Volkswagen’s American finance division has agreed to pay $48.75 million to settle a lawsuit by the Securities and Exchange Commission (SEC) over alleged fraud related to diesel emissions. The lawsuit accused Volkswagen AG and its former CEO of deceiving investors in U.S. bond offerings. Although the SEC is dropping claims against Volkswagen AG and its former CEO, the settlement with Volkswagen Group of America Finance concludes significant legal action stemming from the diesel emissions scandal in the United States. This scandal cost Volkswagen over $20 billion in fines and settlements after it was revealed that the company had installed “defeat devices” and sophisticated software to cheat emissions tests.
🔴
Trending
- As processors get increasingly powerful, these eight stocks may serve as the foundation for AI.
- The private market might contain the true AI bubble.
- In ’26, tax the wealthy? This year, these three important wealth tax concerns may be resolved.
- As Americans struggle with skyrocketing debt, Trump says he will cap credit card interest rates at 10%.
- The stock market’s surge on Friday shows what 2026 investors are truly interested in.
- We should consume more protein, according to the new food pyramid and companies like Starbucks and Chipotle. We’re already receiving a lot.
- Here’s why AI “loser” stocks like Oracle and Amazon are about to change.
- A buy signal was just flashed by this 100-year-old stock market indicator. This is how it should be interpreted by investors.
