Description
Added on the 06/01/2016 09:53:52 - Copyright : Reuters EN
Volkswagen shares have fallen again after the U.S. Justice Department filed a civil suit against the German auto maker for allegedly violating the Clean Air Act by installing illegal devices to impair emission control systems in 600,000 vehicles. As Hayley Platt reports, the allegations carry penalties that could cost Volkswagen billions of dollars.
Volkswagen's settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles could cost them more than $15 billion. Eve Johnson reports
The first major German court case against Volkswagen over the "dieselgate" scandal that has shaken up the car industry gets underway, as investors pursue the world's largest automaker for billions in compensation. IMAGES
The multinational technology company Apple has been ordered to repay up to 13 billion euros ($14.5 billion) in tax benefits back to the Republic of Ireland due to an "illegal" breach of EU state aid rules, confirmed European Commissioner for Competition Margrethe Vestager from Brussels, Tuesday.
The U.S. Justice Department and Environmental Protection Agency says Volkswagen will set aside $10.033 billion to cover buybacks and fixes, part of a $15.3 billion settlement with U.S. regulators over pollution caused by its diesel vehicles. Rough Cut (no reporter narration).
|
Support : Technical 
- Content 
- Editors 
