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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

BioNTech shares jump premarket on news of 375 million euros in German funding for COVID-19 vaccine

BioNTech SE shares soared 4% in premarket trade Tuesday, after the drug company said it will receive up to 375 million euros ($445.9 million) in funding from the German Federal Ministry of Education and Research to support the accelerated development o.....»»

Category: topSource: marketwatchSep 15th, 2020

German court orders Volkswagen to compensate customers, WSJ reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2020

VW"s Skoda operating profit drops 25% in first-quarter, expects biggest hit in first-quarter

Operating profit at Czech carmaker Skoda Auto, part of the Volkswagen Group , fell 25% in the first quarter to 307 million euros as the new coronavirus outbreak started to bite, the company said on Monday......»»

Category: topSource: reutersMay 4th, 2020

Deutsche Bank sets aside $280M to deal with the impact of coronavirus

The German lender set aside 260 million euros ($282 million) to deal with potential loan losses as a result of the coronavirus crisis, as the bank as it reported its first-quarter results in full......»»

Category: topSource: moneycentralApr 29th, 2020

Lufthansa seeking 290 million euro loan for Belgian airline: media

German airline Lufthansa is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday......»»

Category: topSource: reutersApr 24th, 2020

Deutsche Post DHL Posts Pre-Tax Profit Despite COVID-19 Outbreak

The coronavirus pandemic dented first quarter profit by 200 million euros ($218 million) at German logistics giant Deutsche Post DHL Group (OTCMKTS: DPSGY), but officials say the company's geographic and product diversity will help it weather th.....»»

Category: earningsSource: benzingaApr 10th, 2020

Volkswagen burning through $2.2 billion a week as coronavirus halts production: CEO

Volkswagen may have to cut jobs if the coronavirus pandemic is not brought under control as the carmaker is still spending about 2 billion euros ($2.2 billion) a week, Chief Executive Herbert Diess told German TV channel ZDF......»»

Category: topSource: reutersMar 27th, 2020

German airline Condor applies for 200 million euro in state aid: sources

The German airline Condor has applied for an additional 200 million euros in state aid in the wake of the coronavirus outbreak, two people with knowledge of the matter said on Thursday......»»

Category: topSource: reutersMar 26th, 2020

Volkswagen says diesel scandal has cost it 31.3 billion euros

Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects cash outflows to continue until 2021, adding that these have already been provisioned for......»»

Category: topSource: reutersMar 17th, 2020

Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021

Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects costs to rise by another 4.1 billion euros, Chief Financial Officer Frank Witter said on Tuesday......»»

Category: topSource: reutersMar 17th, 2020

Volkswagen reaches $900 million deal with consumers over diesel scandal

Volkswagen and a major German consumer group said on Friday that they had reached an 830 million euro ($902.04 million) agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests......»»

Category: topSource: reutersFeb 28th, 2020

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