Volkswagen had used software to manipulate emissions erased billions of euros from its market value
WASHINGTON (Reuters) - Volkswagen AG's dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal.
New energy vehicles sales of the company are expected to reach 2 million to 3 million in 2025
The Volkswagen emissions scandal reveals a lot about corporate governance in different countries
$20 billion that VW is paying to resolve civil and criminal charges is unlikely to end the story
German automaker agreed to pay $4.3 bn in US civil and criminal fines and pay California $153.8 mn
VW admitted installing software in diesel engines on nearly 600,000 VW, Porsche and Audi vehicles
VW will plead guilty to three felonies and be on probation for three years
The German automaker will pay a $2.8 billion penalty to resolve the criminal charges
VW shares were up 2.1 per cent at 149.10 euros by 8.40 GMT
Hoping to dispel the doubts created by Volkswagen's diesel emissions scandal
In the US, those vehicles were spewing up to 40 times permissible levels of harmful nitrogen oxide
CPC currently operates with 119 master canteens and 1,500 plus subsidiary canteens across India
The carmaker increased sales in Asia by 11.8%, including a 14% boost in China
VW admitted in 2015 to installing secret software in diesel cars to cheat exhaust emissions tests
German carmaker is involved in lawsuits in countries and is racing to resolve criminal allegations
The recall involves imported Beetles and imported Golf Variants
German company had produced 7,20,000 units from the Pune plant since 2009
Half of the compensation will be paid at the time Breyer gives final approval of the settlement
The talks aim to hammer out what to do with about 80,000 3-liter diesel cars that were programmed to skirt emissions tests