VOLKSWAGEN

CEO Oliver Blume expects sales to increase by a third, as the redesigned model of the Panamera sedan hits European showrooms in November.

Individuals should be investigated in connection with the German automaker’s emissions scandal, the top U.S. law enforcement official said.

The settlement includes $10 billion to offer buybacks to owners of polluting vehicles and nearly $5 billion to offset excess diesel emissions and boost zero emission vehicles, a source said.

EU Industry Commissioner Elzbieta Bienkowska told a German daily Sunday the automaker should compensate its European customers the same way it would pay its U.S. car buyers.

Nearly 500,000 vehicle owners were affected by the German automaker's efforts to evade U.S. anti-pollution standards.

The German automaker is still dealing with the aftermath of its emissions cheating scandal that led to a 40 percent drop in its share price.

“At the same time that Volkswagen was deceiving U.S. investors and regulators with its rigged emissions systems, it was raising billions of dollars from investors,” a lawyer says.

But the precise number of models to be discontinued has yet to be decided, a Volkswagen spokesman said.

The German automaker, still reeling under the effects of last year’s massive emissions scandal, reported lower-than-expected earnings.

The German automaker joins others from the industry, such as General Motors and Toyota, which have invested in app-based ride-hailing services.

Still facing fallout over its emissions cheating fraud, the German auto giant says it negotiated a deal with a major labor union.

The $850 billion oil fund is expected to join class-action lawsuits filed against Volkswagen in German courts.

The U.S. automaker has turned around its European operation, and demand for its trucks is offsetting weakness in South America.

The German automaker displaced Toyota from the top spot in the first quarter of 2016 despite the emissions scandal that broke in September.

The carmaker also plans to invest $4.49 billion with its joint venture partners in China — the world’s biggest auto market — this year.

The German automaker was approached by U.S. regulators last week, following a class-action lawsuit filed against the company in February.

The German automaker has reached a deal in principle that is expected to include a buyback offer for 482,000 vehicles.

The German automaker will also spend about $1 billion to compensate owners as part of the agreement reached ahead of the April 21 deadline, reports said.

Under a settlement, the German automaker has agreed to pay $5,000 to U.S. car buyers affected by its emissions scandal.

Volkswagen has until Thursday to deliver its plan to fix more than a half-million U.S. diesel vehicles.

A Volkswagen spokesman said current promotions in Germany were around the same level as competitors'.