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Decades of feel-good corporate outreach and a hug-worthy relationships with buyers didn’t stop potential customers and veedub diehards from fleeing Volkswagen after the diesel stink bomb went off in Wolfsburg.
Like a husband of 50 years caught cheating with his wife’s sister, the intentional deception behind the diesel emissions scandal shattered the hard-earned trust between the company and its consumers. Thanks to that, Volkswagen’s sales trajectory now mimics that of a very leaky submarine.
Could Volkswagen have managed the scandal better, and can the company rebuild that lost trust?
According to the consumer opinion-tracking Reputation Institute, the answers to those questions are “you bet” and “yeah … it’s gonna take a loooong time.” Read More >
Investigators are still probing Volkswagen’s actions in the diesel emissions scandal, but the board that oversees the actions of the company’s top brass isn’t too concerned.
The supervisory board, made up of investor and labor interests, just cleared Volkswagen’s management of any breaches of duty in 2015 in preparation for their annual shareholders meeting, Bloomberg reports.
To say 2015 was an eventful year for Volkswagen is akin to saying Neil Armstrong had fun in the late ’60s. It was so eventful, its CEO took a permanent vacation. Many medicine cabinets in Wolfsburg were likely renovated to handle an influx of new prescriptions. Read More >
After agonizing over a fix for its 2.0-liter diesel models, Volkswagen is close to finalizing a plan for vehicles powered by the 3.0-liter TDI V6.
The first fix forced Volkswagen into a wildly expensive buyback-and-fix program for the nearly half million 2.0-liter TDIs sidelined by the diesel emissions scandal, but that won’t be needed for the bigger engines, sources close to the issue tell Bloomberg. Read More >
Ford Motor Company issued three recall notices today, but top billing goes to a sensor problem linked to the sudden downshifting (to first gear!) of certain vehicles.
That safety recall involves 202,000 2011-2012 Ford F-150, 2012 Expedition, Ford Mustang and Lincoln Navigator vehicles. Read More >
Mitsubishi’s fuel economy scandal blew up yesterday after the automaker admitted it has issued misleading mileage data since C+C Music Factory was at the top of the charts.
The scandal that started with inflated mileage numbers on a single minicar one week ago now extends to all Japanese market Mitsubishi vehicles sold over the past quarter century. Reuters is reporting that the automaker compiled fuel economy data using U.S. standards, rather than the Japanese standards that factor in much more city driving. Read More >
If 1958 wasn’t the peak of automotive glitz and excess, it was damn close to it.
American automakers, emboldened by a never-ending postwar buying spree, heaped more chrome and new technology onto their models that year than ever before. Uplevel models — Lincoln, Buick and Olds, especially — were the worst offenders, somehow managing to make themselves look 1,000 pounds heavier than their tasteful ’57 predecessors. Read More >
Like an unoccupied Dodge Charger stuck in “Drive,” Fiat Chrysler Automobiles’ gear selector controversy was rapidly building momentum before yesterday’s announcement.
Responding to numerous instances of runaway vehicles and an expanding National Highway Traffic Safety Administration investigation, FCA voluntarily recalled 811,586 vehicles in the U.S. and 52,144 in Canada, and a further 265,473 in Mexico and overseas. Read More >
Dirty Volkswagen diesels equipped with illicit “defeat devices” could soon be flying off driveways and into oblivion.
Sources briefed on the matter told Reuters (via Automotive News) that the automaker will offer to buy back up to half a million 2.0-liter TDI models in the U.S. that emit illegal levels of smog-causing emissions.
They expect that Volkswagen will make the offer tomorrow before a federal judge. The company’s deadline for a U.S. fix is tomorrow, and a failure to act will result in a trial the automaker desperately wants to avoid. Read More >
J.D. Power and Associates is planning to put more of your possessions under the microscope, now that they’ve taken on new ownership in a deal worth $1.1 billion.
Best known for its vehicle quality ratings, J.D. Power, a unit of McGraw Hill Financial Inc., was snapped up yesterday by London-based XIO Group, according to Reuters (via Automotive News).
The investment firm muscled out a competing private equity firm to land the cash deal, which is expected to close in the third quarter of this year. XIO Group has a strong footprint in China, where it is linked to many high-powered investors. Read More >
A group of Jeep fans wants Fiat Chrysler Automobiles CEO Sergio Marchionne to make a Sophie’s Choice-style decision to save their beloved offroader.
To avoid the destruction of the storied brand at the hands of its parent company, FCA must cast it loose, the group states in a strongly-worded Change.org petition.
“As owners and fans of Jeep vehicles, we are calling on Fiat Chrysler Automobiles to separate Jeep from FCA’s stable of failing brands and debt,” the petition states. “We urge FCA to execute a spinoff to save Jeep.”
Read More >