US judge rules that VW, ex-CEO must face investor lawsuit in US
Washington
VOLKSWAGEN AG and former chief executive officer Martin Winterkorn must defend an investor lawsuit in California over the company's diesel emissions cheating scandal, a US judge ruled on Wednesday.
US District Judge Charles Breyer also rejected a request by VW brand chief Herbert Diess to have the proposed securities fraud lawsuits tossed out of a California court. Other defendants include VW's US unit and its Audi of America unit and the former head of its US unit, Michael Horn.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger