Subscribe to our free daily newsletters
. 24/7 Space News .




Subscribe to our free daily newsletters



CAR TECH
VW shares gain as dieselgate bullet dodged
by Staff Writers
Frankfurt Am Main (AFP) Sept 1, 2017


Volkswagen shares gained on the Frankfurt stock exchange Friday, as two favourable court decisions related to the car giant's long-running "dieselgate" emissions scandal comforted investors.

Shares in the group added 0.9 percent just after 0900 GMT to trade at 126.50 euros ($150.50), against a DAX index of leading German shares up 0.5 percent.

In the United States, a federal judge in San Francisco ruled Thursday against the state of Wyoming, which had claimed billions of dollars from VW for its diesel vehicles' infringement of environmental laws, newspaper Frankfurter Allgemeine Zeitung reported.

Judge Charles Breyer found that VW's settlement of the case with federal authorities made compensation to individual states unnecessary.

Some 600,000 of VW's 11 million vehicles worldwide fitted with software designed to cheat regulatory emissions tests were sold in the US.

The Wolfsburg-based group has already agreed to pay around $22 billion (18.5 billion euros) in fines and compensation in the US to settle the diesel scandal, with some of the cash flowing to the states where the cars were used.

"Volkswagen is pleased with the court's decision to dismiss Wyoming's claims," a spokesman told AFP.

"Importantly, the court recognised that any environmental harm in Wyoming or similarly-situated states has been fully mitigated by settlements with the federal government," he added.

The group will immediately seek to have similar suits from nine other states dismissed, the spokesman said, filing motions as early as Friday against Illinois, Minnesota and Ohio.

In VW's home country Germany, a court in Brunswick rejected a case from a driver who had asked that the full 41,000-euro purchase price of his diesel-fuelled Eos car be reimbursed.

The case was backed by US law firm Hausfeld and German firm Myright, which aimed to establish a precedent in favour of around 100,000 clients with similar complaints.

A lawyer for the driver in the Eos case said he planned to appeal the judgement.

jpl/tgb/mfp/spm

VOLKSWAGEN

EOS IMAGING

CAR TECH
New emissions test necessary for new vehicles in the EU
Washington (UPI) Aug 31, 2017
Starting Friday, all new car models in the European Union need to pass emissions tests in real driving conditions before they hit the road, commissioners said. The European Commission invited member states to examine emission issues after Volkswagen in 2015 was found to have used software to get around some pollution standards. In response, the commission introduced stricter and more ac ... read more

Related Links
Car Technology at SpaceMart.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CAR TECH
'Gifted' high-tech takes spotlight at Berlin's IFA fair

NASA Offers Space Station as Catalyst for Discovery in Washington

Forty years on, Voyager still hurtles through space

ISS Orbit Increases Almost 2,000 Feet After Adjustment Maneuver - Control Center

CAR TECH
ISRO Develops Ship-Based Antenna System to Track Satellite Launches

Falcon 9 launches from Vandenberg

SpaceX launches Taiwan's first home-built satellite

Indian Space Agency, Israeli counterpart to formalize strategic collaborations

CAR TECH
For Moratorium on Sending Commands to Mars, Blame the Sun

Tributes to wetter times on Mars

Opportunity will spend three weeks at current location due to Solar Conjunction

Curiosity Mars Rover Begins Study of Ridge Destination

CAR TECH
ESA and Chinese astronauts train together

To boldly go where no startup has gone before

China's satellite sends unbreakable cipher from space

Xian Satellite Control Center resolves over 10 major satellite faults in 50 years

CAR TECH
ASTROSCALE Raises a Total of $25 Million in Series C Led by Private Companies

LISA Pathfinder: bake, rattle and roll

Bids for government funding prove strong interest in LaunchUK

Blue Sky Network Reaffirms Commitment to Brazilian Market

CAR TECH
Clamping down on causality by probing laser cavities

Why does rubbing a balloon on your hair make it stick?

Breakthrough made in ultra-high strength steel

Scientists tie flexible crystals into knots

CAR TECH
A New Search for Extrasolar Planets from the Arecibo Observatory

Gulf of Mexico tube worm is one of the longest-living animals in the world

Molecular Outflow Launched Beyond Disk Around Young Star

Scientists take first snapshots of a molecular propeller that runs at 100 degrees Celsius

CAR TECH
New Horizons Video Soars over Pluto's Majestic Mountains and Icy Plains

Juno spots Jupiter's Great Red Spot

New evidence in support of the Planet Nine hypothesis

Scientists probe Neptune's depths to reveal secrets of icy planets




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement