Tag Archives: Volkswagen

Volkswagen Moves Toward Ending Gas-Powered Cars

Reuters reports: Volkswagen will develop its final generation of vehicles using combustion engine technology in 2026, the company’s strategy chief said today. VW made a strategy shift toward battery-driven vehicles in the wake of a damaging diesel-emissions cheating scandal in 2015, which forced the carmaker to pay billions of dollars in fines for hiding excessive pollution. “In the year 2026 …

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Federal Appeals Court Upholds Volkswagen’s $10 Billion “Dieselgate” Settlement, Nissan Admits Falsifying Data

Reuters reports: A federal appeals court on Monday upheld Volkswagen’s $10.03 billion settlement with the owners of nearly 500,000 polluting diesel vehicles announced in 2016. The three-judge panel of the U.S. 9th Circuit Court of Appeals said, in dismissing a number of objections to the settlement, that it “delivered tangible, substantial benefits to class members, seemingly the equivalent of — …

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REPORT: Trump Set To Ban German Auto Imports

CNBC reports: President Donald Trump is preparing to impose a total ban on German luxury carmakers from the U.S. market, according to an exclusive report by German magazine WirtschaftsWoche. Citing several unnamed U.S. and European diplomats, the weekly business magazine reported that Trump told French President Emmanuel Macron last month he would maintain his trade policy with the aim of …

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Feds Indict Six Volkswagen Executives In Emissions Fraud Scandal As Company Agrees To Pay $4.3B Fine

So much for “clean diesel.” NBC News reports: Volkswagen will pay a $4.3 billion penalty for diesel emissions rigging, the U.S. Justice Department and several other federal agencies announced on Wednesday. As a result of the criminal investigation into the diesel scandal, regulators also revealed that six executives have been indicted on charges ranging from wire fraud to conspiracy to …

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