Photo: DPAVolkswagen shares gained on the Frankfurt stock exchange 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 percent just after 0900 GMT to trade at €126.50 ($150.50), against a DAX index of leading German shares up 0.5 percent. Judge Charles Breyer found that VW's settlement of the case with federal authorities made compensation to individual states unnecessary. Some 600,000 of VW's 11 million vehicles worldwide fitted with software designed to cheat regulatory emissions tests were sold in the US. "Importantly, the court recognised that any environmental harm in Wyoming or similarly-situated states has been fully mitigated by settlements with the federal government," he added.

Source: The Local September 01, 2017 09:45 UTC