Emissions Fraud Scandal

The suspects are accused of aiding and abetting fraud in combination with tax evasion, indirect false certification and criminal advertising.

German prosecutors said today they had charged former Audi chief executive Rupert Stadler with fraud over the Volkswagen subsidiary's role in the "dieselgate" emissions cheating scandal.

The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal, alleging a "massive fraud" on U.S. investors.

Audi chief executive Rupert Stadler has been arrested on suspicion of fraud in connection with parent company Volkswagen's "dieselgate" emissions cheating scandal, German prosecutors said today.

Dieselgate is the biggest (and dirtiest) scandal to ever hit the global automotive industry. And now in a rather unexpected development, the United States Justice Department has disclosed that it has filed criminal charges against Volkswagen's ex-CEO Martin Winterkorn. The charges have been filed accusing him of a conspiracy to cover up the Volkswa...

Porsche and Audi are suspected of fraud and fraudulent advertising as it tried to manipulate emissions control systems of diesel passenger cars.

About 100 police and law enforcement officials searched the luxury carmaker's Munich headquarters and a site in Austria, prosecutors said, adding they had opened an investigation last month against unknown persons for suspected fraud. Legal sources said the facility searched in Austria was BMW's engine plant in Steyr, where the company employs abou...

The court in the town of Celle ruled that VW could not appeal, which the auto maker views as a violation of its fundamental rights.

A US-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.

Last month, VW said it was taking another $3 billion charge to fix diesel engines in the United States, lifting the total bill for its emissions-test cheating scandal to around $30 billion.

The car industry is Germany's biggest exporter and employs more than 800,000 people. It was plunged into crisis two years ago when Volkswagen admitted to cheating U.S. diesel emissions tests.

The numbers are in line with previous assessments of deaths due to the so-called "Diesel gate" scandal, which erupted when carmaker Volkswagen admitted in 2015 to cheating on vehicle emissions tests.

Liang was part of a long-term conspiracy that perpetrated a -stunning fraud on the American consumer.

Investors have called on Audi and Volkswagen to come clean about the emissions fraud since the emissions cheating scandal broke in 2015. In fact, some say they are shocked the findings of an internal inquiry have still not been released.

According to Reuters, VW has started reaching out to potential buyers for Ducati, including India's Hero MotoCorp and a few China-based firms. The move is seen as an attempt by VW to raise funds to pay for the shift to develop electric vehicles and new mobility services following the diesel emissions scandal

The suspects are accused of aiding and abetting fraud in combination with tax evasion, indirect false certification and criminal advertising.

German prosecutors said today they had charged former Audi chief executive Rupert Stadler with fraud over the Volkswagen subsidiary's role in the "dieselgate" emissions cheating scandal.

The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal, alleging a "massive fraud" on U.S. investors.

Audi chief executive Rupert Stadler has been arrested on suspicion of fraud in connection with parent company Volkswagen's "dieselgate" emissions cheating scandal, German prosecutors said today.

Dieselgate is the biggest (and dirtiest) scandal to ever hit the global automotive industry. And now in a rather unexpected development, the United States Justice Department has disclosed that it has filed criminal charges against Volkswagen's ex-CEO Martin Winterkorn. The charges have been filed accusing him of a conspiracy to cover up the Volkswa...

Porsche and Audi are suspected of fraud and fraudulent advertising as it tried to manipulate emissions control systems of diesel passenger cars.

About 100 police and law enforcement officials searched the luxury carmaker's Munich headquarters and a site in Austria, prosecutors said, adding they had opened an investigation last month against unknown persons for suspected fraud. Legal sources said the facility searched in Austria was BMW's engine plant in Steyr, where the company employs abou...

The court in the town of Celle ruled that VW could not appeal, which the auto maker views as a violation of its fundamental rights.

A US-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.

Last month, VW said it was taking another $3 billion charge to fix diesel engines in the United States, lifting the total bill for its emissions-test cheating scandal to around $30 billion.

The car industry is Germany's biggest exporter and employs more than 800,000 people. It was plunged into crisis two years ago when Volkswagen admitted to cheating U.S. diesel emissions tests.

The numbers are in line with previous assessments of deaths due to the so-called "Diesel gate" scandal, which erupted when carmaker Volkswagen admitted in 2015 to cheating on vehicle emissions tests.

Liang was part of a long-term conspiracy that perpetrated a -stunning fraud on the American consumer.

Investors have called on Audi and Volkswagen to come clean about the emissions fraud since the emissions cheating scandal broke in 2015. In fact, some say they are shocked the findings of an internal inquiry have still not been released.

According to Reuters, VW has started reaching out to potential buyers for Ducati, including India's Hero MotoCorp and a few China-based firms. The move is seen as an attempt by VW to raise funds to pay for the shift to develop electric vehicles and new mobility services following the diesel emissions scandal