All volkswagen articles – Page 2

  • Blog post

    Volkswagen AG sentenced in emissions-cheating scandal

    2017-04-21T14:15:00Z

    A federal court in Detroit has sentenced Volkswagen AG in connection with a decade-long scheme to sell diesel vehicles containing software designed to cheat U.S. emissions tests. As part of the plea agreement, VW will pay a $2.8 billion penalty.

  • Blog post

    Volkswagen appoints chief compliance officer

    2017-03-27T13:30:00Z

    Picking up the pieces of its emissions-cheating scandal, Volkswagen this week appointed Kurt Michels, previously chief compliance officer for the Trucks, Vans, and Buses sector of Daimler, as chief compliance officer of the Volkswagen Group, effective April 1. In this position, he will succeed Frank Fabien, who is joining Wolfsburg ...

  • Blog post

    Volkswagen to pay $4.3B in emissions-cheating scandal

    2017-01-11T16:15:00Z

    Volkswagen will plead guilty and pay a total of $4.3 billion in criminal and civil penalties resulting from the company’s long-running emissions-cheating scandal. In addition, six Volkswagen employees are indicted in connection with the conspiracy. Jaclyn Jaeger reports.

  • Article

    EC takes action against 7 member states for failing to penalise VW

    2016-12-22T11:00:00Z

    Germany, Luxembourg, Spain, the United Kingdom, Greece, Lithuania, and the Czech Republic are all the latest fallout victims from VW’s Dieselgate, writes Neil Hodge.

  • Blog post

    Compliance on the VW board

    2016-11-27T11:00:00Z

    Tom Fox explores the case of Hans Dieter Pötsch, chairman of the VW supervisory board, who could be held responsible if German prosecutors find the board had actual knowledge, but failed to keep shareholders abreast, of the emissions-testing scandal and its potential costs.

  • Blog post

    Inquiry into Volkswagen emissions-cheating scandal widens

    2016-11-07T14:15:00Z

    Volkswagen confirmed this week that Hans Dieter Pötsch, former group chief financial officer, has become the latest individual to face scrutiny as fallout from the Volkswagen emissions-cheating scandal continues. Jaclyn Jaeger has more.

  • Blog post

    Will VW impact international settlements for bribery and corruption?

    2016-08-24T03:30:00Z

    The Man From FCPA Tom Fox explores the fallout from VW’s emissions-testing scandal and how the company will make restitution going forward to its customers, dealers, and other stakeholders.

  • Blog post

    Volkswagen channeled Lance Armstrong

    2016-07-20T12:45:00Z

    How does Volkswagen’s conduct around its emission-testing scandal mirror the actions of Lance Armstrong? For one thing, both were involved in the largest scandals in their respective spheres: Armstrong in cycling, and Volkswagen in car manufacturing. Yet, the similarities go even further. Tom Fox reports.

  • Blog post

    Does compliance need a seat at VW’s table?

    2016-07-13T16:30:00Z

    VW’s response to its defrauded customers in Europe is worse, than laughable. It's indefensible. Where is the company's compliance function? Tom Fox explores.

  • Blog post

    Volkswagen could spend $14.7 billion for cheating emissions tests

    2016-06-29T11:45:00Z

    In two related settlements—one with the United States and the State of California, and one with the Federal Trade Commission—German automaker Volkswagen and related entities have agreed to spend up to $14.7 billion to settle allegations of cheating emissions tests and deceiving customers, the Department of Justice said. Jaclyn Jaeger ...

  • NorwayImage
    Blog post

    Of power and responsibility

    2016-05-17T09:15:00Z

    With great power comes great responsibility. The Norwegian Oil Fund already knows that, but it appears the company will give the entire world a responsiblity lesson as it takes more interest in the corporate governance policies of those firms in which it invests. The Man From FCPA Tom Fox has ...

  • Blog post

    Don’t put illegal conduct in power point slide presentations

    2016-05-02T13:45:00Z

    “Death by PowerPoint” is a typical description of really poor presentation technique, but it might just be a way to describe how some companies accidentally self-report their own corruption. Tom Fox has more.

  • Blog post

    Volkswagen Group of America Names New General Counsel

    2016-02-08T13:30:00Z

    Amid its emissions scandal, Volkswagen Group of America has appointed David Detweiler to serve as general counsel, effective as of Feb. 1. Detweiler joins Volkswagen Group of America from the international law firm Clifford Chance in Frankfurt, Germany. He assumes his new role from David Geanacopoulos, who has served for ...

  • Blog post

    U.S. Sues Volkswagen Over Clean Air Act Violations

    2016-01-04T15:30:00Z

    Image: The Department of Justice, on behalf of the Environmental Protection Agency, today filed a civil complaint against Volkswagen over allegations that Volkswagen violated the Clean Air Act by installing illegal defeat devices that impaired emission control systems in nearly 600,000 diesel engine vehicles. In a statement, Barbara McQuade, U.S. ...

  • Blog post

    Tax Evasion Problems at VW “Not Small”

    2015-11-24T11:30:00Z

    German investigators have launched a new criminal probe into Volkswagen (VW) in light of the automaker’s recent emissions scandal. Prosecutors are examining five suspects who might be involved in this investigation. An Irish Times report said that prosecutors in Braunschweig are now investigating tax evasion allegations at the scandal-ridden German ...

  • Blog post

    Jumping on the VW Amnesty Microbus

    2015-11-18T12:45:00Z

    Image: Last week Volkswagen offered amnesty to employees who admit any role they played in the emissions-testing scandal currently wracking the company—no doubt drawing upon the success Siemens had when it made a similar offer to employees during a 2006 Foreign Corrupt Practices Act investigation. Opinions differ on the move, ...

  • Blog post

    Volkswagen Disputes New EPA Allegations

    2015-11-02T16:30:00Z

    The Environmental Protection Agency today issued a second “notice of violation” of the Clean Air Act, alleging that Volkswagen developed and installed a defeat device in certain VW, Audi, and Porsche light-duty diesel vehicles equipped with 3.0 liter engines for model years 2014 through 2016. These alleged violations are in ...

  • Blog post

    Porsche Suspected of ‘Defeat Devices’ in Diesel Models

    2015-11-02T15:45:00Z

    The Environmental Protection Agency has slapped additional charges against Volkswagen after the agency found that its subsidiary, Porsche, has been equipped with “defeat devices” to evade emissions tests. A notice of violation on the EPA’s website confirms that the regulator found 2014 to 2016 VW, Audi, and Porsche models ...

  • Blog post

    The Big Lesson From Compliance Week Europe

    2015-11-02T11:45:00Z

    Image: The Compliance Week Europe conference last week was a smashing success—a large turnout, of compliance professionals from across Europe (and beyond), who had vigorous discussions on all manner of topics, capped with great Belgian beer. Still, Compliance Week editor Matt Kelly writes, the most important lesson from our Europe ...

  • Blog post

    Police Raid VW’s French HQ in Search of Critical Data

    2015-10-19T10:30:00Z

    According to the Telegraph, as part of an ongoing probe into a pollution-cheating scheme, police swept through Volkswagen’s main office in Villers-Cotterets in northern France and another office near Paris on Friday, seizing data devices, documents, and computer hardware. The automatker, which is facing large fines, legal costs,and class-action ...