Volkswagen’s multi-billion-dollar make-nice deal with U.S. regulators and owners was given a tentative green light today, after a federal judge gave the settlement his preliminary approval.
The San Francisco hearing is the first of two, and approval of the $14.7 billion buyback and compensation plan could get a full go-ahead on August 25. The hearing shed light on what owners of defeat device-equipped diesels can expect in the coming months. (Read More…)
Fiat Chrysler Automobiles stopped inflating monthly sales figures after uncovering the practice last year, according to sources within the automaker.
The two insiders told Automotive News that the practice, which involved artificially boosting sales numbers before rolling them back the following month, was discovered by an internal review in mid-2015. FCA sales chief Reid Bigland reportedly put a stop to the practice.
FCA is now under investigation by the U.S. Department of Justice and the Securities and Exchange Commission. (Read More…)
Volkswagen’s Korean sales slump just became a sales cliff leading to the Challenger Deep.
The embattled automaker suspended sales of most of its models in the Asian country ahead of a environmental review that could lead to a sales ban, Reuters reports. (Read More…)
Frustrated by congestion and unsafe lane changes, state governments are telling left lane drivers to get the lead out.
Tennessee rolled out a new law on July 1 that dings drivers $50 for driving too slowly in the left lane, joining a growing list of states that want to free up the go-fast lane through penalties. The days of drivers coasting along at (or slightly under) the speed limit in the passing lane are waning, and that’s a good thing. (Read More…)
General Motors had hoped to put the issue behind it, but a judge’s ruling just opened the automaker up to billions in damages over its faulty ignition switch scandal.
Yesterday, the U.S. Appeals Court of Manhattan ruled that lawsuits filed against the automaker for accidents that happened before the company’s 2009 bankruptcy sale were still valid. The decision overruled an earlier court decision that protected GM from such suits. (Read More…)
General Motors executives are breathing a sigh of relief after the automaker reached a deal with a supplier that threatened to shut down GM’s entire U.S. assembly operation.
The automaker hammered out an agreement with the bankrupt Clark-Cutler-McDermott Company, a supplier of trim and acoustic insulation that GM had been propping up financially since March, the Wall Street Journal reports. (Read More…)
With no approved U.S. diesel fix in its grasp, Volkswagen hasn’t even bothered asking the Environmental Protection Agency for permission to resume selling its maligned TDI models, Automotive News reports.
Sales of all new and certified pre-owned TDIs were frozen last September after the diesel emissions scandal became public. Even after agreeing to a $15.3 billion U.S. settlement last month, it looks like the models will cool their heels for months to come. (Read More…)
The state of Indiana is cracking down on motorists driving too slowly in the left lane.
In the first year of the State’s highway slowpokes law, state police issued 109 tickets and at least 1,535 warnings to drivers that didn’t move from the left lane when they should reasonably know another vehicle is trying to overtake them. The law went into effect last July.
There’s a good chance that the former managing director of Audi Volkswagen Korea will soon find himself pleading for a sip of Coke during the 11th hour of a grueling interrogation process.
Park Dong-hoon, now CEO of Renault Samsung Motors, was recently identified as a suspect in South Korea’s investigation into the Volkswagen emissions-cheating scandal, according to Wards Auto. That means a date with the “VIP Suite.” (Read More…)
Edsel Ford II, great-grandson of Ford Motor Company founder Henry Ford, was arrested after an altercation at his Grosse Pointe Farms home last night, but no charges came out of this morning’s arraignment.
According to reports from the arraignment by the Detroit Free Press, police were called to the home by Ford’s wife, Cynthia Layne Neskow. The 67-year-old Ford, son of Henry Ford II and cousin of company chairman William Clay Ford, Jr, spent the night in jail awaiting a misdemeanor domestic violence charge. (Read More…)