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German vehicle maker Volkswagen is to pay a record 15.3 billion dollar settlement for cheating on US emissions tests.
The German financial watchdog has filed a complaint against the entire former board of Volkswagen over possible market manipulation.
Volkswagen is facing more legal challenges over the carmaker’s emissions scandal, from its native Germany.
The crisis-hit German car maker plans to launch dozens of all-electric models on the market.
Despite the diesel emissions test cheating scandal Volkswagen's underlying profit fell less than expected in the first quarter thanks to demand for its Audi and Porsche models.
Toyota has become the latest carmaker to invest in an on-demand ride-hailing company by forging a deal with Uber. It follows General Motors investing in Lyft and Volkswagen in Gett.
Norway's sovereign wealth fund plans to join the class-action lawsuits filed in German courts against Volkswagen over the carmaker's emissions scandal.
Volkswagen's share of the European car market remains depressed following its diesel emissions test-rigging scandal.
Volkswagen says it's confident of solid growth this year despite 'Dieselgate' but admitted the scandal could cost much more than the amount set aside so far and assets might have to be sold.
In this edition of Business Line we focus on the 'Dieselgate' scandal - the effects on Volkswagen and Mitsubishi along with the unanswered questions for European owners of VWs.
Volkswagen has announced it will be putting aside €16.2 billion to help pay for its emissions scandal, more than double the €6.7 billion it told