Audi to buy back 25,000 Q7 diesel SUVs in U.S., report saysFri, 21, Oct 2016
Audi plans to buy back 25,000 Q7 diesel engine SUVs in the U.S. to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel reported today.
VW suppliers keen to avoid disputes despite price squeezeWed, 19, Oct 2016
Volkswagen suppliers seem keen to avoid more disputes with the company even as they face growing pressure from the automaker to accept price cuts in the wake of its diesel-emissions scandal.
VW said to seek final approval of U.S. emissions deal without agreed fixTue, 18, Oct 2016
Volkswagen Group is asking for a final sign-off on its $14.7 billion U.S. settlement with drivers caught up in its emissions scandal even as the automaker continues to seek regulators' approval for a fix for vehicles with "defeat device" software.
VW sued by Missouri over diesel emissionsMon, 17, Oct 2016
The state of Missouri sued Volkswagen, becoming the 17th U.S. state to take legal action against the German automaker over diesel emissions violations. Missouri's lawsuit adds to the financial risks for Volkswagen from suits filed by state regulators who are seeking financial penalties in addition to any federal or civil claims the automaker will pay.
VW to pay $175 million to U.S. lawyers suing over emissionsFri, 14, Oct 2016
Volkswagen agreed to pay $175 million to U.S. lawyers suing the German automaker on behalf of 475,000 owners of vehicles that violate U.S. emissions rules, Reuters reported. In August, lawyers sought up to $332.5 million in fees and costs for their work in a $10 billion settlement.
Badge bandits strike Texas state fairMon, 17, Oct 2016
Thieves in Texas already are eyeballing the special badges on Ram's just introduced 2017 Lone Star Silver Edition.
JTEKT agrees to pay $62.5M to settle class-action lawsuits over price-fixingWed, 12, Oct 2016
Automotive-parts supplier JTEKT agreed to pay $62.5 million to settle class-action lawsuits over price-fixing allegations. JTEKT will pay $47.5 million to U.S. consumers, the company said Wednesday, and the remaining $15 million is expected to be paid to dealerships in two suits.
VW relief package: It's somethingMon, 10, Oct 2016
It's hard to tell whether VW's $1.21 billion compensation plan will make dealers whole. But retailers say the compensation represents a much-needed boost as they labor to move beyond the crisis.
VW CEO Mueller had no knowledge of diesel scandal, paper saysSun, 09, Oct 2016
VW Group CEO Matthias Mueller had no knowledge of the company's diesel emissions cheating, Germany's Bild am Sonntag newspaper said, citing a report by Jones Day, the law firm tasked with investigating the scandal.
Congresswoman raises concerns about VW settlement oversightSat, 08, Oct 2016
A settlement with U.S. regulators gives Volkswagen too much authority over how to spend $2 billion on electric vehicle technology, a U.S. congresswoman from California said this week in a letter.
Takata hires law firm Weil Gotshal with bankruptcy among options, report saysFri, 07, Oct 2016
Japanese auto supplier Takata, whose defective airbag inflators triggered the biggest recall in auto industry history, hired law firm Weil Gotshal & Manges to help it weigh options that could include bankruptcy or a sale, people with knowledge of the matter told Bloomberg.
VW has no plans to sell brands, Poetsch tells paperFri, 07, Oct 2016
VW Group will not sell any of its brands or seek a capital increase to meet the costs of its emissions scandal, Chairman Hans Dieter Poetsch told a German newspaper. VW does not need to increase the $19.8 billion it has set aside to pay for costs related to the scandal, he said.