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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]
Ukrainian businessman Serhiy Tigipko was denied the purchase of more than 99% of Prominvestbank (PIB) shares through Luregio Limited. National Bank made the relevant decision due to problematic issues of the Bank’s activity. “The Committee on Supervision and Regulation of Banking, Oversight (Oversight) of Payment Systems adopted this decision on February 5, 2021. The decision […]Next
The London Court of International Arbitration upends the long-term dispute between the Arricano Real Estate and Stockman Interhold in respect of ownership of the Sky Mall shopping center. For a long time the conflict over the asset has been one of the most high-profile cases and negative in the sphere of development of Ukraine. May […]Next
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According to the results of last year, Ukrzaliznytsia received a net loss of UAH 11.9 billion against a profit of UAH 2.988 billion a year earlier. This is stated in the company’s financial report. The company states that the financial result was significantly affected by a decrease in revenues from freight and passenger traffic – […]Next
The famous American billionaire George Soros decided to invest to the development of Ukrainian IT-sphere. On the 18th of November 2015, he spoke about buying the part of the Horizon Capital in IT company Ciklum, and a certain amount of assets of Majgaard Holdings Ltd, which is owned by the head of Ciklum Torben Maygaarda. […]Next
Найближчим часом очікується зменшення коливань на готівковому валютному ринку України. Про це сказав заступник голови НБУ Юрій Гелетій. За його словами, готівковий валютний ринок очікувано відреагував на рішення щодо фіксації офіційного курсу гривні до долара США на новому рівні 36,56 гривень з 21 липня, “як і власне на будь-які вагомі рішення у валютній сфері з боку […]Next
On October 20, the Kyiv Art Gallery Tsekh hosted a presentation of the «Keep It Up!» project created by the artist and sculptor Yevgeny Petrov. The LDaily Business Edition became a media partner of this wonderful project, which highlights the theme of sport. The exhibition is currently open to the public and will be exhibited in the gallery until […]Next
Yesterday it took place a press conference with the top management of the group companies WOG, where it were voiced the plans of the largest oil trader and retailer of coffee for 2017. Also, the results of the past year were reviewed. CEO of Business Serhiy Koretskyi, together with the director of retail sales Kudin […]Next
Japanese company Hitachi has announced the purchase of American developer GlobalLogic for $ 9.6 billion, according to Reuters. The American company has several offices in Ukraine and is one of the three largest IT employers in the country. GlobalLogic owns 45% in equal shares of Canada Pension Plan Investment Board and Swiss investment company Partners […]Next
The “Astelit” company in the near future will carry out the rebranding of mobile operator life. It is not just about changing the symbols and corporate colors, but also to change the name: new brand can get a name ‘lifecell’ similar to the parent company Turkcell. As well as the logo symbol of the Turkish […]Next
Introduced five years ago in Amazon’s warehouses the robots did not make the life easier for the employees – on the contrary, people are now forced to work four times faster. In addition, the robotics has brought Amazon warehouses to the record 14,000 serious injuries by the end of 2019. The current figures are to […]Next
Founder of media corporation RIA Media Corp. Oleksandr Chovhan singled out from his eponymous Foundation impressive sum of money in the development of IT sphere in Ukraine. The funds were invested in Vinnitsa IT – Academy in exchange for a share in the amount of 61% in the structure of the institution. According to Tetiana […]Next
Two newest An-132D and An-178 aircraft were excluded from the state register of civil aircraft in Ukraine. The relevant order was published on the portal of the State Aviation Service of Ukraine. The decision was made due to the lack of airworthiness certificate for the aircraft for two years, and the State Aviation Service did […]Next
The National Commission for Energy and Utilities has revoked the license of Donetskoblgaz, Ukrinform reports. “To revoke the license of PJSC Donetskoblgaz for the right to conduct economic activity in the distribution of natural, oil and gas (methane) coal deposits, issued in accordance with the resolution of the National Electricity Regulatory Commission of Ukraine,” the […]Next
The German concern Lufthansa plans to remove the state from its co-owners by increasing its capital by 2.14 billion euros and returning the state anti-crisis aid received during the COVID-19 pandemic. These measures will begin before the elections to the Bundestag on September 26, the airline said on Sunday evening, September 19. From September 22 […]Next
One hundred thirty countries have joined the large-scale reform, which includes a global tax on digital corporations and will reduce the opportunities for international companies to evade taxation. Taxing large corporations with a 15 percent tax can bring states $ 150 billion annually. The most important tax agreement in a century One hundred thirty countries, […]Next