VW to spend $14.7bn to settle emissions scandal

Volkswagen has agreed to pay up to $14.7 billion (£11bn) to settle allegations of cheating emissions tests and deceiving customers. Nearly 500,000 of the German carmaker’s diesel vehicle customers in the US can choose to sell back their vehicle, install pollution-control retrofits or terminate their lease without penalty. The car manufacturing giant is to spend […]

BP to pay investors $175m over oil spill claims

BP has agreed to pay out $175 million (£121.5m) to its shareholders over claims the oil giant misled them about the severity of the Gulf of Mexico oil spill in 2010. The Deepwater Horizon rig explosion spewed millions of barrels of oil onto the shorelines of several states and killed 11 workers. The settlement relates […]

BP agrees $7.8bn Deepwater Horizon settlement

BP has agreed to pay $7.8 billion (£4.9bn) to 110,000 businesses and individuals affected by the Gulf of Mexico disaster in April 2010. Despite this the US Department of Justice is expected to press ahead with its own $18 billion lawsuit against the British oil giant. BP reached the settlement for financial and and medical […]