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Volkswagen agrees to pay the US $1.2 billion fine for cheating on diesel emissions tests

German automaker Volkswagen saw its profit slip in the first quarter as the company set aside 1 billion euros ($1.1 billion) for legal risks related to its 2015 diesel scandal. Earnings before interest and taxes (EBIT) fell to 3.9 billion…

Lucille Butler
May 3, 2019

Business

Former Volkswagen CEO charged over diesel emissions scandal

Martin Winterkorn among five managers charged by prosecutors Prosecutors in the German city of Braunschweig said on Monday they were pressing criminal charges against former Volkswagen chief executive Martin Winterkorn in connection with the carmaker’s manipulation of diesel emissions testing.…

Stella Byrd
April 15, 2019