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.
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 …
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 …
Volkswagen AG (VOWG_p.DE) has made substantial progress toward reaching a final settlement next month with car owners and the U.S. government over the German automaker’s cheating on diesel emissions tests, a federal judge said on Tuesday. But major issues remain, including how much the world’s No. 2 automaker may have to pay in fines, which could run in the billions of …
Baron & Budd is investigating a potential class action lawsuit against Volkswagen (VW) and Audi involving alleged timing chain defects that can lead to thousands of dollars in engine damage. A similar case has been
filed in the U.S. District Court, District of New Jersey (In Re: Case No. 2:16cv02765).
Volkswagen AG, driving to move beyond a scandal that has disrupted its global business and sullied its reputation, announced a sweeping U.S. deal on Thursday to buy back or potentially fix about a half million polluting diesel cars and set up environmental and consumer compensation funds. The settlement, which sources and analysts said could cost VW (VOWG_p.DE) at least…
A judge for the US District Court for the Northern District of California said Thursday that German automaker Volkswagen AG (VW) has reached a settlement with the US Environmental Protection Agency (EPA), California officials and consumers over a plan to fix or buy back nearly 600,000 diesel-powered vehicles…
A federal judge in San Francisco has given Volkswagen one more month to meet a demand from U.S. regulators for a fix to its diesel engines. The automaker faced a deadline Thursday to create a fix acceptable to the California Clean Air Authority and the Environmental Protection Agency for diesel engines that emit more than acceptable levels of nitrogen oxides. U.S. District Judge Charles Breyer …
BERLIN Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. The lawsuit, for damages of 3.256 billion euro ($3.61 billion), was filed at a regional court in Braunschweig in VW’s home state of Lower Saxony on Monday and is …
CEO Matthias Mueller makes a statement, following a meeting ahead of deadline to inform U.S. regulators on plans to comply with standards, at the VW factory in Wolfsburg, Germany November 20, 2015. Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty …