The class-action settlement agreement proposes using what is essentially the wholesale value of the vehicle at the time of sale, rather than the retail value. The wholesale value of a vehicle can range from hundreds to thousands lower than the retail value. Wholesale cost is the price dealers pay when they buy cars at auction.
On Wednesday, West Virginia Attorney General Patrick Morrisey expanded the state’s lawsuit against Volkswagen Group of America to include allegations against its parent company, in addition to Audi, Porsche and the German engineering corporation Robert Bosch. The amended complaint, filed in Kanawha Circuit Court, charges Volkswagen, Audi and Porsche used Robert Bosch …
The millions allocated to Alaska are based on the number of vehicles sold in the state. The law department says there were 1,245 affected Volkswagen and Audi 2.0 liter diesel vehicles here. That money will go to consumer protection enforcement and education at the direction of the attorney general, said assistant attorney general Davyn Williams.
Volkswagen has reached an agreement in one of the largest class-action settlements the United States has ever seen. The hefty $14.7 billion sum is the result of the manufacturer settling with customers affected by its diesel emissions cheating scandal — which proved Volkswagen deliberately equipped roughly 475,000 diesel cars with software that bluffed emissions regulations for years, and …
Volkswagen owners can finally dump their cheatin’ cars, if they want to. The German automaker has agreed to an unprecedented U.S. settlement to make things right after admitting that it programmed about half a million of its diesel cars to cheat on emissions tests. When driven on the road, the vehicles put out levels of nitrogen oxide well above U.S. pollution standards.
Thousands of Arizonans who own certain so-called “clean diesel” Volkswagen and Audi vehicles are eligible for compensation from a federal class action settlement over emissions claims. The German automaker agreed to buy back or fix the “clean diesel” vehicles and give out thousands of dollars to the owners, according to Arizona Attorney General Mark Brnovich. The affected cars include 2009 …
The record $15.3 billion settlement in the Volkswagen diesel-emissions cheating scandal will affect nearly 30,000 vehicles sold in Illinois, as well as thousands of owners who went from brand loyalists to betrayed. Some owners can’t wait to sell their cars back to VW, ending a nightmare that turned their beloved and peppy “clean diesel” cars into a source of driveway shame. Others have mixed …
Boston Retirement System, the public pension fund for Boston municipal employees, filed the first bondholders proposed class action against Volkswagen AG (VOWG_p.DE) related to the company’s diesel emissions scandal, law firm Labaton Sucharow LLP said. The lawsuit, which also names as defendants Volkswagen Group of America Inc and Volkswagen Group of America Finance Inc, claims that “false and …
Volkswagen AG will pay owners of its polluting diesel cars up to $7,000, and agree to fund a grant program to offset air pollution, under a $10 billion settlement being negotiated for submission to a federal judge next week, people familiar with the talks said. VW will provide cash payments worth between $1,000 and $7,000, depending on the vehicle’s age and other factors, to compensate …
Daimler is now facing a “defeat device” class-action lawsuit similar to what fellow German automaker Volkswagen has been struggling with recently. Owners of Mercedes-Benz diesel cars have filed a new class-action lawsuit …