The world’s largest car manufacturing company Volkswagen, which has recently been involved in a major diesel scandal for understating of emissions of harmful substances into the atmosphere, will now be sued in court on charges of violation of environmental legislation.
Recently the USA Department of Justice filed a civil suit in federal court. The statement noted that the defendant had violated several points the Clean Air Act. If the decision is made in favor of the plaintiff, the automaker will have to pay a fine of $ 80 million.
Currently, the number of lawsuits that are filed in the Volkswagen Group from customers numbers in hundreds, and the regulatory authorities in seven countries are currently continuing to investigate the case of diesel scandal. The US government may also file a criminal complaint to the carmaker for the fact that the company had falsified information, which was submitted to the Agency for Environmental Protection.
Analysts argue that the US regulatory authorities will require automaker heavy fines, rather than regulators in other countries, so if Volkswagen wants to resolve the conflict, the company should help the investigation, and to pay damages to the full.
In autumn 2015 the regulators found that Volkswagen is installed in the car special computer program to reduce emissions of harmful substances into the atmosphere. After this, the concern had to withdraw about 11.5 million cars, and it caused a damage in the amount of 3.5 billion.
Well-informed sources say that in the context of all the events Volkswagen could face a lawsuit from investors in the amount of € 40 million.
Company representatives, who engaged in the design, construction and equipment for solar power plants, note a significant decline in demand for their services. This is due to instability of the industry and growing debts for “green” electricity. “We are talking about 1260 MW of RES generation that has been launched in the first three quarters […]
Tesla CEO Elon Musk wants to turn the Tesla plant near Berlin into the world’s largest factory for the production of batteries for electric vehicles. The businessman stated this on Tuesday, November 24, speaking via video link at the European Conference of Battery Manufacturers. The plant near Berlin will be one of a kind as […]
Shares of US electric car manufacturer Tesla continue to rise sharply amid news of the company’s future accession to the S&P index. On Tuesday, November 24, the market value of Elon Musk’s company crossed the $ 500 billion mark for the first time. Tesla shares are said to have risen nearly 550 percent this year, […]
The Dow Jones and S&P 500 stocks hit record highs on Tuesday, November 24 amid official news of the transfer of power in the United States and progress in the development of coronavirus vaccines. In particular, the Dow Jones industrial index rose by 1.5% and for the first time in history exceeded 30,000 points. According […]
The international company Strauss Group is one of the largest coffee manufacturers in the world. They put into operation a warehouse and distribution center on the street in the third quarter of 2020. It’s located on Novopyrohivska str, 56a in the Holosiivskyi district of Kyiv. “An innovative distribution center opened in Ukraine in the third […]
Last week, from November 16 to 22, more than 4 million people in the world became infected with the new type of coronavirus, which is a record number since the beginning of the pandemic. This was announced on Tuesday, November 24, the press service of the World Health Organization. According to the WHO, in these […]
Zaporizhzhya NPP connected Unit №2 to the power system of Ukraine. This was reported by the press service of NNEGC Energoatom. “On November 22 at 9:07 pm, after the completion of the average planned and preventive repairs, Unit №2 of Zaporizhzhya NPP is connected to the power system. Power is being set. There are no […]
This week, IBM announced two acquisitions in the field of cloud computing: financial and analytical IT company TruQua Enterprises and software company Instana. The financial terms of the two agreements were not disclosed. On Monday, IBM announced the acquisition of TruQua, which provides SAP solutions to Fortune 500 companies. SAP is one of the world’s […]
Visa signs partnership agreement with FTSE250 TBC Bank’s Space, the first Georgian neobank, to develop innovative banking solutions in Georgia and beyond in the growing digital payments landscape. TBILISI, 14 November 2019 – Visa, the world’s leader in digital payments, and Space, the first fully digital bank in Georgia, today announced they have signed a […]Next
National Aviation Service will implement a project – Twinning, which provides technical and financial assistance of the EU, with the aim to bring Ukrainian aviation standards to the European ones. This was told by Alexander Bilchuk, chairman of the State Aviation Service of Ukraine. “The signing of the working agreement between the State Aviation Service and […]Next
Ukraine’s real estate market throughout 2017 experienced the impact of both economic and political crisis phenomena, under pressure from the economic downturn and lower purchasing power of the population. Despite all the negative trends, construction statistics in the period 2017 recorded positive results, which are confirmed by such an authoritative world ranking of Doing Business […]Next
Last year, the Commercial Court of Kyiv initiated a suit of the SANOF I company to the State Intellectual Property Service of Ukraine and to the “Kyivmedpreparat”, PJSC about completely voidance of Certificate of Ukraine on sign for the goods and services № 187104. The object of dispute has become a “SONAFІT” trademark registered company […]Next
Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]Next
Net income of one of the largest manufacturers of digital cameras in the world decreased by 31.6% in 2016 compared to the year 2015. Last year it was equal to the index of 1,298 billion US dollars. These data are shown in the statements of Canon (headquartered in Tokyo, Japan), as reported UkrainianForbes. For the […]Next
“Metinvest Holding” LLC, the management company of the largest Ukrainian mining and steel group “Metinvest”, filed a lawsuit to the Alchevsk Metallurgical Plant (ALMK, registered in Severodonetsk, Luhansk region), included in the corporation “ISD” and “Metinvest-SMC” LLC on totaling more than 5.8 billion UAH. The Commercial Court of Kiev began the production and adopted a […]Next
According to Interfax-Ukraine, the State Food and Grain Corporation of Ukraine (SFGCU) will initiate a rate decrease. The Eximbank of China issued the credit to the corporation under Ukraine state guarantees in the amount of 1,5 milliard dollars in 2012. Oleksandr Hryhorovych, the acting CEO of SFGCU said: “We work on the very important issue. […]Next
The alliance between the two companies has been existing for 15 years, but for now the direction of companies expect for closer cooperation. It is supposed to create a single platform, which will produce 70% of Nissan and Renault cars (now there are 10% of manufactured machines), in fact, both brands are planning to release […]Next
During the first weekend of weekend quarantine, catering establishments lost 27% of turnover. This is as of Monday, November 16, according to the platform Opendatabot, citing data from Poster, a restaurant automation company. It is noted that during the week the turnover of cafes and restaurants fell by 10% compared to the previous week. In […]Next
Representatives of the House of Representatives and the US Senate have agreed to include additional sanctions against Russia’s Nord Stream-2 gas pipeline. The sanctions will be included in the US State Defense Act for 2021.This was reported by Bloomberg. The sanctions will affect insurance and certification companies working with Russian courts to complete the project. […]Next
Group DF officially registered in 27 countries of the EU trademark “Ukraine Tomorrow”. Group DF, that is controlled by businessman Dmitry Firtash, announced the end of the official registration in the Office for Harmonization in the Internal Market (OHIM) of trademarks for goods and services “Ukraine Tomorrow” (TM), “Ukraine Morgen” and “Ukraine Tomorrow”, around which […]Next
On December 18 at 23:30 p.m. it was posted the information on the site of the Governmental portal of Ukraine that on December 19, 2016, the PJSC Privatbank goes into 100 % ownership of the state. The text of the statement also reports that the decision was made at the meeting of the Cabinet of […]Next
The container operator of the Ukrzaliznytsia the Liski Company, plans to create Portside grain terminal with a capacity of about 15 thousands TEU in a year. It is reported by the UkrAgroConsult. According to the report, the new facility will be located in the territory of the structure Odessa-Liski, which serves the container flows of […]Next
The foreign investor will enter the capital of the combined bank. The owner and the Chairman of the Board of the Fidobank, and the shareholder of the Eurobank (both – Kiev), Alexander Adarich plans to consolidate its banking assets by combining the two banks, as well as attract foreign investors. “Based on the National Bank of […]Next
The Japanese electronics giant Toshiba Corporation in the first half of the 2020-2021 fiscal year (ended September 30) earned a net profit of 3.493 billion yen ($ 32.95 million) against a loss of 145.146 billion yen ($ 1.3 billion) a year earlier. it is said in the company’s reporting. The company’s operating profit was 3.114 […]Next