Category: Congress

By on March 15, 2016


The numbers are big — 278 investors seeking $3.61 billion — but the latest lawsuit leveled at Volkswagen is merely another drop in the penalty bucket for the embattled automaker.

As has been expected for some time, a group of institutional investors from numerous countries is seeking compensation for financial damage caused by Volkswagen’s diesel emissions scandal, Reuters is reporting.

The lawsuit was filed Monday in a Lower Saxony court — the same jurisdiction as Volkswagen’s headquarters — and alleges the automaker breached its duty under capital markets law between the time the “defeat device” was first installed in diesel models and when the scandal went public last September. Read More >

By on March 10, 2016

Volkswagen Chattanooga Tower

Like ripples in a pool of sulphur-rich oil, the impact from Volkswagen’s diesel emissions scandal keeps spreading.

In a cost-cutting measure designed to mitigate the growing financial damage caused by the scandal, Volkswagen is planning to cut 3,000 administration jobs in Germany, according to Reuters.

Read More >

By on March 9, 2016

Michael Horn

Volkswagen’s American operation is looking for a new leader.

Michael Horn, president and CEO of Volkswagen Group of America, stepped down effective immediately on March 9.

The company stated that Horn departed in mutual agreement with the company, and will be pursuing other opportunities.

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By on March 8, 2016

SEMA show 2011(Wikimedia Commons (CC BY-SA 2.0)

Attention, racecar enthusiasts: Your Congressional representatives are looking out for you!

Normally, this phrase would be met with suspicion and outright fear, but for those fighting the Environmental Protection Agency’s proposed regulation on racecar conversions, it’s the best news they’ve had in weeks.

A bipartisan bill introduced in Congress would protect the track-only use of modified street vehicles for use in competition, a practice the EPA is seeking to prohibit. Read More >

By on March 5, 2016

2016 Volkswagen Jetta rear 3/4

Volkswagen won’t be meeting a March 24 deadline to outline a diesel fix for U.S. regulators, Automotive News reports.

Volkswagen brand chief Herbert Diess made the admission in a German newspaper on March 5, claiming it will take the embattled company months, not weeks, to work out a fix for vehicles affected by the the diesel emissions scandal.

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By on March 3, 2016

2016 Volkswagen Passat (9 of 14)

An American man will soon enjoy the task of making people love his controversial company again.

That, Goodyear’s been watching I, Robot, Toyota shatters its corporate structure, sentiment grows for better braking, and the feds say the airbag recall has gone far enough … after the break!

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By on March 1, 2016

2015 BMW X4, Image: BMW

Amsterdam’s port facility is more crowded than a Walmart on Black Friday and it’s all China’s fault.

That, BMW wonders how it all went wrong, Millennials bare their souls to a salesman, Toyota walks down memory lane, and a safety regulator has some explaining to do … after the break!

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By on February 27, 2016

Ralph Nader, Black and White, Image: Sage Ross/Flickr

The author of the most famous — and controversial — book ever penned about the automotive industry turns 82 today.

Automobile safety crusader Ralph Nader probably wouldn’t have made it to this ripe old age if the industry hadn’t made design changes and undergone cultural reforms in the wake of his scathing 1965 publication “Unsafe at Any Speed.”

That book, which laid bare design flaws and the general lack of regard for safety during the then-Big Three’s heyday, ultimately sunk the innovative ‘swing axle’ Chevrolet Corvair — or as Nader called it, “The One-Car Accident.”

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By on January 16, 2016

A recalled Chevy Cobalt ignition switch is seen at Raymond Chevrolet in Antioch

The man in the middle of GM’s faulty ignition switch has finally spoken, and the word “mistake” came up at least twice.

That, does anyone have the number for Google, GM and Honda may join forces, and take a cab … after the break!

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By on January 15, 2016

2012 Lexus RX450h Autonomous Car By Google. Photo courtesy Wired Magazine.

U.S. Department of Transportation Secretary Anthony Foxx on Thursday said his department would seek nearly $4 billion over the next 10 years to standardize rules for self-driving cars and make it easier for carmakers to offer more autonomous vehicles.

The plan was mentioned Tuesday by President Barack Obama during his final State of the Union address and detailed by Foxx at the North American International Auto Show in Detroit.

The plan would create a uniform autonomous vehicle policy for states to adopt and would allow more exemptions from current safety regulations for self-driving technology.

Only a few states currently allow autonomous vehicles on their roads, including California, Nevada and Michigan.

Read More >

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