emission scandal

Volkswagen sets aside $6.16 billion for contingent liabilities arising out of emission scandal

By admin1 on May 3, 2019 • ( 0 )

The diesel emission cheating scandal has so far cost Volkswagen 30 billion euros. Volkswagen’s Chief Financial Officer (CFO) disclosed, the carmaker has provisioned $6.16 billion (5.5 billion euros) in contingent liabilities in order to cover the cost of potential liabilities… Read More ›

Volkswagen’s CEO, Matthias Mueller, pay package soars to $12.47 million a year

By admin1 on March 13, 2018 • ( 0 )

Matthias Mueller’s pay package comes in the wake of VW almost doubling its 2017 operating profit despite being weighed down by the U.S. emission scandal. On Tuesday, Volkswagen, EU’s biggest carmaker, reported that it has hiked up its CEO, Matthias… Read More ›