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Ex-VW Managers Convicted in Germany in Diesel Scandal

Mint New Delhi

|

May 27, 2025

Verdicts are the tribunal's first in the criminal probe targeting senior staff at VW's main brand

- Bloomberg

Four former Volkswagen AG managers were convicted by a German court for their roles in the diesel-emission scandal, involving the manipulation of millions of cars and causing €2.1 billion ($2.4 billion) in damages to drivers.

Jens Hadler, who led diesel-engine development from 2007 to 2011, was sentenced to 4 1/2 years in prison over the sale of more than 2 million affected vehicles.

Former top engineer Hanno Jelden received 2 years and 7 months for aggravated fraud linked to the sale of nearly 3 million cars.

After a four-year trial, the Braunschweig Regional Court on Monday also handed former executive Heinz-Jakob Neusser a suspended sentence of 1 year and 3 months for his role in the emissions-cheating scheme, which began after it was discovered that vehicles were fitted with software to sidestep pollution rules.

Another lower-ranking manager, who can only be identified as Thorsten D., got a suspended sentence of 1 year and 10 months. All had sought acquittals.

Nearly a decade after the "dieselgate" scandal broke, the verdicts are the tribunal's first in the criminal probe targeting senior staff at VW's main brand.

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EV, hydro boom to power 6x rise in battery storage by ‘47

India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.

time to read

2 mins

November 27, 2025

Mint New Delhi

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Taxpayer base soars, but return filings lag sharply: CBDT data

India’s income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, according to latest data from the central board of direct taxes (CBDT).

time to read

3 mins

November 27, 2025

Mint New Delhi

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INSIDE THE QUIET RISE OF A GURUGRAM DEVELOPER

Rising from the ashes of NCR's property crisis, Signature Global became India’s 5th-largest listed realty firm in FY25 by sales

time to read

7 mins

November 27, 2025

Mint New Delhi

Market nears peak on dollar tailwind

Stocks jump 1.2%, but futures rollovers signal weak conviction

time to read

3 mins

November 27, 2025

Mint New Delhi

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SP Eyes Tata exit to cut debt costs

Debt-laden Shapoorji Pallonji Group is banking on Tata Trusts softening the stance on its potential exit from Tata Sons to reduce its borrowing costs, two people aware of the matter said.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Why computers are selling like hot cakes again

Sales of laptops, desktops and tablets had a bad time in India after a pandemic boom.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Candidates using AI? No, thanks, say IIT recruiters

As the annual placement season dawns at the Indian Institutes of Technology (IITs), colleges and recruiters are working to bar artificial intelligence (AI) tools and prevent cheating at test venues, a concern that first rose last year.

time to read

3 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Reliance JV, L&T to plough $13.5 bn into data centres

India’s data-infrastructure buildout hit a $13.5-billion inflection point on Wednesday, with a Reliance Industries Ltd (RIL) joint venture and Larsen & Toubro (L&T) announcing large-scale investments in data centres, driven by surging demand for artificial intelligence (AI) applications.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Softbank’s 40% fall from peak shows worry on OpenAI bet

Growing unease over frothy artificial intelligence (AI) valuations is weighing on shares of SoftBank Group Corp.

time to read

2 mins

November 27, 2025

Mint New Delhi

PepsiCo taps gourmet taste buds with Red Rock Deli’s India debut

Snack and cola maker PepsiCo is finally giving gourmet a chance with the launch of Red Rock Deli chips, priced ₹60 and ₹125 a pack, in a shift from its years-long focus on mass-market Lay's that starts as low as ₹5.

time to read

2 mins

November 27, 2025

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