Volkswagen offers 830 million euros to compensate German buyers

Volkswagen said it will compensate owners of its heavily polluting diesel vehicles in Germany in a settlement that will cost the German carmaker 830 million euros......»»

Category: topSource: reutersFeb 14th, 2020

Germany"s Bosch fined $100 million over diesel scandal

German prosecutors have fined auto components and technology company Robert Bosch GmbH 90 million euros ($100 million) over its role in the diesel emissions scandal that erupted at Volkswagen in 2015......»»

Category: topSource: foxnewsMay 23rd, 2019

VW could face further fines from German authorities

BRAUNSCHWEIG, Germany (Reuters) - Volkswagen could face additional fines in Munich and Stuttgart on top of the 1 billion euros ($1.2 bln) it has been told to pay for management lapses which caused emissions cheating on 11 million VW diesel cars......»»

Category: topSource: reutersJun 14th, 2018

German court orders Volkswagen to pay MAN minorities 300 million euros

MUNICH (Reuters) - A German court has ordered auto maker Volkswagen AG's truck unit to pay 300 million euros ($350 million) to shareholders in MAN SE , ending a long-running court battle over its buyout offer......»»

Category: topSource: reutersJun 29th, 2018

German prosecutors fine Audi 800 million euros for diesel violations

German premium car brand Audi, a division of Volkswagen , said it was fined 800 million euros ($927 million) on Tuesday for violations tied to heavily polluting six- and eight-cylinder diesel engines......»»

Category: topSource: reutersOct 16th, 2018

Audi fined nearly $1 billion for diesel violations

German premium car brand Audi, a division of Volkswagen (VOWG_p.DE), said it was fined 800 million euros ($927 million) on Tuesday for violations tied to heavily polluting six- and eight-cylinder diesel engines......»»

Category: topSource: moneycentralOct 16th, 2018

Audi fined 800 mln euros for diesel violations

German premium car brand Audi, a division of Volkswagen, said it was fined 800 million euros on Tuesday for violations tied to six- and eight-cylinder diesel engines which did not confo.....»»

Category: videoSource: reutersOct 16th, 2018

German court orders top VW investor to pay damages for disclosure violations

A German court on Wednesday ordered Porsche Automobil Holding SE to pay shareholders 47.2 million euros ($53.8 million) in compensation for violating disclosure rules over an emissions scandal at its main investment Volkswagen ......»»

Category: topSource: reutersOct 24th, 2018

Volkswagen seeks damages from Prevent in ongoing legal dispute

Volkswagen is seeking more than 100 million euros ($112 million) in damages from former supplier Prevent, it said on Tuesday, adding it had filed a first claim for one of its subsidiaries......»»

Category: topSource: reutersJan 7th, 2020

Daimler sued for $1 billion in German court over diesel cheating

Investors have sued Daimler for 896 million euros ($1 billion) in a regional court in Stuttgart, accusing the carmaker of concealing its use of emissions cheating software, German law firm TILP said on Tuesday......»»

Category: topSource: reutersJan 7th, 2020

Volkswagen Hit With $86.2 Million Fine For Emissions Cheating

German car-maker Volkswa.....»»

Category: blogSource: benzingaDec 20th, 2019

Volkswagen takes one-two punch in Australia with fine, lawsuit

Volkswagen AG took two raps in Australia on Friday as a court slapped a A$125 million ($86 million) fine on the German car maker as part of a global emissions cheating scandal and a regulator launched a civil lawsuit against a unit......»»

Category: topSource: reutersDec 20th, 2019

VW"s German plants need to shape up, says production chief

Volkswagen's German plants need to boost efficiency to match overseas operations, production chief Andreas Tostmann was quoted as saying, targeting 2 billion euros ($2.2 billion) in savings by 2023......»»

Category: topSource: reutersDec 8th, 2019

Dow Jones Newswires: Innogy cuts guidance due to E.On takeover

The German utility made a net profit of 527 million euros ($580 million) in the first nine months of the year, up from EUR217 million......»»

Category: topSource: marketwatchNov 28th, 2019

Germany fines BMW, Daimler, Volkswagen for forming steel cartel

Germany's cartel authority said on Thursday it was fining the country's three major carmakers - BMW , Volkswagen and Daimler - a total of 100 million euros ($110.84 million) for unlawful actions in relation to steel purchases......»»

Category: topSource: reutersNov 21st, 2019

Dow Jones Newswires: Lanxess profit falls amid weaker automative demand

The German specialty-chemical company said that net profit dropped 14% to 69 million euros ($76.1 million) from EUR80 million in the same period last year......»»

Category: topSource: marketwatchNov 13th, 2019

Dow Jones Newswires: Deutsche Post earnings rise as revenue grows in all divisions

The German freight-and-logistics group reported net profit of 561 million euros ($618.8 million) for the period, nearly three times higher than the EUR146 million result posted during the same period the year previous......»»

Category: topSource: marketwatchNov 12th, 2019

Dow Jones Newswires: HeidelbergCement backs 2019 view despite profit slip

The German cement maker (TICKER:DE:HEI)┬ásaid net profit for the period declined to 752 million euros ($839.5 million) from EUR915 million a year earlier......»»

Category: topSource: marketwatchNov 7th, 2019

Dow Jones Newswires: Wirecard posts profit and revenue rises

Net profit at the German payments company was 149.2 million euros ($165.6 million) in the quarter, compared with EUR94.9 million in the year-earlier quarter......»»

Category: topSource: marketwatchNov 6th, 2019

Thyssenkrupp to invest $279 million at shipbuilding division

Thyssenkrupp plans to invest 250 million euros ($279 million) at its unit that builds submarines and warships, the German industrial conglomerate said on Monday......»»

Category: topSource: reutersNov 4th, 2019

Dow Jones Newswires: Siemens Healthineers reports higher profit and revenue

The German medical-equipment maker said net profit rose to 507 million euros ($566 million) from EUR374 million the period a year-earlier......»»

Category: topSource: marketwatchNov 4th, 2019