Tag: Volkswagen shares

• Tuesday, April 16th 2019 - 06:37 UTC

  Diesel emissions scandal: Volkswagen's ex CEO charged in Germany

  

  The former chief executive of the carmaker Volkswagen has been charged in Germany over his involvement in the company's diesel emissions scandal. The public prosecutor in Braunschweig charged Martin Winterkorn and four other managers with fraud. VW said it would not comment on the indictments.

• Tuesday, January 5th 2016 - 08:22 UTC

  US Justice Department seeking billions of dollars from Volkswagen, Audi and Porsche

  

  The United States Justice Department has filed a federal lawsuit against Volkswagen, Audi and Porsche that seeks billions of dollars in penalties over claims that the car companies installed devices to deliberately misreport emissions. Nearly 600,000 diesel-engine vehicles were installed with these devices since 2009.

• Tuesday, September 29th 2015 - 07:26 UTC

  Audi admits 2.1 million of its cars are fitted with emissions cheating software

  

  Luxury car brand Audi has confirmed that 2.1 million of its cars around the world were outfitted with software that enabled them to cheat emissions standards. The announcement clarifies Audi's role in the diesel emissions scandal roiling its parent company, Volkswagen.

• Thursday, September 24th 2015 - 08:49 UTC

  Aftershock fears for the symbol 'Made in Germany', following VW' scandal

  

  Cars and the environment are two things that Germany cares so deeply about that they form part of the national character. So Germans are shocked to discover that for years the country's mightiest car manufacturer Volkswagen has been rigging environmental tests for diesel emissions in the US.

• Wednesday, September 23rd 2015 - 07:58 UTC

  Volkswagen admits 11 million cars worldwide equipped with “cheating software”

  

  The scandal that has undermined Germany's Volkswagen in the United States spread to its core market of Europe on Tuesday, after the company admitted that eleven million of its diesel cars worldwide were equipped with software that was used to cheat on emissions tests in the US.