VW Jumps to Six-Week High as Investors Expect Settlement in U.S.
- VW says diesel emissions fix progress makes trial unneeded
- Carmaker tells judge a hearing on Thursday will back it up
VW Agrees to Set Aside $10 Billion to Resolve Claims
This article is for subscribers only.
Volkswagen AG rose to a six-week high after the manufacturer said it expects no need for a U.S. trial in mid-2016 over damages related to rigging diesel-engine control software to dupe emission tests.
VW jumped as much as 5.4 percent to 119.50 euros, the highest intraday price since March 7, and was trading up 5 percent as of 11:07 a.m. in Frankfurt. That pared the stock’s decline since the scandal became public in September to 27 percent.