The former head engineer at Volkswagen Group, Wolfgang Hatz, has reportedly been arrested by German authorities for his role in the massive dieselgate scandal that saw millions of vehicles roll out from VW Group brands with illegal software. Hatz was employed by Volkswagen Group as an engine developer for Audi […]
Volkswagen dieselgate
Volkswagen to pay US$1.2 billion in 3.0 TDI settlement
Late last week a federal judge in the U.S. granted final approval for Volkswagen AG to pay at least $1.22 billion to either fix or buy back affected 3.0 TDI V6 vehicles. The vehicles include various Volkswagen, Porsche and Audi models. The court hearing took place in San Francisco and […]
Volkswagen officially a felon in the US, pleads guilty to criminal conduct
Volkswagen Group has pleaded guilty to three felonies in the United States, including conspiracy, obstruction of justice, and introducing imported merchandise into the USA by means of false statements. This essentially makes Volkswagen Group a felon. The automotive giant pleaded guilty on Friday in U.S. District Court, following the uncovering […]
Volkswagen dieselgate U.S. dealership case settled in US$1.2b deal
Volkswagen has had a settlement worth $1.21 billion officially approved by a judge in the U.S. The settlement in question is in relation to the 650 U.S. Volkswagen dealerships that filed for damages in the aftermath of the dieselgate scandal. U.S. District Judge Charles Breyer earlier this week gave the […]
Ex-VW boss Winterkorn denies knowing about defeat devices
Volkswagen’s ex-CEO, Prof. Dr. Martin Winterkorn, has told German lawmakers he was unaware of the existence of any defeat devices fitted to 11 million VW vehicles before late August, 2015. Winterkorn, who has since resigned from his position as CEO, stated it was “incomprehensible why I wasn’t informed early and […]
Volkswagen negotiates $4.3b deal with U.S. Justice Department
Volkswagen has negotiated the terms of a criminal and civil settlement with the U.S. Justice Department worth $4.3 billion, according to reports. The settlement, now in a concrete draft format, is still pending approval by Volkswagen’s board of management and supervisory boards. It would see Volkswagen plead guilty to a […]
Volkswagen settles on $1 billion buy-back or fix plan for 3.0 TDI engines in U.S.
Volkswagen has reached an agreement with U.S. regulators, agreeing to a $1 billion settlement in regard to its 3.0-litre TDI engines embroiled in the dieselgate scandal. The $1 billion settlement includes plans to fix, or buy back the 80,000 vehicles equipped with VAG’s 3.0-litre TDI unit, and is in addition […]
Volkswagen to contribute $200 million to pollution fund in U.S.
Volkswagen has agreed to contribute as much as US$200 million into a pollution reduction fund in the U.S. in the ongoing aftermath of the dieselgate emissions scandal. A source closely involved on the settlement told Reuters that Volkswagen agreed to the payment as part of a wider agreement related to […]