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VW agrees to pay €1 billion German fine over emissions cheating

Business Jun 14, 2018

VW agrees to pay €1 billion German fine over emissions cheating

Auto giant Volkswagen said Wednesday it would pay a €1 billion ($1.2 billion) fine imposed by German prosecutors for diesel emissions cheating. "The Braunschweig public prosecutor issues an administrative order against Volkswagen AG in the context of the diesel crisis and imposes a fine of ...

Business Dec 8, 2017

German prosecutors probe BMW diesel cheating claims

German prosecutors on Thursday said they have opened a preliminary inquiry into allegations that luxury carmaker BMW used a defeat device to cheat diesel emissions tests in at least one of its models. It comes after environmental group DUH this week said tests carried out ...

Ex-VW exec sentenced to seven years for 'dieselgate'

Business Dec 7, 2017

Ex-VW exec sentenced to seven years for 'dieselgate'

A U.S. court on Wednesday sentenced former Volkswagen executive Oliver Schmidt to seven years in prison for his role in the German automaker's "dieselgate" emissions cheating scandal. Schmidt, who led Volkswagen's U.S. regulatory compliance office from 2012 to March 2015, was also ordered by a ...

Lamborghini chases new customers with first SUV

Business Dec 5, 2017

Lamborghini chases new customers with first SUV

Lamborghini unveiled its first sport-utility vehicle (SUV) on Monday, as the Volkswagen-owned luxury sports car brand strives to grab a share of a fast-growing market. Produced at its Sant'Agata Bolognese headquarters in Italy, Lamborghini believes the model could double its annual sales volumes, which stood ...