Volkswagen shares rise
Shares in the group added 0.9% to trade at 126.50 euros
Volkswagen group's CEO Matthias Mueller posing with Sedric, the group's first autonomous car prototypte, unveiled on March 6, 2017, on the eve of the Geneva motor show. PHOTO: AFP
FRANKFURT:
Volkswagen shares gained on the Frankfurt stock exchange on Friday as two favourable court decisions related to the car giant’s long-running “dieselgate” emissions scandal comforted investors. Shares in the group added 0.9% to trade at 126.50 euros ($150.5) against a rise of 0.5% in the DAX index of leading German shares. In the United States, a federal judge in San Francisco ruled on Thursday against the state of Wyoming, which had claimed billions of dollars from VW for its diesel vehicles’ infringement of environmental laws, newspaper Frankfurter Allgemeine Zeitung reported. Judge Charles Breyer found that VW’s settlement of the case with federal authorities made compensation to individual states unnecessary.
Published in The Express Tribune, September 2nd, 2017.
Volkswagen shares gained on the Frankfurt stock exchange on Friday as two favourable court decisions related to the car giant’s long-running “dieselgate” emissions scandal comforted investors. Shares in the group added 0.9% to trade at 126.50 euros ($150.5) against a rise of 0.5% in the DAX index of leading German shares. In the United States, a federal judge in San Francisco ruled on Thursday against the state of Wyoming, which had claimed billions of dollars from VW for its diesel vehicles’ infringement of environmental laws, newspaper Frankfurter Allgemeine Zeitung reported. Judge Charles Breyer found that VW’s settlement of the case with federal authorities made compensation to individual states unnecessary.
Published in The Express Tribune, September 2nd, 2017.