cheating. About 9.6 million diesel vehicles could be affected, with a payout of up to £12,000 a driver. If one in three owners
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The software, known in the auto industry as a “defeat device,” is prohibited under the Clean Air Act. In Volkswagen’s case, it sensed when a vehicle was being tested for compliance with applicable emissions standards. Once certain inputs were recognized
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That journey began when VW finally admitted to installing defeat devices in more than 500,000 U.S. cars, was fined more than $4 billion, and was forced into arguably the most high-profile compliance monitorship on record. VW’s three-year monitorship, which lasted
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