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Volkswagen on Tuesday said that it would be repairing 11 million odd vehicles following the rigging of the emissions tests last week. The new CEO of Volkswagen Group’s Matthias Mueller said that the company would inform the customers if they needed to have the diesel engines with illegal software to be refitted in the coming days. Bosch has supplied Volkswagen with the testing software to manage the engine that included metering and delivery modules. This was the software that was used by Volkswagen to undercut the diesel emission laws set by the U.S regulators. Bosch is the world’s larges...

In the latest development concerning the Dieselgate emissions testing scandal that has plagued the Volkswagen Group, the German automaker has reached an agreement with its former executives for settlements totalling 287.8 million euros (RM1.44 billion), […]

VW will get back $351M in diesel settlement with former execs Automaker reaches agreement with former CEO Martin Winterkorn and other former top execs Nathan Eddy Winterkorn has agreed to pay 11.2 million euros compensation. BERLIN -- Volkswagen Group said it has reached agreement with former CEO Martin Winterkorn and three other former top executives over compensation for their involvement in the automaker's diesel-emissions scandal. The settlement means VW receives 288 million euros ($351 million) in compensation related to the scandal that has cost the company more than 32 billion euros in...

Provided by Dow Jones By Kim Richters Volkswagen AG said Wednesday that former executives including its former chief executive officer would settle claims connected to the car maker's diesel scandal as part of a 288 million-euro($350 million) agreement. Former Volkswagen CEO Martin Winterkorn and former Audi CEO Rupert Stadler agreed to compensate the car maker in relation to the scandal that erupted in 2015. Mr. Winterkorn agreed to pay 11.2 million euros and Mr. Stadler agreed on compensation of EUR4.1 million. Volkswagen said Mr. Winterkorn had breached his du...