Stories Related to $15 Billion Volkswagen Emissions Deal Clears 1st Hurdle

SAN FRANCISCO — A $15 billion settlement over Volkswagen’s emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval to a deal that includes an option for owners to have the carmaker buy back their vehicles. Attorneys for Volkswagen owners sought approval from U.S. District Court Judge Charles Breyer, who is overseeing consumer lawsuits and government allegations that the company’s diesel engines cheated on U.S.

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BING NEWS:
  • Volkswagen lands deal in shaky period for carmaker bonds
    The automotive sector has dragged down the performance of the global credit market in recent months on the back of multiple company profit warnings.
    11/12/2024 - 2:57 am | View Link
  • Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
    The companies said the deal is now up to $5.8 billion – up from $5 billion – with the first VW models to use Rivian’s software and electrical architecture arriving as early as 2027.
    11/12/2024 - 1:15 am | View Link
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