Wednesday

28th Jun 2017

Ticker

Report: VW will compensate US dealers with €1bln

Volkswagen Group will compensate its 650 dealers in the United States with around €1 billion to cover losses occurred due to the emissions cheating scandal, Reuters reported Thursday. The agreement comes on top of a €13 billion settlement with American authorities and consumers. The German company may still face other substantial penalties in the United States. Meanwhile, European dealers and consumers have little perspective of a similar deal.

EU fines Google €2.4 bn over online shopping

Brussels says Google has abused a near-monopoly position in online searches to favour its shopping service, but the US company said Brussels cannot prove the charges.

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