Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Volkswagen, Audi Arrive At $85M Settlement With Texas

Volkswagen AG (OTC:VWAGY) and Audi have reached an $85 million settlement over violations of Texas environmental laws. The car manufacturers employed the use…
byShivani Kumaresan
May 26, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Volkswagen AG (OTC:VWAGY) and Audi have reached an $85 million settlement over violations of Texas environmental laws.
  • The car manufacturers employed the use of illegal emission-evading technology in violation of Texas environmental laws.
  • In Early May, Texas Supreme Court ruled the state environmental lawsuit against Volkswagen and Audi could be taken forward, Reuters reported.
  • Also Read: Volkswagen Exits Russia, Completes Sale Of Russian Operations To Local Dealer
  • In 2015, Volkswagen admitted to using software to evade emissions requirements in nearly 11 million vehicles globally.
  • “If a company thinks they will avoid accountability when they violate Texas laws, endanger Texans, and pollute our environment, they’re dead wrong. Volkswagen and Audi are finding that out the hard way, and now they are paying the price,” said Attorney General Paxton.
  • Also Read: Volkswagen April Deliveries Jump 39% As China Springs Back
  • Price Action: VWAGY shares closed lower by 1.13% at $15.68 on Thursday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Why JD.Com Stock Is Rising

By Henry Khederian
June 15, 11:03 AM
JD.Com Inc (NASDAQ: JD) shares are trading higher by 2.69% to $39.68 Thursday morning. Shares of several Chinese stocks are trading higher after China's central bank cut the borrowing cost of its medium-term policy loans.

JD

Read More

Why Can’t Black Farmers Get Medical Marijuana Licenses In Florida? Exorbitant Fees And Residual Racism, Many Say

By Joana Scopel
July 18, 3:33 PM
Since 2016, the Florida Legislature - through the Florida Department of Health - has issued more than two dozen medical marijuana licenses for farmers looking to enter the MMJ industry. However, black farmers are still waiting for their licenses to be issued as regulated by the Florida Legislature.

TCNNF