Tags: Volkswagen

Volkswagen is set to pay $4.3 Billion in fines for cheating US emissions tests with defeat devices in their diesel engine vehicles.

Europe's biggest carmaker is facing the lawsuit by consumer rights over illicit software that cheated emmisions tests.

The world's largest wealth fund is planning to sue Volkswagen AG in a rare legal action from Norway's $850bn oil fund that underscores investor anger over the emissions scandal at the German carmaker.