Volkswagen will plead guilty for three felony counts and willingly stated that they will buyback about 500,000 cars in question, but delays will pursue because of the overwhelming requests.
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.
Daimler AG begins its internal emission investigation at the request of the US regulators. The automaker unveiled its review process into the probable signs of wrongdoings.
The battle is not over for Volkswagen. Department of Justice said criminal investigation on the company's misconduct is still ongoing, while the company will also face similar investigation in other countries.
Volkswagen reportedly reached an agreement to settle the dieselgate scandal before the court-appointed deadline. A source close to the agreement said that VW has reached a settlement to avoid U.S. federal trial over the summer.
Volkswagen announced a U.S. deal to buy back or potentially fix about a half million polluting diesel cars and set up environmental and consumer compensation funds.
German carmaker has reached an agreement with judge to pay settlement to its U.S. customers related to its emission scandal. VW also has to fix its 600,000 diesel cars sold in the United States.
German automaker Volkswagen is now planning on increasing the budget it had intended for the the Dieselgate scandal. The company is exerting all efforts in order to avoid any court trial as well as bringing back its old glory.
Volkswagen will have to buy some cars installed with defeat device it can no longer fix. The device was installed to almost 11 million cars sold worldwide to deceive the emission tests. The company is expected to shell out billions of dollars to resove the issue.
Volkswagen will be facing the US court this week to discuss their solutions on the over 500,000 diesel cars affected with the faulty emission devices. Apart from the trial they're facing, the company is also facing dozens of lawsuits from owners of the defetive cars and from EPA.
Volkswagen is recalling 800,000 SUVs that are believed to be designd with faulty pedals. Volkswagen is also recalling Porsche units over the same problem.
U.S. lawfirm Hausfeld will pursue claims of European customers harmed by Volkswagen's emissions scandal. In a letter to VW's top players, the firm requested a meeting to discuss European customers claims.
Over 300 institutional investors have unified cause to file Volkswagen a multi-billion lawsuit for failing to comply to its stock market duty in an emissions cheating scandal in Germany.
Germany 's pioneer car maker, Volkswagen, is now facing a 3.3 billion euro lawsuit. The case was filed due to the company's cover-up regarding its diesel polluting engine.
U.S. justice authorities have issued a new subpoena to Volkswagen over its emissions cheating under laws governing bank fraud, a person close to the matter.
Volkswagen said that it did not violate financial market disclosure rules. It also claimed that the German carmaker was too slow to inform investors about the rigging of diesel emissions test.
One of Europe's prime carmaker company, Volkswagen, hired a German law firm in addition to US firm Jones Day to evaluate possible liabilities for their diesel omission test case. District Judge Charles Breyer also ordered the company to provide updates on possible fix within one month.
