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Volkswagen chased for emissions scandal compensation in Germany

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follow the latest news of” market news” from different sites to most famous technicals /Reuters Editorial by 2017-01-10 at 5:1

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South Korean Volkswagen executive gets jail term in emissions scandal fallout

South Korean Volkswagen executive gets jail term in emissions scandal fallout*/

– SEOUL A South Korean court on Friday sentenced an executive of Volkswagen’s (VOWG_p.DE) local unit to one year and six months in prison for fabricating documents on emissions and noise-level tests to achieve certification for vehicles for import.This is the latest fallout from Volkswagen’s emissions-test cheating scandal that last year resulted in a sales suspension in South Korea, a once fast-growing market for the German automaker.”Volkswagen has by itself undermined its credibility as a global brand as a result of this crime which has caused grave social and economic damages …,” the Seoul Central District Court said in a statement, referring to the suspension.
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U.S. charges Volkswagen executive with fraud over emissions scandal

U.S. charges Volkswagen executive with fraud over emissions scandal*/

– Volkswagen suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company’s diesel emissions cheating and the automaker was accused of concealing the cheating from regulators.Oliver Schmidt, who was general manager in charge of VW’s environmental and engineering office in Michigan, did not enter a plea at an initial appearance in U.S. District Court in Miami on Monday and was ordered held pending a hearing on Thursday by U.S. Magistrate Judge William C. Turnoff.Schmidt, who was shackled and wearing a jail uniform, was charged with fraud and conspiracy in not disclosing a cheating device used to rig U.S. diesel emissions tests from 2006 through 2015.
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Volkswagen chased for emissions scandal compensation in Germany

Volkswagen chased for emissions scandal compensation in Germany*/

– A German consumer rights group has filed a test case against Volkswagen over the emissions cheating scandal.It is trying to get the same sort of compensation as owners in the United States.VW has reached agreements with US authorities to fix or buy back vehicles after admitting hidden software was fitted to some diesel engines to disguised their pollution levels.
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Volkswagen nears $3 billion DOJ agreement to resolve emissions scandal

Volkswagen nears $3 billion DOJ agreement to resolve emissions scandal*/

– Volkswagen and the U.S. Justice Department are nearing an agreement to resolve the government’s civil and criminal investigations that would require the German automaker to pay more than $3 billion, sources briefed on the talks said Friday.The agreement is not final and could still change or fall apart but a deal could be announced as early as next week.Volkswagen is also likely to face oversight by an outside monitor and agree to other significant reforms in connection with its diesel cheating scandal as part of a likely deferred prosecution agreement.
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