Find News by Subject:
Owners of the 482,000 2.0-liter TDI models caught up in the diesel emissions scandal will get cash compensation tied to the age of their vehicle, anonymous sources said today.
Volkswagen won’t release details on its buyback/fix/remediation plan until Tuesday of next week, but sources briefed on the matter blabbed to the media despite a court-imposed gag order. The Associated Press puts the cost of settling the U.S. fallout at $10.2 billion, with some of that money going towards government penalties.
It’s already known that Volkswagen plans to buy back (or fix, at the owner’s request) 2.0-liter diesel models sold from 2009 on. What’s murky is whether the figures quoted by the sources relate to the vehicle buyback or the separate compensation expected to be handed to owners. Read More >
Let’s hope the cutlery was plastic and the sandwiches didn’t come with toothpicks.
Amid an investigation into the emissions scandal that recently ensnared the company’s ex-CEO and current brand chief, Volkswagen shareholders big and small gathered today to calmly discuss the company’s actions and finances.
By all accounts, the calm didn’t last. Read More >
A day after German prosecutors announced an investigation into former Volkswagen CEO Martin Winterkorn, the company’s brand chief was named as the second executive placed under the microscope in their probe of the diesel emissions scandal.
Herbert Diess, the man lured away from BMW last year to oversee the Volkswagen passenger car brand, now gets to enjoy his own investigation, according to Reuters. Read More >
The first suspect identified by German prosecutors in their probe of the Volkswagen diesel emissions scandal is none other than the company’s former CEO.
Martin Winterkorn is under investigation for his role in the “defeat device” deception after the country’s financial watchdog demanded it, according to the New York Times. Read More >
Where is a parked car not a parked car? The answer is California, where your vehicle will magically transform into an empty spot with a scattering of window glass on the pavement.
The National Insurance Crime Bureau (NICB) just released its 2015 vehicle theft Hot Spots report, and the Golden State gets top billing, with eight of its cities listed in the top 10. Read More >
When a police cruiser lights up behind you, a driver usually fears two things: a costly speeding ticket, or a roadside breathalyzer test.
The driver probably isn’t worrying about having the contents of his or her bank account seized, followed by a long and possibly fruitless journey to recoup their lost cash, but that’s the power local law enforcement has over its citizens.
And technology is now making it easier to use that power more and more often. Read More >
Reuters is reporting that Gawker Media, parent company of automotive website Jalopnik, has filed for Chapter 11 bankruptcy.
A judge recently ordered the company to pay $140 million in damages after it aired a 2007 sex tape featuring former wrestler Hulk Hogan, who then sued Gawker for invasion of privacy. The company had requested a stay, but was denied based on the terms they laid out.
The New York Times reports that Gawker Media will now put itself up for sale, according to a source close to the matter. The source claims the company is starting a yet-to-be announced auction, and that digital media company ZiffDavis already submitted a starting bid of $90 million to $100 million. Read More >
The man who allegedly opened fire on two UAW officials last week, wounding both, has been arrested and charged, Chicago police announced late Tuesday.
William Cowart, 50, was brought in on charges of felony aggravated battery and discharging a firearm in connection with the June 3 shooting. Read More >
As the Environmental Protection Agency readied charges against Volkswagen, the automaker’s employees were told to remove evidence related to the diesel emissions scandal, German media reports claim.
The New York Times says several Volkswagen employees told investigators that just before the scandal broke, someone in a “supervisory position” told them indirectly to remove evidence of the emissions-cheating defeat devices installed in millions of diesel vehicles. Read More >
Volkswagen can start hauling the first of 800,000 Passat, CC and Eos models off of European streets after a German regulator granted approval to the automaker’s diesel emissions fix.
The Federal Motor Transport Authority (KBA) says there’s nothing wrong with the plan to bring 2.0-liter diesel versions of those models into compliance with pollution laws. No doubt Volkswagen execs are happy to cross off another thing off their “to do” list. Read More >