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WOLFSBURG, GERMANY - NOVEMBER 20: The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. High-ranking Volkswagen managers meet currently inside Volkswagen headquaerts. Meanwhile Volkswagen officials are scheduled to meet with officials in the USA to present details on how the company will fix 482,000 Volkswagen vehicles sold in the U.S. affected by the emissions cheating software to comply with U.S. emissions standards. Volkswagen is coming under increasing pressure in the U.S. by officials in Washington and California to buy the faulty diesel cars back. (Photo by Alexander Koerner/Getty Images)
The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. (Photo by Alexander Koerner/Getty Images)
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VW engineer pleads guilty in emissions case, will cooperate

A Volkswagen engineer has pleaded guilty to one count of conspiracy in the company's emissions cheating scandal, advancing a criminal investigation by agreeing to testify against others.

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WOLFSBURG, GERMANY - NOVEMBER 20: The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. High-ranking Volkswagen managers meet currently inside Volkswagen headquaerts. Meanwhile Volkswagen officials are scheduled to meet with officials in the USA to present details on how the company will fix 482,000 Volkswagen vehicles sold in the U.S. affected by the emissions cheating software to comply with U.S. emissions standards. Volkswagen is coming under increasing pressure in the U.S. by officials in Washington and California to buy the faulty diesel cars back. (Photo by Alexander Koerner/Getty Images)
The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. (Photo by Alexander Koerner/Getty Images)
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Over 40 pct. of VW owners seek emissions cheating settlement

About 210,000 owners of Volkswagens with 2-liter diesel engines that cheat on emissions tests have registered to settle with the company under the terms of a June court agreement.

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WOLFSBURG, GERMANY - NOVEMBER 20: The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. High-ranking Volkswagen managers meet currently inside Volkswagen headquaerts. Meanwhile Volkswagen officials are scheduled to meet with officials in the USA to present details on how the company will fix 482,000 Volkswagen vehicles sold in the U.S. affected by the emissions cheating software to comply with U.S. emissions standards. Volkswagen is coming under increasing pressure in the U.S. by officials in Washington and California to buy the faulty diesel cars back. (Photo by Alexander Koerner/Getty Images)
The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. (Photo by Alexander Koerner/Getty Images)
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$15 billion Volkswagen emissions deal clears 1st hurdle

A nearly $15 billion settlement over Volkswagen's emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval to the deal that includes an option for owners to have the carmaker buy back their vehicles.

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WOLFSBURG, GERMANY - NOVEMBER 20: The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. High-ranking Volkswagen managers meet currently inside Volkswagen headquaerts. Meanwhile Volkswagen officials are scheduled to meet with officials in the USA to present details on how the company will fix 482,000 Volkswagen vehicles sold in the U.S. affected by the emissions cheating software to comply with U.S. emissions standards. Volkswagen is coming under increasing pressure in the U.S. by officials in Washington and California to buy the faulty diesel cars back. (Photo by Alexander Koerner/Getty Images)
The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. (Photo by Alexander Koerner/Getty Images)
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Volkswagen has emissions-cheating fix ready

Volkswagen's plan to fix most of its 2-liter diesel engines that cheat on emissions tests includes a computer software update and a larger catalytic converter to trap harmful nitrogen oxide, and it may not hurt mileage or performance, according to dealers who were briefed by executives on the matter.

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Matthias Mueller, Volkswagen chief and board member of German company Porsche SE. / AFP / DANIEL ROLAND (Photo credit should read DANIEL ROLAND/AFP/Getty Images)
Matthias Mueller, Volkswagen chief and board member of German company Porsche SE. / AFP / DANIEL ROLAND (Photo credit should read DANIEL ROLAND/AFP/Getty Images)
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Lawsuits: VW employees tried to cover up emissions cheating

New York state, Massachusetts and Maryland are suing Volkswagen and its affiliates Audi and Porsche over diesel emissions cheating, alleging that the German automakers defrauded customers, misled regulators and then sought to cover up the deception.

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WOLFSBURG, GERMANY - NOVEMBER 20: The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. High-ranking Volkswagen managers meet currently inside Volkswagen headquaerts. Meanwhile Volkswagen officials are scheduled to meet with officials in the USA to present details on how the company will fix 482,000 Volkswagen vehicles sold in the U.S. affected by the emissions cheating software to comply with U.S. emissions standards. Volkswagen is coming under increasing pressure in the U.S. by officials in Washington and California to buy the faulty diesel cars back. (Photo by Alexander Koerner/Getty Images)
The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. (Photo by Alexander Koerner/Getty Images)
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NY, Massachusetts, Maryland sue VW over emissions cheating

New York state, Massachusetts and Maryland are suing Volkswagen and its affiliates Audi and Porsche over diesel emissions cheating, alleging that the German automakers defrauded customers and violated state environmental laws by selling diesel vehicles equipped with software allowing them to cheat emissions testing.

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Matthias Mueller, head of German automaker Volkswagen AG, speaks on stage during the annual Volkswagen general shareholders meeting. (Photo by Alexander Koerner/Getty Images)
Matthias Mueller, head of German automaker Volkswagen AG, speaks on stage during the annual Volkswagen general shareholders meeting. (Photo by Alexander Koerner/Getty Images)
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Volkswagen settles emissions-cheating cases for up to $15.3B

Volkswagen will spend up to $15.3 billion to settle consumer lawsuits and government allegations that it cheated on emissions tests in what lawyers are calling the largest auto-related class-action settlement in U.S. history.

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Matthias Mueller, head of German automaker Volkswagen AG, speaks on stage during the annual Volkswagen general shareholders meeting on June 22, 2016 in Hanover, Germany. (Photo by Alexander Koerner/Getty Images)
Matthias Mueller, head of German automaker Volkswagen AG, speaks on stage during the annual Volkswagen general shareholders meeting on June 22, 2016 in Hanover, Germany. (Photo by Alexander Koerner/Getty Images)
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Volkswagen reaches $14.7B emissions settlement

Volkswagen would repair or buy back polluting diesel vehicles and pay each owner as much as $10,000 under a $14.7 billion deal the car maker has reached to settle lawsuits stemming from its emissions cheating scandal, a person briefed on the settlement talks said Monday.

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WOLFSBURG, GERMANY - NOVEMBER 20: The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. High-ranking Volkswagen managers meet currently inside Volkswagen headquaerts. Meanwhile Volkswagen officials are scheduled to meet with officials in the USA to present details on how the company will fix 482,000 Volkswagen vehicles sold in the U.S. affected by the emissions cheating software to comply with U.S. emissions standards. Volkswagen is coming under increasing pressure in the U.S. by officials in Washington and California to buy the faulty diesel cars back. (Photo by Alexander Koerner/Getty Images)
The Volkswagen logo is seen at the main entrance gate of the Volkswagen group on November 20, 2015 in Wolfsburg, Germany. (Photo by Alexander Koerner/Getty Images)
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Judge: Substantial progress in Volkswagen emissions talks

Volkswagen and attorneys for vehicle owners affected by the company's emissions cheating scandal are on target to meet a June deadline for a final settlement proposal, a federal judge said Tuesday.

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Category: Money & Business Tags:
Volkswagen CEO Matthias Mueller
Volkswagen CEO Matthias Mueller (Sean Gallup/Getty Images)
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Volkswagen CEO lays out plan to focus on low emissions cars

Volkswagen's CEO sketched out a wide-ranging transformation of the company on Thursday that will see it focus more on electric vehicles and services like car-sharing as it seeks to get past its scandal over cheating on diesel emissions tests.

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Category: Money & Business Tags:

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