Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Volkswagen    VOW3   DE0007664039

VOLKSWAGEN (VOW3)
Mes dernières consult.
Most popular
  Report  
Real-time Quote. Real-time Tradegate - 06/25 09:32:38 pm
145.6 EUR   -2.53%
09:28pVOLKSWAGEN : electric car sets Pikes Peak record
RE
06/23EU to respond to any U.S. auto tariff move - report
RE
06/23Trump car tariffs could run European convertibles off U.S. roads
RE
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Volkswagen : agrees to pay $69 million to settle New Jersey emissions suits

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/14/2017 | 10:41pm CEST
FILE PHOTO -  A Volkswagen logo is seen at Serramonte Volkswagen in Colma, California

WASHINGTON (Reuters) - Volkswagen AG confirmed on Tuesday it has agreed to pay $69 million to settle New Jersey state diesel emissions claims, one of the last major outstanding diesel legal issues the German automaker faced in the United States.

VW has previously agreed to spend more than $750 million to resolve various state environmental and consumer claims. In total, VW has agreed to spend up to $25 billion in the United States to address claims from owners, environmental regulators, states and dealers and offered to buy back about 500,000 polluting U.S. vehicles.

New Jersey's attorney general and the automaker confirmed the cases had been settled in a court filing on Tuesday. New Jersey had said previously that VW could have faced maximum penalties of more than $1.2 billion in the state.

"Volkswagen’s agreement with New Jersey resolves one of the most significant remaining legal exposures related to the diesel matter in the United States. It fully settles the state's legacy consumer and environmental claims and is another important step forward for our company and our shareholders," VW spokeswoman Jeannine Ginivan said Tuesday.

New Jersey Governor Chris Christie said the state received roughly one-and-a-half times per vehicle the amount paid any other state settling with VW for deceptive practices.

"The company put market share ahead of integrity and profit ahead of lawful compliance, and we held them accountable," Christie said in a statement.

In March, VW agreed to pay $157 million to settle environmental claims from 10 other U.S. states. In 2016, the German automaker reached a $603 million consumer fraud settlement with 44 U.S. states, also excluding New Jersey.

The settlement with 10 U.S. states required Volkswagen to offer at least three new electric vehicles in those states by 2020, including two SUVs. VW agreed in December 2016 to offer the vehicles in California in the same time frame.

In April, Volkswagen, which admitted to circumventing the emissions control system in U.S. diesel vehicles for vehicles sold since 2009, was sentenced to three years probation after pleading guilty to three felony counts and paid $4.3 billion in federal penalties.

Last month, U.S. and California regulators approved a fix for about 38,000 VW 3.0-liter vehicles with potential excess emissions.

The company also said last month it booked 2.6 billion euros in the three months ended Sept. 30 to fix diesel engines in the United States, confirming an announcement last month that will raise total provisions for its Dieselgate scandal to 25.1 billion euros.

(Reporting by David Shepardson; editing by Jonathan Oatis and Phil Berlowitz)

By David Shepardson

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VOLKSWAGEN
09:28pVOLKSWAGEN : electric car sets Pikes Peak record
RE
06/23EU to respond to any U.S. auto tariff move - report
RE
06/23Trump car tariffs could run European convertibles off U.S. roads
RE
06/23MARTIN WINTERKORN : Volkswagen may seek damages from ex-CEO Winterkorn over dies..
RE
06/22Trump Threatens 20% Tariff on European Cars, Seeks More U.S. Production -- Up..
DJ
06/22CARLOS GHOSN : Ghosn
RE
06/22The Second Wave of Luxury Electric Cars
DJ
06/22'Zero' chance of Renault taking over Nissan, Mitsubishi - Ghosn
RE
06/22VOLKSWAGEN : CEO visits Israel
AQ
06/22VOLKSWAGEN : Hands Regional Responsibility to Brands
DJ
More news
News from SeekingAlpha
11:52aDespite Tesla's Model 3, Audi, BMW And Mercedes Grew 3% This Year 
06/24EU responds to U.S. auto tariff threat 
06/22Trump threatens tariffs on autos imported from the EU 
06/22Run Over By A Benz 
06/21Fed To Release First Set Of QE Results (Wall Street Breakfast Podcast) 
Financials (€)
Sales 2018 241 B
EBIT 2018 18 272 M
Net income 2018 13 289 M
Finance 2018 24 821 M
Yield 2018 3,85%
P/E ratio 2018 5,65
P/E ratio 2019 5,32
EV / Sales 2018 0,21x
EV / Sales 2019 0,18x
Capitalization 74 535 M
Chart VOLKSWAGEN
Duration : Period :
Volkswagen Technical Analysis Chart | VOW3 | DE0007664039 | 4-Traders
Technical analysis trends VOLKSWAGEN
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 202 €
Spread / Average Target 36%
EPS Revisions
Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Controlling
Martin Hofmann Head-Group Information Technology
Peter Mosch Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN-10.26%86 860
TOYOTA MOTOR CORP-1.38%213 504
DAIMLER-18.56%71 887
BAYERISCHE MOTOREN WERKE-7.51%60 825
GENERAL MOTORS CORPORATION0.63%58 131
HONDA MOTOR CO LTD-14.85%55 023