Automotive News: Volkswagen Dealt a Blow in Federal Investor Suit, Three Bosch Managers Targeted as German Diesel Probe Expands
Volkswagen Dealt a Blow in Federal Investor Suit
Volkswagen must face claims that it misled investors about its liability for installing emissions cheating software in some 11 million vehicles worldwide, but only for statements issued after May 2014, a federal judge ruled Wednesday.
As he indicated at a Tuesday hearing, U.S. District Judge Charles Breyer found a class of U.S. investors lack evidence to show Volkswagen knew as early as November 2010 that it could face billions of dollars in fines for skirting environmental laws. read more »
Three Bosch Managers Targeted as German Diesel Probe Expands
A German probe into whether Robert Bosch GmbH helped Volkswagen AG cheat on emissions tests intensified as Stuttgart prosecutors said they were focusing on three managers at the car-parts maker.
While Stuttgart prosecutors didn’t identify the employees, the step indicates that investigators may have found specific evidence in the probe. Previously, prosecutors have said they were looking into the role "unidentified" Bosch employees may have played in providing software that was used to cheat on emission tests. read more »
