A court in Braunschweig, Germany on Thursday said it had opened proceedings against former Volkswagen Chief Executive Martin Winterkorn examining whether he is guilty of market manipulation as part of an emissions scandal. Winterkorn and other Volkswagen executives face charges for their role in allowing diesel cars with excessive pollution levels to hit the road, and for failing to inform investors about the extend of the emissions fraud. The court is examining whether Volkswagen
Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Monday. The U.S. Department of Justice, Environmental Protection Agency and the California attorney general’s office say Daimler violated environmental laws by using so-called “defeat device software” to circumvent emissions testing and sold about 250,000 cars and vans in the U.S. with diesel engine
U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday . Volkswagen agreed to offer to buy back or repair more than 550,000 polluting diesel U.S. vehicles after it admitted in 2015 that it used secret software to cheat emissions tests. Volkswagen paid more than $9.5 billion to U.S. consumers, while VW diesel supplier Robert Bosch [ROBG.UL] paid more than $300 million to U.S. consumers.