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german carmaker volkswagen says it will invest more than 2000000000 euros in china the targets are 2 electric mobility companies v.w. will become the biggest investor in the battery maker. folks like it is also increasing its stake in the chinese electric vehicle maker j a c motors. and let's talk about that. our financial correspondent only buy is in frankfurt for us high only so v.w. is putting even more money into china as we heard it's coming at a time where there's a lot of tension with beijing politically so is this a good move by folks back and. well long term it seems to fit a volkswagen strategy after all her birthdays to see old folks wagon worldwide has called out that he is wanting to make a volkswagen the world's number one electric car maker and also batteries which are also part of this investment decision to be a key technological component that volkswagen is good at so putting money into china putting money into batteries into your cars goes along with the strategy and don't forget china is the world's largest auto market the german market is tiny in comparison so re
german carmaker volkswagen says it will invest more than 2000000000 euros in china the targets are 2 electric mobility companies v.w. will become the biggest investor in the battery maker. folks like it is also increasing its stake in the chinese electric vehicle maker j a c motors. and let's talk about that. our financial correspondent only buy is in frankfurt for us high only so v.w. is putting even more money into china as we heard it's coming at a time where there's a lot of tension with...
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it is the ruling i was expecting germany's top court has ruled on the volkswagen emissions scandal offering consumers compensation for their purchases we bring you the latest on the ruling on the ground in berlin as tracking becomes a reality for some nations amid the pandemic privacy concerns are about could these moves set a benchmark for the rest of the globe we take a look straight ahead with a packed show today so let's dive right in. and u.s. markets surged today on hopes of global economy's reopening and more specifically news regarding a coronavirus vaccine and vaccine is what we want to focus on here at the top of the program u.s. based pharmaceutical giant merck announced tuesday it will buy austrian vaccine producer themis bio science and would work with research nonprofit. to develop 2 separate vaccines now merck and also announced a new partnership with ridgeback biopharma bio therapeutics to work on an experimental oral anti-viral drug to combat covert 19 as far as timelines for these vaccines merck's says the theme is a vaccine will be ready to start vaccinating volunteers wi
it is the ruling i was expecting germany's top court has ruled on the volkswagen emissions scandal offering consumers compensation for their purchases we bring you the latest on the ruling on the ground in berlin as tracking becomes a reality for some nations amid the pandemic privacy concerns are about could these moves set a benchmark for the rest of the globe we take a look straight ahead with a packed show today so let's dive right in. and u.s. markets surged today on hopes of global...
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May 25, 2020
05/20
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also coming up, the new cost of cleaning up volkswagen's dirty secret -- germany's highest civil court orders the company to compensate customers fitted with emissions cheating software. in hong kong, lawmakers claim a new security law is needed to deal with what they say is a higher terrorism threat, but opponents are staging protests, worrying that it leads to an end of hong kong special status. plus, no regrets -- a top aide to the british prime minister excuses himself for flouting lockdown rules. both men are now accused of making rules that do not necessarily apply to them. ♪ brent: to our viewers on pbs and the united states, welcome. the german government is throwing a 9 billion euro lifeline to the airline giant lufthansa. the carrier has been locked in talks for weeks, nailing down the terms of a bailout to largen corporate rerescue since the crisis began. >> lufthansa's airplanes sit motionless in frankfurt, their engines covered in plastic, an image that symbolizes the weeks of standstill the company experienced during the corona -- coronavirus crisis. have any flights, pas
also coming up, the new cost of cleaning up volkswagen's dirty secret -- germany's highest civil court orders the company to compensate customers fitted with emissions cheating software. in hong kong, lawmakers claim a new security law is needed to deal with what they say is a higher terrorism threat, but opponents are staging protests, worrying that it leads to an end of hong kong special status. plus, no regrets -- a top aide to the british prime minister excuses himself for flouting lockdown...
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May 25, 2020
05/20
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and said he wa nted went to volkswagen and said he wanted them to take the volkswagen back of him andourt has by and large agreed with him. they say that vw must buy the car back. but the money that the men will get will be a little less than the vehicle's original value, that is to compensate for wear and take —— wear and tear, depreciation and son. he will get around 25,000 euros now. that is quite a big moment here in germany because there are around 60,000 other vw owners out there who have launched similar complaints i in the courts and this could, in some respects, open the floodgates toa some respects, open the floodgates to a degree. when you look at the sums of money involved, this man is getting 25,000 euros and at times that are a little bit less than that by 60,000 people and actually this is going to run into the millions. compared to the 30 billion euros bill that this company has already paid out in fines and regulatory fees and compensation in other parts of the world so far. it is actually not a huge amount of money. of the world so far. it is actually not a huge amou
and said he wa nted went to volkswagen and said he wanted them to take the volkswagen back of him andourt has by and large agreed with him. they say that vw must buy the car back. but the money that the men will get will be a little less than the vehicle's original value, that is to compensate for wear and take —— wear and tear, depreciation and son. he will get around 25,000 euros now. that is quite a big moment here in germany because there are around 60,000 other vw owners out there who...
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has called out that he is wanting to make a volkswagen the world's number one electric car maker and also batteries which are also part of this investment decision to be a key technological component that volkswagen is good at so putting money into china putting money into batteries into e-cards goes along with the strategy and don't forget china is the world's largest auto market the german market is tiny in comparison so regionally also seems to make sense from folks wagons corporate perspective if we look elsewhere in the auto industry of a french carmaker rayno is announced that it is cutting $15000.00 jobs but the problems there really are deeper than the coronavirus prices are they. yes they are and you know really the the problems that are there were already being addressed this week when a company renault with its alliance partners innocent and it's a big issue presented a new strategy and there it was all on the table everything that was going wrong at brno these past years and really heartening also back to the days of the ones legendary carlos cohn too many people making t
has called out that he is wanting to make a volkswagen the world's number one electric car maker and also batteries which are also part of this investment decision to be a key technological component that volkswagen is good at so putting money into china putting money into batteries into e-cards goes along with the strategy and don't forget china is the world's largest auto market the german market is tiny in comparison so regionally also seems to make sense from folks wagons corporate...
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the diesel gate scandal just won't go away as germany's highest civil court has ruled that volkswagen must buy back from customers cars that were designed to keep emissions tests. and on the political demand reimbursement from the defendants for the purchase price of his vehicle according to the current condition of the vehicle almost make. this ruling has set precedent for around $60000.00 similar cases across germany that a currently pending the w. has already settled a previous claim by almost a quarter of a 1000000 german car loan is by paying out just short of a $1000000000.00 was. accepted the ruling and put out a statement saying they'd be seeking compensation. volkswagen is now seeking to bring these proceedings to a prompt conclusion in agreement with the plane and we will therefore approach the plane as with adequate settlement proposals worldwide volkswagen is around $3000000000.00 in fines compensation and buyback schemes since the scandal 1st broke in 2015 the lion's share of some 25000000000 going to customers in the united states the emissions test cheating scandal cont
the diesel gate scandal just won't go away as germany's highest civil court has ruled that volkswagen must buy back from customers cars that were designed to keep emissions tests. and on the political demand reimbursement from the defendants for the purchase price of his vehicle according to the current condition of the vehicle almost make. this ruling has set precedent for around $60000.00 similar cases across germany that a currently pending the w. has already settled a previous claim by...
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and essentially enough volkswagen got slammed today by a court ruling by the whole world knows what v.w. did by lying almost to the entire world by putting on a missions device in its cars to try and fake out inspectors on purpose because of that germany's highest civil court is now determined that they need to repurchase buy back automobiles that for a punishment. how big a blow is this going to be for the company is peter all over from berlin. the diesel gate scandal just won't go away as germany's highest civil court has ruled that car giant volkswagen must buy back from customers cars that were designed to cheat emissions tests it legal for the plaintiff and demand reimbursement from that was i'm going to. be michael's going to the current condition of most of the most i sort of illness resumes or this ruling has set precedent for around $60000.00 similar cases across germany that are currently pending the w. is already settled a previous claim by almost a quarter of a 1000000 german car owners by paying out just short of a $1000000000.00 the automotive colossus accepted the ruling
and essentially enough volkswagen got slammed today by a court ruling by the whole world knows what v.w. did by lying almost to the entire world by putting on a missions device in its cars to try and fake out inspectors on purpose because of that germany's highest civil court is now determined that they need to repurchase buy back automobiles that for a punishment. how big a blow is this going to be for the company is peter all over from berlin. the diesel gate scandal just won't go away as...
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the diesel gate scandal just won't go away as germany's highest civil court has ruled that volkswagen must buy back from customers cars that were designed to cheat emissions tests come down off where there was not in demand remember him and from that was i'm going opposite her desires i was to be michael's about into the current condition of most of my money and the most i sort of able to resume this ruling has set precedent for around $60000.00 similar cases across germany that a currently pending the w. has already settled a previous claim by almost a quarter of a 1000000 german car owners by paying out just short of a $1000000000.00 the automotive colossus accepted the ruling and put out a statement saying they being to those seeking compensation. volkswagen is now seeking to bring these proceedings to a prompt conclusion in agreement with the plaintiffs we will therefore approach the plane as with adequate settlement proposals willed white volkswagen his folks out around $33000000000.00 in fines compensation and buyback schemes since the scandal 1st broke in 2015 the lion share of
the diesel gate scandal just won't go away as germany's highest civil court has ruled that volkswagen must buy back from customers cars that were designed to cheat emissions tests come down off where there was not in demand remember him and from that was i'm going opposite her desires i was to be michael's about into the current condition of most of my money and the most i sort of able to resume this ruling has set precedent for around $60000.00 similar cases across germany that a currently...
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we will therefore approach the plane as with the adequate settlement proposals will why volkswagen is full cut out around 33000000000 dollars in fines compensation and buyback schemes since the scandal 1st broke in 2050 the lion share of last some $25000000000.00 going to customers in the united states the emissions test cheating scandal continues to rumble on in july the same court that made the ruling on monday will be hearing the case against dealerships that sold the cars while senior current and full the v.w. employees here in germany are still facing criminal charges over their involvement in the scandal peter all of that and for the news with rick sanchez off the america good stuff it are thank you so very much this is the news of rick sanchez and we want to thank you whether you're watching us on cable regular t.v. on the portable television app we're going to be right back. we go to work so straight home. i like it when lee hosts ask a question for the guests and then actually listens to the guests answer and then react to that answer a folks dennis miller here i've got a new
we will therefore approach the plane as with the adequate settlement proposals will why volkswagen is full cut out around 33000000000 dollars in fines compensation and buyback schemes since the scandal 1st broke in 2050 the lion share of last some $25000000000.00 going to customers in the united states the emissions test cheating scandal continues to rumble on in july the same court that made the ruling on monday will be hearing the case against dealerships that sold the cars while senior...
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May 26, 2020
05/20
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more than 5 years after volkswagens the mission scandal a german court rules on compensation. but into the program the world health organization has temporarily suspended the global trial of the drug hydroxycut or quinn for treating covert 900 patients the agency referred to a study by a medical journal that says people taking the drug were at a higher risk of death u.s. president donald trump had been using the anti malarial drug as a precautionary measure for a short period of his own health agency has warned people against its use to treat the virus the executive group has implemented a temporary. pause of the hydroxyl hydroxy clock in our we's in the solidarity trial why did the safety data is that a viewed by the did i say 50 monitoring board the other than arms of the trial and continuing our white house correspondent complete hellcat says president trump has yet to react to the w h o's decision. u.s. president has been out and about in the united states honoring those who died serving their country it's part of a memorial day tradition as he returned to the white house
more than 5 years after volkswagens the mission scandal a german court rules on compensation. but into the program the world health organization has temporarily suspended the global trial of the drug hydroxycut or quinn for treating covert 900 patients the agency referred to a study by a medical journal that says people taking the drug were at a higher risk of death u.s. president donald trump had been using the anti malarial drug as a precautionary measure for a short period of his own health...
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cleaning up volkswagens dirty secret germany's highest civil court orders the carmaker to compensate customers who bought vehicles fitted with emissions cheating software. and a cultural dial m. not in the face of a pandemic you can't put a protective mask on an opera singer nor on a wind instrument clear with the legendary bosal fears and many other venues closed until further notice d w finds out how performers are coping without a stage. i'm told me a lot of but welcome to the program the german government is throwing a 9000000000 euro lifeline to airline giant tons of the carrier has been locked in talks for weeks with lynn resulting in a bailout to survive the coronavirus travel slump i've all goes through the deal will be the largest german corporate rescue since the crisis struck. lufthansa's airplanes sit motionless on the airfield in frankfurt their engines covered in plastic it's an image that symbolizes the weeks of standstill the company experienced during the corona crisis with hardly any flights or passengers or revenue but now the german government will be helping with
cleaning up volkswagens dirty secret germany's highest civil court orders the carmaker to compensate customers who bought vehicles fitted with emissions cheating software. and a cultural dial m. not in the face of a pandemic you can't put a protective mask on an opera singer nor on a wind instrument clear with the legendary bosal fears and many other venues closed until further notice d w finds out how performers are coping without a stage. i'm told me a lot of but welcome to the program the...
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foreign journalists german prosecutors have dropped charges of market manipulation against 2 top volkswagen executives the carmaker agreed to pay $9000000.00 euros to close the case against her but deuce and hines to show punch they were charged with withholding information about cheating emissions tests. meanwhile lockdown restrictions across europe have led to a sharp drop in vehicle sales as most car dealerships are forced to close the latest registration figures reveal just how drastic the situation for the industry has become. the more covert 19 cases the fewer new cars sold that's according to the latest figures from europe's car manufacturers association a cea. italy and spain lead the way with declines of over 97 percent and 96 percent respectively and france new vehicle registrations were down 90 percent. germany fared slightly better minus 60 percent now that economies are loosening coronavirus restrictions we are expecting to see a rebound in auto sales throughout the rest of the year but these lingering concerns about a 2nd wave of infections and consumer anxiety about mass layo
foreign journalists german prosecutors have dropped charges of market manipulation against 2 top volkswagen executives the carmaker agreed to pay $9000000.00 euros to close the case against her but deuce and hines to show punch they were charged with withholding information about cheating emissions tests. meanwhile lockdown restrictions across europe have led to a sharp drop in vehicle sales as most car dealerships are forced to close the latest registration figures reveal just how drastic the...
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this is g w news live from berlin tonight the new cost of cleaning up a volkswagen's dirty secret germany's high a civil court orders the carmaker to compensate customers who bought vehicles fitted with emissions trading software a buyback that you never play and also coming up in hong kong some lawmakers claim a new security law is needed to deal with what they say is the higher terrorism threat but not everyone agrees opponents are staging mass protests worried that wall signals the end to hong kong special status and south americans coronavirus catastrophe brazil the united states bans travel from the country which now has the world's 2nd highest infection rate but you would not know that by watching the actions of brazil's president. i'm burnt off it's good to have you with us it is a court ruling for the consumer today a top german court ruled that volkswagen must pay compensation to customers who bolts v.w. diesel cars that were fitted with software software that manipulated emissions test result the landmark ruling in the diesel gate scandal paves the way for tens of thousands of oth
this is g w news live from berlin tonight the new cost of cleaning up a volkswagen's dirty secret germany's high a civil court orders the carmaker to compensate customers who bought vehicles fitted with emissions trading software a buyback that you never play and also coming up in hong kong some lawmakers claim a new security law is needed to deal with what they say is the higher terrorism threat but not everyone agrees opponents are staging mass protests worried that wall signals the end to...
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or even longer until the end till we start seeing numbers head back towards normal we're seeing volkswagen introducing new sales programs here in germany could a government backed incentive program that encourages people to buy cars the next. well a lot of automakers have been pushing for this auto industry hold a conference call last week with the government and really push them to introduce some sort of subsidy program something like a cash for clunkers program where you trade in your car and you get some sort of incentives some sort of tax subsidy but there is some pushback to this because germany is obviously trying to reduce emissions they're trying to really position themselves at the front of green mobility and there's a question of what this would look like what this would mean for the industry and for these climate goals if they do start subsidizing diesel car sales. you can see dillon you reporting for us thank you for that update. now shanghai disneyland was closed for 3 months now it is the 1st disney park to reopen worldwide albeit under strict conditions the number of visitor
or even longer until the end till we start seeing numbers head back towards normal we're seeing volkswagen introducing new sales programs here in germany could a government backed incentive program that encourages people to buy cars the next. well a lot of automakers have been pushing for this auto industry hold a conference call last week with the government and really push them to introduce some sort of subsidy program something like a cash for clunkers program where you trade in your car and...
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this is day that we news live from volkswagens diesel gate scandal continues to cost a quarter in germany orders the company to compensate customers who board a v.w. cars 50 with the emissions changing software look as well the ruling from the country's a federal court of justice means for consumers and for germany's biggest carmaker also on the program both parties in hong kong claim that terrorism in the cities only increased police break up mass protests against the plant's new security invoked against authours has broad powers activists say the role would silence beijing's critics. u.s. fans travel from brazil to reduce the threat of nuclear of the virus infections go to south america the south american country has the world's 2nd highest infection rate its president has been out pressing the flesh in defiance of lock down guidelines. and the cultural dilemma in the face of a pandemic. you can't put a protective mask on an opera singer nor on a wind instrument player with budget bolshoi theater and many other venues close until further notice d.w. finds out how performers a coping wit
this is day that we news live from volkswagens diesel gate scandal continues to cost a quarter in germany orders the company to compensate customers who board a v.w. cars 50 with the emissions changing software look as well the ruling from the country's a federal court of justice means for consumers and for germany's biggest carmaker also on the program both parties in hong kong claim that terrorism in the cities only increased police break up mass protests against the plant's new security...
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May 25, 2020
05/20
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BBCNEWS
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the country's highest court is ruling on a case seeking reimbursement from volkswagen.issions cheating software. the court found that volkswagen has to pay damages to owners who purchased vehicles with manipulated diesel engines. this is germany's highest court for civil disputes and it has ruled that people who bought the cars in question are entitled in principle to receive damages. that case was brought by an individual and now has gone to this federal court, the highest court for civil disputes, ruling that volkswagen has to pay compensation to motorists who bought vehicles with manipulated diesel engines during the emissions scandal. they have to get compensation. as global lockdowns start to be eased, here in the uk half of all drivers say they will walk more, and 40% say they will drive less, to maintain clean air even after the restrictions are lifted. i guess one leads on to the other. that's according to a survey of almost 20,000 people by the motoring organisation, the aa. so, will the lockdown mark a change in uk driving habits? joining me now is the aa's pr
the country's highest court is ruling on a case seeking reimbursement from volkswagen.issions cheating software. the court found that volkswagen has to pay damages to owners who purchased vehicles with manipulated diesel engines. this is germany's highest court for civil disputes and it has ruled that people who bought the cars in question are entitled in principle to receive damages. that case was brought by an individual and now has gone to this federal court, the highest court for civil...
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thank you and there may be some relief for the thousands of consumers swindled by the volkswagen emissionscheating scandal after ruling in a german federal court monday artie's peter oliver is in berlin and files this report. diesel gate scandal just won't go away as germany's highest civil court has ruled that folks walk it must buy back from customers cars that were designed to cheat tests. the plan to keep the man reimbursement from the defendants for the purchase price of his vehicle according to the current condition of the vehicle must make. this ruling has set precedent for around $60000.00 similar cases across germany that are currently pending the w. has already settled a previous claim by almost a quarter of a 1000000 german car owners by paying out just short of a $1000000000.00 there are most of coalesces accepted the ruling and put out a statement saying they'd be in touch with those seeking compensation volkswagen is now seeking to bring these proceedings to a prompt conclusion in agreement with the plaintiffs we will therefore approach the plane as with adequate settlement p
thank you and there may be some relief for the thousands of consumers swindled by the volkswagen emissionscheating scandal after ruling in a german federal court monday artie's peter oliver is in berlin and files this report. diesel gate scandal just won't go away as germany's highest civil court has ruled that folks walk it must buy back from customers cars that were designed to cheat tests. the plan to keep the man reimbursement from the defendants for the purchase price of his vehicle...
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May 29, 2020
05/20
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BLOOMBERG
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birgit: volkswagen already has a huge stake. don't think it is a blueprint for all big german companies. but it shows that the government really wants companies to work very closely together with germany, and basically old meyer sees siemens as the classic of ideal company because it is already working extremely closely with germany. they are traveling on almost every trip when he was abroad. so really, it doesn't feel they need to have a state in the company -- stake in the company because they are closely tied up anyway. but lufthansa, the german companies and german banks have accused in the past a lot of not having a national agenda. what his policy did to germany. and this is changing. germany basically says number one, these countries should have a german brand. it should be aware of where they are operating. we will support and this is how he defends it, why he's entering lufthansa, he wants them to defend foreign takeovers if that would become necessary. so germany is not going to intervene in every single case. but if t
birgit: volkswagen already has a huge stake. don't think it is a blueprint for all big german companies. but it shows that the government really wants companies to work very closely together with germany, and basically old meyer sees siemens as the classic of ideal company because it is already working extremely closely with germany. they are traveling on almost every trip when he was abroad. so really, it doesn't feel they need to have a state in the company -- stake in the company because...
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May 31, 2020
05/20
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we believe volkswagens develop the evd industry.vesting in a battery manufacturing company is confident news for us because i think the supply chain is very important for companies like us. shery: that was the nio ceo william li . coming up, we speak to black diamond group founder, and the president of the american chamber of commerce in hong kong tara joseph. stay with us for those interviews. in the meantime, here's another check of how markets are trading. we are seeing broad downside pressure for futures at the moment with u.s. futures down 7/10 of 1%. more heated rhetoric between china and the u.s., not to mention we are expecting eco-data out this morning. we will have japan capital spending and south korea trade data in the next couple of hours. plenty more ahead on "bloomberg daybreak: australia." this is bloomberg. ♪ haidi: a very good morning. we are counting you down to asia's major market open. shery: welcome to "daybreak asia ." u.s. futures fall as violence rages on across the united states. the outpouring of anger the
we believe volkswagens develop the evd industry.vesting in a battery manufacturing company is confident news for us because i think the supply chain is very important for companies like us. shery: that was the nio ceo william li . coming up, we speak to black diamond group founder, and the president of the american chamber of commerce in hong kong tara joseph. stay with us for those interviews. in the meantime, here's another check of how markets are trading. we are seeing broad downside...
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May 25, 2020
05/20
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germany's top court has ruled volkswagen must partially pay back car owners affected by its emissions cheating scandal with an 11000000 vehicles worldwide a implications let's take a look at what happened just to remind you back in 2014 u.s. research was discovered v.w. was using software to cheat on its emissions tests its diesel engines were missing up to 40 times higher than the legal limit a year later the german company admitted to the scheme its c.e.o. stepped down and shares dropped by nearly half in 2 days tens of thousands of drivers have sued volkswagen one case has reached germany's highest court but it could have implications for others the scandal has already cost the company more than $33000000000.00 and just last week its top 2 executives paid $10000000.00 to avoid criminal charges let's bring in ferdinand gotten her far from just burke in germany he's the director of the center for automotive research in germany mr didden welcome to the news hour why we talking here about partial payments not all the payments going to the vehicle owners. so you see there we go i'm hati
germany's top court has ruled volkswagen must partially pay back car owners affected by its emissions cheating scandal with an 11000000 vehicles worldwide a implications let's take a look at what happened just to remind you back in 2014 u.s. research was discovered v.w. was using software to cheat on its emissions tests its diesel engines were missing up to 40 times higher than the legal limit a year later the german company admitted to the scheme its c.e.o. stepped down and shares dropped by...
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May 25, 2020
05/20
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it is the man who has dealt the latest setback to volkswagen has already tarnished reputation. gilbert's borsa used v.w. containing the cheating software which made the car look like it was less polluting than it really was his case potentially means that the 70000 others could also ask for at least some of their money back because i was creation of probably didn't but it's a pity to out of all the companies it was a hoax wagon which committed the fraud from the w. could have had it easier how they admitted this from the outset and said we cheated we are sorry and we will compensate the affected owners with no questions asked that certainly would have not damage their image but quite the contrary. the fraud was on an industrial scale some $11000000.00 cars fitted with a cheating device was an astonishing revelation inside a company which prides itself on its environmental advances and inside germany a country which sees itself as leading the way against climate change hugely embarrassing. this ruling means v.w. has to offer to buy back cause it's sold based on their current mil
it is the man who has dealt the latest setback to volkswagen has already tarnished reputation. gilbert's borsa used v.w. containing the cheating software which made the car look like it was less polluting than it really was his case potentially means that the 70000 others could also ask for at least some of their money back because i was creation of probably didn't but it's a pity to out of all the companies it was a hoax wagon which committed the fraud from the w. could have had it easier how...
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customers in the country they are the owners of a volkswagen diesel vehicle including software program to cheat on emissions test the court today ruled that b.w. must buy back those vehicles not a percentage of the original price know the price that was paid is the amount to be reimbursed it is a major legal victory for consumers in a 5 year old scandal that has left you with more than just a dent in its image here is what the attorney for the plaintiffs said today. this is sort of the will tell you it is going to this is a landmark judgment and it will have the same impact on the other 70000 cases. but the other point is there are still hundreds of thousands of v.w. drivers out there who are now know what they can achieve some of us even for theatre but if you ever more on that i'm joined here by did abuse business editor tamale own joe it's good to see you again so basically the court is saying you sold a limb and you have to buy that limit back i mean what does that mean for their customers here in germany well it's a backing from the highest of all court in the law and it means tha
customers in the country they are the owners of a volkswagen diesel vehicle including software program to cheat on emissions test the court today ruled that b.w. must buy back those vehicles not a percentage of the original price know the price that was paid is the amount to be reimbursed it is a major legal victory for consumers in a 5 year old scandal that has left you with more than just a dent in its image here is what the attorney for the plaintiffs said today. this is sort of the will...
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not long after the scandal broke in 2015 volkswagen admitted to installing emissions test using software in millions of cars the company has already paid out billions of euros to customers in compensation as for puts in d.c. they won't pay a single cent. is footing the bill. will not pay shareholder dividends this year or next that was bad news that the chief executive officer chris jones even delivered to stockholders during the bank's annual general meeting was via a live on line board cause he said the board needed to fire the stabilize the bank's capital and liquidity position and work to reduce risk he said restructuring if it's must continue in order to reduce costs and strengthen trust oversight authorities. last year china dropped out of the list of the top 3 foreign investors in germany that's the 1st time in more than 10 years the chinese government has restricted capital it's all its and focused instead on boosting the don't mistake economy china is now only the 4th largest contributor a foreign direct investment to germany that's behind the united states britain and switzerla
not long after the scandal broke in 2015 volkswagen admitted to installing emissions test using software in millions of cars the company has already paid out billions of euros to customers in compensation as for puts in d.c. they won't pay a single cent. is footing the bill. will not pay shareholder dividends this year or next that was bad news that the chief executive officer chris jones even delivered to stockholders during the bank's annual general meeting was via a live on line board cause...
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so a a big drop in sales for volkswagen in its domestic market but with economy slowly reopening is the worst over for the carmaker here's your financial correspondent chelsea delaney. well this is likely to be the steepest month over month drop for the un for car sales on a whole because in april pretty much every every economy was closed down in your app so car dealerships were closed factories were closed over the past few weeks we have seen car dealerships here in germany reopen for example automakers are generally getting production back up and running but this is going to be a very very slow path back towards normalisation there is a lot of a lot of questions of what demand it's going to look like even with these dealerships open they've reported that literally no one has been there so 'd what they're saying is that it's probably going to be a couple months or even longer until the until we start seeing numbers head back towards normal. shall see dylan he reported from frankfurt there now global coronavirus restrictions have decimated global tourism croatia relies heavily on his t
so a a big drop in sales for volkswagen in its domestic market but with economy slowly reopening is the worst over for the carmaker here's your financial correspondent chelsea delaney. well this is likely to be the steepest month over month drop for the un for car sales on a whole because in april pretty much every every economy was closed down in your app so car dealerships were closed factories were closed over the past few weeks we have seen car dealerships here in germany reopen for example...
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is the data and how bad is it going to get well we've seen very mixed messages i mean we saw a volkswagen have to shut its flagship plant involved will again at the same time voice the telecom reported very healthy figures yesterday i think overall germany is in a better position because it doesn't have the same levels of debt it has this sort of stability going on and we've also seen the factories start to reopen. the shops and various retail outlets are reopening so even though it is a very severe challenge we are in some ways coming out of it because because things are getting back hopefully back to as close to normal as we're going to get so it seems like what you're saying is that that the economy is able to handle it the citizens as well i think so i mean this seems to be people have taken it in germany on the streets is a feeling obviously people are very tired of and very anxious but at the same time it has been quite well managed compared to other countries we haven't had the same levels of hysteria and we've seen things mounted in a pretty orderly way there's been a way to keep
is the data and how bad is it going to get well we've seen very mixed messages i mean we saw a volkswagen have to shut its flagship plant involved will again at the same time voice the telecom reported very healthy figures yesterday i think overall germany is in a better position because it doesn't have the same levels of debt it has this sort of stability going on and we've also seen the factories start to reopen. the shops and various retail outlets are reopening so even though it is a very...
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speaking with us thank you now germany's highest court has ruled that people who bought manipulated volkswagen diesel cars are entitled to compensation they may now return their vehicle get a partial refund of the purchase price a pensioner had sued for the complete repayment of the car he bought a v.w. diesel in 2014 with manipulated software he will not get back the complete purchase price but he could get a large part of the original costs this ruling is groundbreaking for the 60000 other v.w. customers who are suing the car maker in the fall out of the diesel gate scandal. a leading german business climate survey the business climate index is showing that the mood at german companies rose this month a $79.00 and that is good news after a bleak april last month if those index fell to the lowest value ever recorded for that business and x. the survey is based on 9000 of the responses from companies in the manufacturing construction wholesale and retail sectors. ok for more on the story we can speak to the president of the evil institute for economic research climate foose joins us from munic
speaking with us thank you now germany's highest court has ruled that people who bought manipulated volkswagen diesel cars are entitled to compensation they may now return their vehicle get a partial refund of the purchase price a pensioner had sued for the complete repayment of the car he bought a v.w. diesel in 2014 with manipulated software he will not get back the complete purchase price but he could get a large part of the original costs this ruling is groundbreaking for the 60000 other...
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May 25, 2020
05/20
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BBCNEWS
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a top german court rules volkswagen must pay compensation to motorists who purchased diesel cars thatng.
a top german court rules volkswagen must pay compensation to motorists who purchased diesel cars thatng.
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May 26, 2020
05/20
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ALJAZ
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to be a new gray suit in august seanad dallas al-jazeera and germany's top court has ruled that volkswagen must buy back diesel cars at the center of an emissions cheating scandal that decision affects about 60000 car owners in germany wagon admitted to using software to cheat on a mission of tests 5 years ago and what became known as diesel gate a scandal has already cost the family than $30000000000.00 worldwide a fat man didn't offer is the director of the center for automotive research and he explains how car owners will be compensated. you see the girl over here the owners drive a lot of kilometers with a car which they bought sometimes you go 345 years ago and then lucas said ok we have to take in the coward that the value of the car is you mean it's due to the use of the car and therefore we will find a solution which says ok you can get back the car. then prize you paid terms years ago for the car however you have to pay into account the kilometers the uses of the car which you did in the past and therefore thing it was expected that the server occurred in the interim and you will
to be a new gray suit in august seanad dallas al-jazeera and germany's top court has ruled that volkswagen must buy back diesel cars at the center of an emissions cheating scandal that decision affects about 60000 car owners in germany wagon admitted to using software to cheat on a mission of tests 5 years ago and what became known as diesel gate a scandal has already cost the family than $30000000000.00 worldwide a fat man didn't offer is the director of the center for automotive research and...
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May 25, 2020
05/20
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ALJAZ
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researchers discovered volkswagen was using software to cheat on emissions tests its diesel engines were missing up to 40 times higher than the legal limit a year later the german company admitted to the skin stepped down and shares dropped by nearly half in 2 days tens of thousands of drivers have sued vox fog and one cases reach germany's highest court but it could have implications for others the scandal has already cost the company more than 33 $1000000000.00 just last week its 2 top executives paid $10000000.00 to avoid criminal charges on ferdinand didn't have her is the director of the center for automotive research he explains how the ruling means drivers will be compensated based on their cars mileage. usually the regular healer owners drive a lot of kilometers with a car which is a god sometimes you go 345 years ago and then lucas said ok we have to take in the coward and. the value of the car is immunity due to the use of the car and therefore we will find a solution which says ok you can get back the car. the. prize you paid turns years ago for the car however you have to car
researchers discovered volkswagen was using software to cheat on emissions tests its diesel engines were missing up to 40 times higher than the legal limit a year later the german company admitted to the skin stepped down and shares dropped by nearly half in 2 days tens of thousands of drivers have sued vox fog and one cases reach germany's highest court but it could have implications for others the scandal has already cost the company more than 33 $1000000000.00 just last week its 2 top...
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May 26, 2020
05/20
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ALJAZ
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members of his right wing likud party in the israeli knesset germany's top court has ruled that volkswagen must buy back diesel cars at the center of an emissions cheating scandal the decision affects about 60000 car owners in germany well those are the headlines all the more news here to witness stay with us. in uncertain and isolating times the listening post cuts through the noise you've been looking at another side of this story also marks the information around the outbreak but the misinformation the listening post on al-jazeera. their name. in the last. few minutes. seen any minute joining in. to do you. really good. thanks. my name is levy may have levy's midlife. my name is. it is brown leg makes. it sound like laughing. cry. maynooth is lonely if relaxed. flight fascists in their view north in command move as if this. now i thought a lot sad truth. no no no i. fucked up. when i walk. oh. you're a. man . in the. lead did you hear that he. did it plenty to do to the t.v. i was the star in tanzania and i've been in my music a long time and then the my music. madam me so beaten on. le
members of his right wing likud party in the israeli knesset germany's top court has ruled that volkswagen must buy back diesel cars at the center of an emissions cheating scandal the decision affects about 60000 car owners in germany well those are the headlines all the more news here to witness stay with us. in uncertain and isolating times the listening post cuts through the noise you've been looking at another side of this story also marks the information around the outbreak but the...
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May 26, 2020
05/20
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ALJAZ
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it is the man who's dealt the latest setback to volkswagens already tarnished reputation herbert's gilbert's boss a used v.w. containing the cheating software which made the car look like it was less polluting than it really was this case potentially means that the 70000 others could also ask for at least some of their money back because i was question before we didn't but it's a pity that of all the companies it was bokes wagon which committed the fraud v.w. could have had it easier how they admitted this from the outset and said we cheated we are sorry and we will compensate the affected owners with no questions asked that certainly would have not damage their image quite the contrary. the fraud was on an industrial scale some $11000000.00 cars fitted with a cheating device was an astonishing revelation inside a company which prides itself on its environmental advances and inside germany a country which sees itself as leading the way against climate change hugely embarrassing. this ruling means v.w. has to offer to buy back cars it's sold based on their current mileage arguably less damagi
it is the man who's dealt the latest setback to volkswagens already tarnished reputation herbert's gilbert's boss a used v.w. containing the cheating software which made the car look like it was less polluting than it really was this case potentially means that the 70000 others could also ask for at least some of their money back because i was question before we didn't but it's a pity that of all the companies it was bokes wagon which committed the fraud v.w. could have had it easier how they...
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May 25, 2020
05/20
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ALJAZ
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cheating scandal 5 years ago volkswagen admitted to using software to cheat on diesel emission tests its engines were missing up to 40 times higher than the legal limit more than 11000000 cars worldwide are affected. this is all just there and these are the top stories one of britain's most senior government advisors says he does not regret driving to his parents' house while burreson was under a strict lockdown there's been calls for dominick cummings to resign after he traveled 400 kilometers to isolate with his family no i don't i don't regrets what i did was as i said i think reasonable people may well disagree about how i. thought about what to do in in the in the in the circumstances but i think that i think what i did was actually reasonable in these. in these circumstances the rules make clear that if you're dealing with small children could be that can be exceptional circumstances and i think the situation that i was in. exceptional circumstances in breaking news from the world health organization it has suspended a clinical trial of the malaria drug hijacks a carquinez a co
cheating scandal 5 years ago volkswagen admitted to using software to cheat on diesel emission tests its engines were missing up to 40 times higher than the legal limit more than 11000000 cars worldwide are affected. this is all just there and these are the top stories one of britain's most senior government advisors says he does not regret driving to his parents' house while burreson was under a strict lockdown there's been calls for dominick cummings to resign after he traveled 400 kilometers...
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May 25, 2020
05/20
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ALJAZ
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researchers discovered volkswagen was using software to cheat on a mission to test its diesel engines were missing up to 40 times higher than the legal limit a year later the german company admitted to the scheme its c.e.o. steps down and shares dropped by nearly half and today's tens of thousands of drivers have sued volkswagen one case has reached germany's highest court but it could have implications for others the scandal has already cost the company more than 33000000000 dollars just last week its 2 top executives paid $10000000.00 to avoid criminal charges ferdinand didn't fire is director of the center for automotive research explains how the ruling means drivers will be compensated based on their cars mileage. you see the regular low here the owners drive a lot of kilometers with their car which they bought sometimes you go through you for 5 years ago and then lucas said ok we have to take in the coward and that the value of the car is immunity due to the use it of the car and therefore we will find a solution which says ok you can get back the car. then price you pay the term
researchers discovered volkswagen was using software to cheat on a mission to test its diesel engines were missing up to 40 times higher than the legal limit a year later the german company admitted to the scheme its c.e.o. steps down and shares dropped by nearly half and today's tens of thousands of drivers have sued volkswagen one case has reached germany's highest court but it could have implications for others the scandal has already cost the company more than 33000000000 dollars just last...
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to europe now were german prosecutors have dropped charges of market manipulation against 2 top volkswagen executives after the carmaker agreed to pay $9000000.00 euros to close the case against c.e.o. have at d.s. and board chairman hans dietz of perche prosecutors had charged the 2 want to allegations they withheld information about the existence of devices to cheat admissions tests the w. admitted the software was installed in more than 10000000 cars. amazon is reopening its warehouses in france a month after closing them the online retailer shut them down after a court ruling that amazon had not followed health and safety precautions amid the coronavirus pandemic the company has since reach an agreement with unions to mitigate contagion risk for staff and has stepped up safety measures requiring employees to wear masks socially distance and check temperatures. employees around the world are desperate for a little quiet space now that offices are closed hotels around the world are meanwhile desperate for revenue with tourism all but impossible hotel home offices could be a win win. for
to europe now were german prosecutors have dropped charges of market manipulation against 2 top volkswagen executives after the carmaker agreed to pay $9000000.00 euros to close the case against c.e.o. have at d.s. and board chairman hans dietz of perche prosecutors had charged the 2 want to allegations they withheld information about the existence of devices to cheat admissions tests the w. admitted the software was installed in more than 10000000 cars. amazon is reopening its warehouses in...
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cleaning up volkswagens dirty secret germany's highest civil court orders the comical to compensate customers who bought vehicles fitted with emissions cheating software. i'm told me a lot of well welcome to the program germany has been widely lauded for its handling of the cocoa 1000 pandemic but as the focus turns towards easing restrictions its federal and local governments are tussling over the best way forward the state of the range where one of the least affected in germany wants to lead the way in lifting khurana measures however many of the harder hit states like neighboring varia are concerned about infection rates rising again. 6 employees of this clinic in his book house and in southern india have tested positive for the corona virus an outbreak that's bucking the trend in the rest of the eastern german state where infection rates are down while many regional politicians support easing restrictions they'd still like clear governmental guidelines. they want to. get something if we do this without any central god lines from the state or the federal government well and that will lead
cleaning up volkswagens dirty secret germany's highest civil court orders the comical to compensate customers who bought vehicles fitted with emissions cheating software. i'm told me a lot of well welcome to the program germany has been widely lauded for its handling of the cocoa 1000 pandemic but as the focus turns towards easing restrictions its federal and local governments are tussling over the best way forward the state of the range where one of the least affected in germany wants to lead...
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a top german court has ruled that volkswagen must pay compensation to customers who bought b.w. diesel cars fitted with software that manipulated missions test results the landmark ruling in the diesel gate scandal paved the way for tens of thousands of others to receive. the federal court of justice said anyone who bought a v.w. car equipped with software that manipulated the mission's tests is entitled to compensation they can return the vehicle and receive partial financial reimbursement from the comic. it legal come down after the plaintiffs can request compensation from the defendant on the purchase price of his vehicle but they must take into account that the car has been used and they must make the vehicle available to v.w. . the plaintiff was this retiree he had sought a full refund from folks falcon of around 31500 euros for a v.w. sharan he bought in 2014. it's a great day and a great ruling it's the ruling that i had expected it won't just help me but also the thousands of plaintiffs who are stuck waiting to bring their lawsuits to a speedy conclusion if you have. to
a top german court has ruled that volkswagen must pay compensation to customers who bought b.w. diesel cars fitted with software that manipulated missions test results the landmark ruling in the diesel gate scandal paved the way for tens of thousands of others to receive. the federal court of justice said anyone who bought a v.w. car equipped with software that manipulated the mission's tests is entitled to compensation they can return the vehicle and receive partial financial reimbursement...
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May 25, 2020
05/20
by
BLOOMBERG
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volkswagen, one for and now rising.et to the other stories that we are following, everyone in the u.k. or related to the uk's following this saga, this body, boris johnson -- this saga, this drama, boris is facing a political crisis as he defends his top aide, dominic cummings over claims that he breached lockdown rules. >> i think he followed the instinct of every father. i do not mark them down for that. in every, that respect, he has acted responsibly, legally, and with integrity. he is now set to give his own public statement and answer questions. sebastian.is why is hisestion is biggest political problem to deal with since his election, this. why is dominic cummings so important. >> this is the guy who masterminded the vote leave can plane -- campaign. he's very much the ideologue who stands behind johnson. we have seen the prime minister waiver from his time as mayor of london to now in terms of what he stands for. this guy is the guy who has the views. but boris johnson would be a different man, he throws the who
volkswagen, one for and now rising.et to the other stories that we are following, everyone in the u.k. or related to the uk's following this saga, this body, boris johnson -- this saga, this drama, boris is facing a political crisis as he defends his top aide, dominic cummings over claims that he breached lockdown rules. >> i think he followed the instinct of every father. i do not mark them down for that. in every, that respect, he has acted responsibly, legally, and with integrity. he...
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May 25, 2020
05/20
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ALJAZ
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and find out why a german court has ordered volkswagen to pay some damages to car opens. and in the scorpios chill we'll hear from the queensland reds rugby team after 3 of the players walked out over pay dispute. now many people with disabilities are facing greater difficulty because of the pandemic charities in the u.k. press and the government for more help they say the lockdown has increased people's fear of isolation and many are worried they won't get the right treatment if they become ill has emma heywood. elsa has been self isolating since the beginning of march so makes the most of being in the garden she has severe rheumatoid arthritis and is in constant pain the drugs she takes suppress the immune system so she was told to stay at home for 12 weeks to shield herself and waiting to go back on to a drug that i've been on before. but if i had been. if covert had been around i would have been dealing with this at an early stage but i know that my consultant has been on the cambridge front line so i didn't want to bother him disability groups say worries about healt
and find out why a german court has ordered volkswagen to pay some damages to car opens. and in the scorpios chill we'll hear from the queensland reds rugby team after 3 of the players walked out over pay dispute. now many people with disabilities are facing greater difficulty because of the pandemic charities in the u.k. press and the government for more help they say the lockdown has increased people's fear of isolation and many are worried they won't get the right treatment if they become...