Volkswagen set to plead guilty Friday in emissions case

By David Shepardson WASHINGTON, Mar 9 : Volkswagen AG is set to plead guilty on Friday to three felony counts in the Justice Department’s diesel emissions investigation, as the German automaker seeks to move past its cheating scandal. As part of a plea agreement with U.S. prosecutors announced in January, the company agreed to sweeping […]

VW launches U.S. electric vehicle infrastructure unit

By David Shepardson WASHINGTON, Feb 8 : Volkswagen Group of America announced a U.S. subsidiary that will manage $2 billion in investments in zero emission vehicle (ZEV) infrastructure and awareness programs over a decade as part of a court settlement on its excess diesel emissions. The world’s largest automaker by sales said the unit plans […]

VW shareholders call for reforms in wake of 4.3 bln dollars US deal

By Edward Taylor FRANKFURT, Jan 12 : Volkswagen investors demanded greater transparency and reforms at the carmaker after it admitted to criminal offences in rigging U.S. emissions tests and U.S. prosecutors indicted six current and former managers over the scandal. The German company agreed to pay $4.3 billion in civil and criminal fines in a […]

VW faces reforms, oversight for 3 yrs under US settlement

By David Shepardson WASHINGTON, Jan 13 : Volkswagen AG, as part of a $4.3 billion settlement with U.S. regulators, agreed to sweeping reforms, new audits and oversight by an independent monitor for three years to resolve diesel emissions cheating investigations. Under the settlement of charges it installed secret software in U.S. vehicles to allow them […]

US judge delays sentencing of VW employee aiding in emission probe

By David Shepardson WASHINGTON, Jan 4 : A federal judge delayed the sentencing a German man who is the only person to face US criminal charges over Volkswagen’s diesel emission cheating scandal, as he cooperates with prosecutors still investigating the matter. In September, James R. Liang, who has worked for Volkswagen since 1983 and was […]

VW agrees to pay $200 million into US pollution reduction fund

By David Shepardson WASHINGTON, Dec 17 : Volkswagen AG has agreed to pay more than $200 million into a fund created to cut diesel pollution, part of its agreement over about 80,000 3.0-liter diesel vehicles that emitted more than the U.S. legal limit, a person briefed on the settlement told Reuters. The agreement is expected […]