Volkswagen says it may face U.S. SEC lawsuit over diesel emissions scandal GlobeBusiness
Volkswagen AG said the U.S. Securities and Exchange Commission may bring an enforcement action over the automaker’s diesel emissions scandal, the latest fallout from the cheating known as “Dieselgate.”
VW said in its annual report released earlier this week that the SEC probe focuses on the automaker’s nondisclosure of “certain Volkswagen diesel vehicles’ noncompliance” with U.S. emissions rules.Volkswagen has agreed to pay more than $25-billion in the United States for claims from owners, environmental regulators, states and dealers, and has offered to buy back about 500,000 polluting U.S. vehicles.
VW admitted in September 2015 to secretly installing software in nearly 500,000 U.S. vehicles to cheat government exhaust emissions tests and pleaded guilty in 2017 to felony charges. In total, 13 people have been charged in the United States, including four Audi managers.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. SEC receives permission to respond to Elon Musk’s defence of Tesla tweetThe SEC has until March 19 to file a brief, and the judge gave both parties until March 26 to request an evidentiary hearing
Read more »
U.S. SEC scrutinizes fairness of stock exchange pricingRegulator to examine whether a multi-tiered pricing system favors large brokers
Read more »
The U.S. admissions scandal shouldn’t be a shock – and it may be happening in CanadaWealthy American parents allegedly spent millions to get their children into top schools. But Canadians just don’t have enough data to be smug about it
Read more »
Fiat Chrysler recalls more than 860,000 U.S. vehicles that fail to meet emissions standardsThe recall includes 2011-2016 Dodge Journeys, 2011-2014 Chrysler 200s and Dodge Avengers, 2011-2012 Dodge Calibers and 2011-2016 Jeep Compass/Patriots
Read more »
Students file lawsuit against colleges in bribery scandalTwo college students have filed a lawsuit against the University of Southern California, Yale University and other colleges where prosecutors say parents paid bribes to ensure their children's admission.
Read more »
U.S. SEC scrutinizes fairness of stock exchange pricingRegulator to examine whether a multi-tiered pricing system favors large brokers
Read more »
U.S. SEC receives permission to respond to Elon Musk’s defence of Tesla tweetThe SEC has until March 19 to file a brief, and the judge gave both parties until March 26 to request an evidentiary hearing
Read more »