The dialogue from Tesla wasn’t all rainbows and puppies this week.
In oddly coordinated diatribes, CEO Elon Musk and his vice-president of business development took off the soft driving gloves and laid into their competition and the country’s regulators. The message? Put up, pay up, or shut up. (Read More…)
Volkswagen diesel owners will be able to spend many happy, polluting miles on the road, even after they request a fix instead of a buyback.
Buried in the automaker’s $15.3 billion U.S. settlement is the expectation that most of the recalled vehicles will still spew twice the allowable rate of emissions after being repaired, according to Bloomberg. A fix for the 475,000 2.0-liter diesels hasn’t been approved, but regulators fully expect any repair plan to fail — and they’re grudgingly okay with it. (Read More…)
The federal agencies reviewing the country’s corporate average fuel economy (CAFE) targets are pleasantly surprised by the amount of fuel-saving technology in modern vehicles, and hint that the target they decided on back in 2011 is still doable.
Those agencies just released a technical assessment report (TAR) to guide the review process. In it, they figured that vehicles will average between 50 and 52.6 miles per gallon by the target year of 2025 — if gas stays stable and consumers continue buying SUVs and trucks.
That’s not too far off the original target, and judging by the optimistic tone of the report, it’s likely the 54.5 mpg mandate will stay intact. (Read More…)
California’s Air Resources Board wants nothing to do with Volkswagen’s proposed fix for its 3.0-liter VW, Audi and Porsche TDI models equipped with emissions-cheating defeat devices.
The regulator rejected the automaker’s plan yesterday, and later issued a release calling it “incomplete and deficient in a number of areas.” For Volkswagen, CARB’s rejection is a major setback to its goal of settling the rest of its diesel emissions scandal fallout without another expensive buyback program. (Read More…)
Halfway through its mandate to have 15.4 percent of the state’s vehicles generate zero emissions by 2025, the California Air Resources Board (CARB) is now considering changing its requirements.
The problem is too many credits handed out to green car manufacturers, who then sell them to dirtier automakers to bolster their standing with CARB, Bloomberg reports. (Read More…)
A group of automakers wants Big MPG to know they’re out of touch when it comes to fuel efficiency targets, and would really like it if they stopped paying so much attention to California.
The Alliance of Automobile Manufacturers — a Washington lobbying group made up of General Motors, Ford, Fiat Chrysler Automobiles, Volkswagen and Toyota — wants to impact the midterm review of 2025 fuel economy targets set in 2011, Bloomberg reports. (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…)
Embattled automaker Volkswagen reached a long-awaited settlement deal in principle with regulators this morning in a California courtroom.
Before presiding judge Charles Breyer, Volkswagen agreed to buy back afflicted diesel models from U.S. buyers, while compensating their owners from a newly created fund. The automaker would accept early termination on leased models, and fix some vehicles if requested by owners. (Read More…)
On the eve of a key U.S. deadline for a diesel emissions fix, Volkswagen has reportedly agreed to pay all American owners of afflicted TDI models $5,000 each.
The deal, reported by Germany’s Die Welt newspaper, would allow the automaker to avoid going to trial this summer, according to Automotive News.
Volkswagen was facing an April 21 deadline to outline a comprehensive fix for the 580,000 U.S. diesel models equipped with “defeat devices” designed to sidestep emissions regulations. The deadline was set in March by a U.S. District Court judge. (Read More…)
Nope. Nuh-uh. Not gonna do it.
That was Volkswagen’s reaction to the idea of publishing its first-quarter results on time, according to Automotive News Europe, meaning the automaker’s current financial standing will be unknown until May 31.
The beleaguered company has bigger things to deal with in the near term — mainly, meeting the U.S. government’s April 21 deadline for a fix for vehicles caught up in the diesel emissions scandal. An April 21 deadline was issued last month by U.S. District Judge Charles Breyer, extending a missed deadline on a one-time-only basis. (Read More…)