After admitting it fudged fuel economy data for the past 25 years in Japan, Mitsubishi Motors wants the Environmental Protection Agency to know that its U.S. vehicles are A-OK.
The automaker claims it conducted an internal audit on vehicles from model year 2013 to present and contrasted that data with figures it had previously submitted to the EPA. The conclusion? The information’s fine. (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…)
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…)
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…)
The Environmental Protection Agency (EPA) is dropping proposed policy language that would have done, well, nothing.
That’s right, and it would have made a great Seinfeld story line: faceless bumbling government agency seeks to reframe public debate with a redundant, unenforceable, and unnecessary policy revision only to meet unanticipated wrath from industry and enthusiasts, forcing it to ultimately retract its proposal.
After its excessively dirty diesels polluted the nation’s air for years, Volkswagen is on the verge of making environmental reparations in the U.S. and state of California, Bloomberg reports.
The automaker is reportedly in talks with U.S authorities to create two remediation funds aimed at offsetting some of the environmental (and possibly legal) damage resulting from the diesel emissions scandal. (Read More…)
Is it curtains for modified street cars on the racetrack, or will a compromise save the day?
The first meeting of a congressional committee tasked with deciding the fate of drivers who race modified street vehicles took place on March 15, and a glimmer of hope emerged, according to Jalopnik.
Earlier this month, a bipartisan bill — Recognizing the Protection of Motorsports Act of 2016 — was introduced in the House of Representatives and Senate in a bid to make converted race vehicles exempt from proposed Environmental Protection Agency regulations.
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…)
There’s never a dull moment at Volkswagen, and today the automaker finds itself fighting battles on so many fronts they’ll soon be wishing for General Eisenhower’s plotting table.
As the company steels itself for further
bad terrible financial news, German prosecutors have widened their probe into the diesel emissions scandal and targeted 17 Volkswagen employees.
The new headcount is a big jump from the earlier six suspects, and authorities have said they’re not done looking. So far, none hail from Volkswagen’s management board, but Klaus Ziehe, a spokesman for the state’s attorney’s office, has said that management involvement has not been ruled out. (Read More…)
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…)