Benedict Benedict

Volkswagen Gets More Time To Sort Out Buy-Back/Fix Plan For Cheating Diesels

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]

cmorran123

Report: Sports Authority’s Last Hope To Keep Its Name Alive Backing Away From Deal

With fewer than 24 hours to go before Sports Authority’s self-imposed deadline for other companies to bid on its assets and store leases, the only competitor that seemed interested in bidding is reportedly now backing away from the deal.
[More]

Eric Arnold

Would $5,000 Make You Forget That Your VW Car Exceeds Emission Standards?

With only one day to go before Volkswagen is supposed to present a workable fix for more than 500,000 diesel vehicles equipped with “defeat devices” designed to cheat emission standards, the carmaker has reportedly reached a deal with U.S. regulators that includes the company paying billions of dollars to compensate owners.  [More]

GotCredit

“Tax Day” Is Monday, April 18 This Year, No Matter What Your iPhone Tells You

Back in January, the Internal Revenue Service made it clear that taxpayers had until April 18 to file their federal income taxes. Apparently, Apple’s calendar didn’t get the message.  [More]

(Kenny Lannert)

BMW Gets Extension To Come Up With Takata Replacement Parts

Automakers of cars equipped with defective Takata airbags have just a week to stockpile enough replacement parts to fix the vehicles deemed to be the most at risk for a rupture. That is, all of the carmakers beside BMW, which now has five additional months, after tests of its chosen replacement parts failed safety tests.  [More]

Benedict Benedict

VW Gets Another Month To Come Up With Plan For Vehicles With “Defeat Devices”

Today was the day, the deadline for Volkswagen to come up with a fix for some 500,000 diesel-engine vehicles that contain “defeat devices” to skirt federal emissions standards, only that didn’t happen. Instead, a judge is giving the company one more month.  [More]

(Eric Arnold)

Judge Gives Volkswagen Until March 24 To Come Up With Fix For Dirty Diesels

Volkswagen has one month to come up with a plan on how to fix nearly 500,000 diesel-engine vehicles that contain “defeat devices” to skirt federal emissions standards, a judge overseeing class-action suits against the carmaker declared on Thursday. [More]

Volkswagen May Buy Back, Replace Emissions-Cheating Diesels In U.S.

Volkswagen May Buy Back, Replace Emissions-Cheating Diesels In U.S.

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]

(Eric Arnold)

Nearly 120,000 VW Owners Accept “Goodwill Package,” Carmaker To Present Plan For Emissions Fix Friday

Last week, Volkswagen announced it would try to win over hundreds of thousands of consumers still waiting to hear just how the carmaker plans to fix their “clean diesel” vehicles rigged to cheat emissions tests by offering owners $1,000 in cash and credits. While the “goodwill package” was seen by some as a means to buy more time, it’s apparently working: nearly 120,000 individuals have taken the company up on its offer.  [More]

(paul bica)

Senators Urge GM To Extend Deadline For Filing Ignition Switch Claims

With just three days left before General Motors’ self-imposed victim compensation claim deadline, two senators are encouraging the car manufacturer to extend the cut off beyond January 31. [More]

Striking Verizon Workers To Lose Benefits If Strike Continues

Striking Verizon Workers To Lose Benefits If Strike Continues

Verizon isn’t too thrilled with the idea that it’s paying for health insurance benefits for 45,000 striking workers. Thus, the telecom giant has said it will cease funding certain benefits if those employees aren’t back on the job by the end of the month.

[More]