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

MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen    VOW3   DE0007664039

VOLKSWAGEN

(VOW3)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Volkswagen : may face U.S. SEC lawsuit over failure to disclose emissions cheating

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/14/2019 | 01:58pm EDT
FILE PHOTO: A Volkswagen badge on a new model at the  Geneva International Motor Show

WASHINGTON (Reuters) - Volkswagen AG said the U.S. Securities and Exchange Commission may sue the German automaker over its failure to disclose its diesel emissions scandal to investors.

VW said in its annual report https://bit.ly/2HlE1Su released earlier this week that the SEC probe focuses on the automaker's nondisclosure of "certain Volkswagen diesel vehicles' noncompliance" with U.S. emissions rules.

Volkswagen did not have an immediate comment.

Volkswagen has agreed to pay more than $25 billion in the United States in connection with "Dieselgate" for claims from owners, environmental regulators, states and dealers, and has offered to buy back about 500,000 polluting U.S. vehicles.

VW admitted in September 2015 to secretly installing software in nearly 500,000 U.S. vehicles to cheat government exhaust emissions tests and pleaded guilty in 2017 to felony charges. In total, 13 people have been charged in the United States, including four Audi managers.

Regulators and investors have sought penalties and damages from Volkswagen, arguing the carmaker should have informed investors in a more timely fashion about the size and scope of fines related to its diesel emissions cheating scandal. German securities law requires Volkswagen to publish market sensitive news in a timely fashion.

Volkswagen admitted to U.S. regulators to having used an illegal “defeat device” on Sept. 3, 2015 but did not inform investors. The U.S. Environmental Protection Agency and California’s Air Resources Board made VW’s cheating public on Sept. 18, 2015.

Volkswagen has argued that it was not obliged to inform investors earlier because it did not believe it was facing fines in totaling billions of dollars.

(Reporting by David Shepardson; Editing by Lisa Shumaker and Dan Grebler)

By David Shepardson

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VOLKSWAGEN
06:58aDAIMLER : Prosecutors fine Bosch 90 million euros for emissions cheating role
RE
06:43aVOLKSWAGEN : launches new service called “We Experience”
PU
06:35aGermany's struggling car industry won't see significant rebound - Ifo
RE
06:08aVOLKSWAGEN : Goosebumps guaranteed!
PU
06:08aVOLKSWAGEN : Audi will become a provider of holistic CO2-neutral premium mobilit..
PU
04:23aVOLKSWAGEN ID.R ON THE NORDSCHLEIFE : High-tech meets tradition
PU
04:15aAudi Raises EV Sales Targets
DJ
05/22ON BEHALF OF BIODIVERSITY DAY : Group calls on employees and plants to intensify..
PU
05/22VOLKSWAGEN : New T-Cross scores five stars in Euro NCAP
PU
05/22VOLKSWAGEN : The entire automotive industry is going through a period of profoun..
PU
More news
Financials (€)
Sales 2019 243 B
EBIT 2019 17 371 M
Net income 2019 13 491 M
Finance 2019 25 385 M
Yield 2019 4,09%
P/E ratio 2019 5,36
P/E ratio 2020 5,03
EV / Sales 2019 0,20x
EV / Sales 2020 0,16x
Capitalization 72 883 M
Chart VOLKSWAGEN
Duration : Period :
Volkswagen Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VOLKSWAGEN
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 193 €
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Member-Supervisory Board
Bernd Osterloh Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN3.87%81 246
TOYOTA MOTOR CORP5.16%191 998
DAIMLER AG10.72%60 620
GENERAL MOTORS CORPORATION6.28%50 424
BAYERISCHE MOTOREN WERKE AG-9.15%46 563
HONDA MOTOR CO LTD0.25%46 495