All posts tagged "Volkswagen"
Volkswagen pleads guilty, agrees to $4.3 billion fine
DETROIT – Volkswagen pleaded guilty Friday to conspiracy and obstruction of justice and agreed to pay a $4.3 billion penalty for a brazen scheme to program nearly 600,000 vehicles to cheat on U.S. emissions tests. The criminal...
- Posted March 10, 2017
VW makes $5.4 billion profit in 2016, limits executive pay
BERLIN — Volkswagen bounced back into the black in 2016 after suffering a loss the previous year due to the diesel emissions scandal, according to figures released by the German automaker Friday. The company reported a net...
- Posted February 24, 2017
Judge gives OK to deal for smaller set of cheating VWs
The company has acknowledged that the cars were programmed to turn on emissions controls during government lab tests and turn off the controls while on the road
- Posted February 14, 2017
VW to Pay $1.2 Billion or More to US Owners of Big Diesels
The deal must still get court approval to take effect
- Posted February 1, 2017
VW Likely to Win Global Sales Crown as Toyota Growth Slows
Toyota reported Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen's 10.31 million
- Posted January 30, 2017
German Prosecutors Widen Volkswagen Emissions Probe
BERLIN — Prosecutors in Germany said Friday they are expanding their probe into Volkswagen’s scandal over diesel cars that cheated on emissions tests. As well as increasing the number of suspects, prosecutors said they have evidence former...
- Posted January 27, 2017
Auto show concepts: Would you build them or forget them?
A look at some of the concept vehicles on display at the North American International Auto Show
- Posted January 13, 2017
VW Admits Emissions Cheating and Cover-Up, Will Pay US $4.3B
WASHINGTON – Six high-level Volkswagen employees have been indicted by a grand jury in the company’s diesel emissions cheating scandal, as the company admitted wrongdoing and agreed to pay a record $4.3 billion penalty. The federal indictments...
- Posted January 11, 2017
Volkswagen: Draft deal in scandal contains $4.3B in fines
Under the proposed settlement Volkswagen would agree to "a guilty plea" to criminal law provisions
- Posted January 10, 2017
International Auto Show unveils buzz-worthy lineup
From GMC to Lexus, a look at some of the most show-stopping vehicles from the North American International Auto Show
- Posted January 9, 2017