#VwDieselScandal

After the awkward auto show apologies of the past year, Volkswagen executives are looking forward to a rosy time in the near future after the brand stabilizes itself.

Those “good times” will return, according to global brand chief Herbert Diess, but not before three to four years of rough slogging. In a Bloomberg TV interview from the Paris Auto Show, Diess mulled adding new models to its U.S. lineup.

How much can we chop away while keeping the body alive?

The U.S. Justice Department’s plans for Volkswagen’s criminal fine is like a horror movie, only with corporate finances playing the role of a writhing human subject.

According to two sources close to the negotiations, the DOJ wants to extract as much monetary lifeblood from the automaker as possible, while keeping the company afloat, Bloomberg reports.

After German media reported his suspension last week, Audi announced today technical development boss Stefan Knirsch is stepping down and leaving the automaker.

The executive, who sat on Audi’s management board, found himself caught up in the investigation surrounding Volkswagen’s diesel emissions scandal. Meanwhile, a German newspaper claims that newly discovered documents show ex-Volkswagen CEO Martin Winterkorn mislead U.S. authorities before the scandal broke.

Despite witnesses claiming Audi CEO Rupert Stadler was involved in the Volkswagen emissions scandal, the law firm investigating the company has reportedly found no evidence to support the claim.

According to company sources, U.S. law firm Jones Day found nothing that suggests the company chairman had any prior knowledge of the brand’s rigged diesel engines, Reuters reports.

It’s not the podium an automaker wants to find itself on top of.

After marking the first anniversary of its emissions debacle, former “clean diesel” builder Volkswagen finds itself staring down the barrel of $9.15 billion in investor lawsuits, the Wall Street Journal reports.

When it comes to being sued by investors, no German company can match Volkswagen’s performance.

Who knew what, and when? That’s what investigators at U.S. law firm Jones Day plan to find out when it puts Audi chief Rupert Stadler on the hot seat in its investigation of the Volkswagen diesel scandal.

According to a report in Germany’s Der Spiegel, witnesses at the company claim Stadler knew about the diesel deception as early as 2010, Bloomberg reports.

The news comes as another German publication reports the suspension of Audi technical development boss Stefan Knirsch.

The U.S. federal indictment of Volkswagen engineer James Liang, stemming from the automaker’s effort to cheat on emissions testing of their supposedly “clean” diesel engines, mentions an as-yet unindicted co-conspirator, “Company A”.

That firm allegedly helped Liang and his team at VW develop the software routine that only activated emissions controls when vehicles were being emissions tested. Company A was identified in the indictment as a Berlin-based automotive engineering company that is 50 percent owned by the Volkswagen group, which is also Company A’s biggest customer.

On September 9th, Volkswagen engineer James Liang pleaded guilty after being indicted on a variety of crimes related to VW’s deliberate use of a software routine that cheated on government diesel emissions testing.

Until his guilty plea was entered in United States District Court in Detroit, Liang’s indictment was under seal. Now that it has been made public ( full PDF version here), we know more details about VW’s cheat and it turns out that the German automaker even updated the original software cheat — apparently to work more effectively — with a patch delivered in the guise of fixing emissions related warranty claims.

As the scandal was breaking, Volkswagen also deliberately supplied government agencies with false data to make the problem appear to be the result of a mechanical malfunction, not a defeat device.

A criminal charge has been laid in the U.S. Justice Department’s probe into the Volkswagen diesel emissions scandal.

A Volkswagen engineer pleaded guilty to conspiracy charges in a U.S. District Court in Detroit today, Reuters reports.

Faced with the option of waiting to see if their cars can be fixed or accepting a hefty cash payout, diesel Volkswagen owners are opting to take the money and run.

Once-fierce loyalty to the dirty “clean diesels” seems to have evaporated, as most owners who’ve registered for the settlement want the automaker to buy back their car, Automotive News reports.

Former Volkswagen chairman Ferdinand Piëch resigned his position a month after questioning and failing to get answers from ex-CEO Martin Winterkorn about the company’s defeat devices, an internal probe revealed.

The finding from the investigation by U.S. law firm Jones Day was published in the German newspaper Bild am Sonntag, Bloomberg reports, shedding light on the power struggle that preceded the diesel emissions scandal.

Volkswagen continues to claim that with enough time, it can figure out a way to fix 85,000 high-end diesel vehicles in the U.S. without having to buy them back. There’s a problem, though. Time is running out.

After the presiding over yesterday’s settlement deal between Volkswagen and its dealers, a U.S. District Court judge gave the automaker two months to submit a fix for its 3.0-liter TDI models, Reuters reports.

It didn’t take long for sources to squeal about the size of the settlement forged yesterday between Volkswagen and its ornery U.S. dealer network.

According to people familiar with the deal, 652 VW dealers will share about $1.2 billion to offset losses from unsold vehicles and sunk costs, Bloomberg reports. But cash is only one part of the company’s plan. The other involves its customers’ wallets.

America’s Volkswagen dealers took the brunt of the automaker’s diesel emissions scandal, but a cash payout designed to ease their troubles is on the way.

Lawyers for the dealers, who were once poised to revolt against their employer, announced a tentative settlement deal with the automaker today, Reuters reports.

Lawyers representing U.S. Volkswagen owners claim European auto parts supplier Bosch was a willing accomplice in the scheme to deceive diesel buyers and regulators.

The scandal forced the automaker into a $15.3 billion settlement in the U.S., but its corporate partners escaped relatively unscathed. That might not be the case anymore, Bloomberg reports.