Volkswagen emissions scandal

Andreas W. Tilp, lawyer of the plaintiff, waits for the opening of a lawsuit against Volkswagen on compensation for the losses of shareholders caused by the Diesel scandal at the higher regional court in Braunschweig, northern Germany, Monday, Sept. 10, 2018. (Swen Pfoertner/dpa via AP)
September 10, 2018 - 8:06 am

Trial Begins In $10B Investor Lawsuit Against Volkswagen

FRANKFURT, Germany (AP) — Trial proceedings have begun in the lawsuit brought against Volkswagen by investors alleging the company did not give them timely notice of its scandal over cars rigged to cheat on diesel emissions tests. Investors are seeking almost 9 billion euros ($10.4 billion), saying...
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FILE - In this Wednesday, March 21, 2018 file photo, the logo of German car manufacturer BMW is pictured at the headquarters in Munich, Germany. German carmaker BMW reports its second quarter earnings on Thursday, Aug. 2, 2018. (AP Photo/Matthias Schrader, file)
August 02, 2018 - 5:40 am

Spending On Future Tech Eats Into BMW Profits

FRANKFURT, Germany (AP) — BMW's profit fell 6 percent in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Thursday. Net income came in at 2.08 billion euros ($2.42 billion), down from 2.22...
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July 19, 2018 - 3:35 am

Jailed Audi Chief Seeks Release Pending German Fraud Probe

BERLIN (AP) — Audi's chief executive is seeking his release from jail during an ongoing investigation of suspected fraud as part of parent company Volkswagen's diesel emissions scandal. Rupert Stadler was arrested June 18 due to fears he might try to evade justice. Authorities had earlier searched...
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