Owners of Toyota, Subaru, Mazda, and BMW vehicles affected by the massive shrapnel-shooting Takata airbag defect could soon receive compensation for past repairs and other economic losses, as the automakers agreed today to pay $553 million to compensate owners and create programs intended to repair defective airbags more quickly. [More]
compensation
Toyota, Subaru, Mazda, BMW To Pay $553M To Owners Of Vehicles With Potentially Lethal Takata Airbags
By 5.18.17 — Updated: 5.25.17
United Airlines Ups Compensation For Bumped Passengers To $10K
By 4.27.17 — Updated: 5.9.17
Over the past several weeks, United Airlines has taken steps to put an April 9 incident in which a passenger was violently removed from a flight behind it: revising crew travel policies, discontinuing the use of law enforcement to remove passengers, compensating passengers on the controversial flight, and, of course, issuing several apologies. Now the airline is revamping how it compensates passengers being bumped from flights and answering lingering questions from lawmakers. [More]
Feds Order MasterCard, RushCard Owner To Pay $13M Over Oct. 2015 Outages
By 2.1.17
Nearly 15 months after tens of thousands of users of the prepaid RushCard were cut off from their funds because of an apparent technical glitch, the company behind the card, UniRush and its payment processor MasterCard have been ordered to pay $13 million in refunds and penalties. [More]
Volkswagen Dealers To Receive $1.85M Each In “Dieselgate” Settlement
By 1.24.17
The final pieces of Volkswagen’s efforts to put the “Dieselgate” scandal behind it are beginning to fall into place, as a judge approved yet another billion-dollar settlement from the carmaker, this time relating to compensating dealers affected by the carmaker’s decision to equip more than 500,000 vehicles equipped with “defeat devices” used to skirt emission standards. [More]
VW Reaches Tentative Agreement To Compensate Dealers For Dirty Diesels
By 8.25.16
Volkswagen took another step in putting that whole “Dieselgate” thing behind it Thursday, filing a settlement agreement that would compensate dealers affected by the carmaker’s decision to equip more than 500,000 vehicles equipped with “defeat devices” used to skirt emission standards. [More]
Government Warns VW Sellers: Don’t Mislead Diesel Owners About Buyback Program
By 8.9.16
As part of a $15 billion settlement with the federal government, Volkswagen agreed to buy back hundreds of thousands of vehicles equipped with emissions-cheating “defeat devices.” While the lure of receiving more than the current value of their vehicle is presumably high for customers who feel duped by VW, federal regulators want to ensure these consumers receive what they’re entitled to through the settlement. [More]
Yahoo CEO Marissa Mayer Could Be In Line For Huge Payday After Verizon Deal
By 7.25.16
As you may have heard, Verizon reached a deal over the weekend to purchase Yahoo for $4.8 billion. What this means for the ‘90s internet relic, or those who serve at its helm is still unclear, but at least one of those people — CEO Marissa Mayer — stands to make a pretty penny if she indeed leaves the company when the deal is all said and done. [More]
Volkswagen May Compensate Dealers Over Diesel Emissions Scandal
By 7.18.16
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]
Volkswagen To Pay At Least $15B To Settle Federal Allegations In Dirty Diesel Scandal
By 6.28.16
Nine months after the Environmental Protection Agency and California Air Resources Board revealed that Volkswagen had used so-called “defeat devices” in nearly 500,000 diesel-engine vehicles in the U.S. to skirt emissions standards, the carmaker has finally reached a partial settlement package with the agencies, along with the Department of Justice and the Federal Trade Comission, to the tune of $15 billion. [More]
Lyft Slashing Weekday Rides In NYC By Half
By 5.23.16
Hitching a ride in a Lyft in New York City will be a bit more forgiving on your wallet this week: the ride-hailing company plans to cut weekday trip prices in half for a limited time. [More]
Volkswagen Offers To Buy Back Emissions-Cheating “Clean Diesel” Cars
By 4.21.16
Owners of one of Volkswagen’s 500,000 diesel vehicles equipped with “defeat devices” designed to cheat emission standards will have two options when it comes to fixing their vehicles: allow the carmaker to buy it back or have it modified to meet emissions standards. [More]
Uber Offers $10,000 “Bug Bounty” To Hackers Who Can Detect Service’s Security Flaws
By 3.22.16
No matter how hard a company works to ensure its secure its product is, someone, somewhere can find a security flaw in it that leaves it wide open to hackers. For these reasons, several organizations have sought the services of white-hat hackers to test for weaknesses in their networks and websites. Today, Uber joined that growing list of companies. [More]
Alaska Airlines Gives Passengers $100 Credit After Flight Disrupted By Drunk Traveler
By 3.16.16
When a flight is diverted to deal with a disruptive passenger, those left on the plane often receive little, if anything, in the way of compensation for the delay. But travelers on a recently interrupted Alaska Airlines flight received a financial apology from the airline. [More]
United CEO May Have Made Millions By Returning Early From Heart Transplant
By 3.11.16
United Airlines CEO Oscar Munoz returns to work on Monday only two months after a heart transplant. Was the airline exec’s speedy recovery spurred by a desire to get back to business, or did Munoz return earlier than planned because it was the only way to earn his full bonus?
[More]
Man Says His American Airlines’ Seat Was Soaked In Urine
By 2.25.16
Last year, a California couple were greeted by a truly gross experience when they found a barf bag full of, well, barf in the seatback of the flight they had just boarded. As difficult as it might be to believe, an Iowa man’s recent experience might top that disgusting discovery: he claims the seat he was assigned, and subsequently sat in, was soaked with urine. [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]
Tesla Sues Supplier Over Falcon-Wing Door Misrepresentations, Demands For Payment
By 1.20.16
The super-cool, futuristic looking doors on Tesla’s Model X might be eye-catching, but they were apparently a source of consternation for the company and one of its suppliers, according to a new lawsuit. [More]
Trial Starts In First GM Ignition Switch Defect Civil Lawsuit
By 1.11.16
The first of six planned civil trials involving General Motors’ faulty ignition switches that resulted in at least 124 deaths is slated to start today in a federal court in New York City. [More]
