USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group

USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group

06.01.2016 News

USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group

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.

Source: rbc.ru

Other articles

  • globallogic hexacta
    News

    GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America

    Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]

  • Тест
    Analytics

    Тест

    тест     тест

  • globallogic healthtech 1
    News

    GlobalLogic engineers help create nearly 10% of the global medical device market

    Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]

  • 2779913
    News

    Twitter працює над відновленням відеосервісу Vine

    Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]

  • picturepicture 156446930057951110266878 96171
    News

    CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

    Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

  • impact automotive
    News

    How Ukrainian developers make impact on road safety

    From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]

  • 750x450 press release image ua
    News

    Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

    Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

Read also

USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

US regulators fined BMW for $ 40 million

Structure of BMW in the USA is accused by regulatory authorities in violation of Federal safety regulations, and the late withdrawal that  do not comply with statutory safety systems. Mini Cooper cars, which are produced  by BMW, failed  the crash test; the cars were not relevant  minimum safety standards.  The company had to warn its […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

Ukrainska pravda changed its owner

Olena Prytula, editor-founder of the Ukrainska pravda online publication, and Tomasz Fiala, CEO of Dragon Capital, have entered into an agreement under which 100% of the corporate rights to the publication and all its assets will pass to the Dragon Capital Group. This was reported on the website of the investment company. It is noted […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

Since the beginning of the year, banks have earned 17.5 billion hryvnias

In April, the profit of Ukrainian banks amounted to 6.6 billion hryvnias, and for the four months of 2021 – 17.538 billion hryvnias. NBU data from Friday, May 21 testify to it. The total income of banks in January-April reached 80.103 billion hryvnias, expenses – 62.565 billion hryvnias. At the same time, interest income amounts […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

“Pan Kurchak” enters the European market

The “Pan Kurchak” agroindustrial group  got permission to export chicken to the EU. This is the third Ukrainian company, besides the MHP and “Agromars” Complex” that can ship products to Europe. Products designed for the European market will be produced at the facilities of “Gubin” poultry complex”, which were upgraded in 2015. “The advantage with […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

“Prometheus” reinvested more than $ 3 million profit in the upgrade of elevators

Since July 2015 a group of companies “Prometheus” reinvested 40% of the profits in the upgrade of material and technical base, according to a company press release. Mainly investments were aimed at expanding the network of elevator capacities, upgrade of grain storage, modernization of equipment and improvement of the quality of processes, replenishment of the […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

Elon Musk Lost $44 Billion in a Few Hours

At the close of trading on the New York Stock Exchange on Monday, July 13, Tesla Inc. stock price fell to $1497 per share from a record $1794 recorded in the first hours after the trading opened. Consequently, the company’s capitalization in just a few hours fell from $321 billion to $277 billion. Tesla’s previous […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

Recently was published a book for businessmen who want to start business in Poland

Many Ukrainian investors and businessmen have a great interest in working abroad. They dream of having their own business, but many of them have a lot of questions about how to start and organize their work abroad? They don’t have sufficient knowledge regarding law and special procedures for the organization of business. For those who […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

The US and the EU will end the trade dispute between Boeing and Airbus

Authorities in the United States and the European Union have agreed to end a long-running trade dispute over the aerospace concerns Boeing and Airbus, which has resulted in mutual tariffs of more than $ 10 billion, said Catherine Ty, the US representative at the trade talks. “The US-EU agreement marks significant progress in reaching a […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

BioNTech and Pfizer report successful third phase of coronavirus vaccine clinical trials

BioNTech from Mainz and US pharmaceutical giant Pfizer have announced the successful third phase of clinical trials of the vaccine from COVID. The company said in a statement that registration is expected in November. According to the release, the third phase of clinical trials of BNT162b2 showed its effectiveness by more than 90% among trial […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

NBU decided to liquidate Narodnyi Kapital bank

Another bank is under the threat of extinction in the new 2017. At this time we are talking about the Ukrainian financial institution Narodnyi Kapital. According to the text of the NBU decision , the bank will be liquidated due to the structure’s discrepancy to state requirement relatively its clarity. According to official information, in […]

Next
235235
News

What social projects are supported by business

LDaily decided to conduct a survey among the companies working in Ukraine to find out what social projects they support and why.       Anastasia Voitkevych, Head of Corporate Communications & Social Responsibility, Winner Group Ukraine Winner CSR has two focus areas — Charity and Responsible Business. Charity is philanthropy, Winner’s and its leadership’s […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

Swiss Luxoft will own the Ukrainian IT-company IntroPro

International company Luxoft (the headquarters – Zug), which develops software and is engaged in the export of IT – services, announced its intentions to buy leading IT – company from Ukraine – IntroPro LLC. It is reported by Ukrainian source Inventure. With regard to the financial terms of the deal – its nuances were not […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

Media Invest Group gets rid of the TV channel UBR

In Ukraine, will disappear one more channel: it is talking about the information media resource UBR (UKRAINIAN BROADCASTING RESOURCE), a member of the Ukrainian Media Invest Group. According to the statement issued by Sergii Shynkar editor, which he did on his page on the social network Facebook, this decision is forced by the lack of […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

T-Mobile has a major data leak in the United States

As a result of a recent cyber-attack on the servers of the American mobile operator T-Mobile US, hackers stole the personal data of millions of users, said a subsidiary of the German telecommunications giant Deutsche Telekom on Wednesday, August 18. The stolen information included names and surnames, social security numbers, birth information, driver’s license data, […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

Bank Khreshchatyk repaid the debt to the NBU anticipatorily

Publicly-held company Bank Khreschatyk has managed to prepay debt to the National Bank of Ukraine in the amount of 190 457 000 UAH. According to the official information, the implementation of the requirements of the loan from the NBU refinancing was realized by raising funds derived from repayment of the package of domestic government loan […]

Next
USA Department of Justice filed a multimillion-dollar lawsuit against the Volkswagen Group
News

LVMH`s revenue for the nine months fell by 21%

Revenue of French LVMH Moet Hennessy – Louis Vuitton for the first three quarters of this year fell by 21% year on year and amounted to 30.348 billion euros, according to the company’s report. The strongest decline in revenue in this period was recorded in the section “selective retail trade” and “watches and jewelry” – […]

Next