Last month, Volkswagen agreed to compensate owners of more than 500,000 vehicles equipped with “defeat devices” used to skirt emission standards. Now, the carmaker is reportedly promising to also make it up to dealers affected by the scandal through an unspecified restitution plan. [More]
coming up with a plan
Report: VW To Pay $10.2B To Settle Emissions Issues
By 6.23.16
It doesn’t pay to cheat. That’s the lesson Volkswagen will likely learn next Tuesday, when the (extended) deadline expires for filing a final settlement agreement to resolve its use of emissions-cheating “defeat devices” in more than 500,000 vehicles in the U.S. According to one report, VW’s “clean diesel” debacle will cost the carmaker $10.2 billion. [More]
Volkswagen Gets More Time To Sort Out Buy-Back/Fix Plan For Cheating Diesels
By 6.16.16
In April, Volkswagen and federal regulators came to a proposed settlement agreement that would see the embattled carmaker offer to buy back hundreds of thousands of vehicles equipped with emissions-cheating “defeat devices.” However, that plan was still far from final, and didn’t explain how VW would actually fix these cars. The court had given the company and the government until June 21 to reach a final agreement, but now that deadline has been extended — just the latest extension for the carmaker that admitted to using emissions-cheating software in more than 11 million vehicles worldwide. [More]
Report: Regulators Ask VW To Produce More Electric Vehicles To Make Up For That Emissions-Cheating Stuff
By 2.22.16
While hundreds of thousands of consumers in the U.S. continue to wait for Volkswagen to create a plan to fix vehicles that cheat emission standards, federal regulators are apparently looking to the future, asking the carmaker to produce more electric vehicles in the country as a sort of penance for its use of “defeat devices” in diesel cars. [More]
Volkswagen May Buy Back, Replace Emissions-Cheating Diesels In U.S.
By 2.8.16
While owners of Volkswagen’s emission-cheating vehicles in the U.S. continue to wait for news on how the company plans to fix their cars, one lawyer working for the automaker says he’s preparing a generous compensation package for affected consumers. [More]
Regulators Could Call On Other Parts Makers To Increase Production Of Replacement Takata Airbag Inflators
By 9.11.15
Just days after federal regulators announced they would hold a public meeting to once again address the slow replacement of defective, shrapnel-shooting, Takata-produced airbags linked to eight deaths and hundreds of injuries, officials with the agency outlined what steps it could take to finally coordinate the messy recall. [More]
