Kenneth Feinberg, the man behind Volkswagen’s claims fund, stated American VW TDI customers should expect an offer that will make them very happy in an interview published this weekend.
When asked by Frankfurter Allgemeine Sonntagszeitung (via Reuters) what he will offer the more than 500,000 Americans who own dirty diesels, he replied, “I can promise that there will be a generous solution.”
What that solution will be is anyone’s guess, including Feinberg’s.
“The jury is still out, and at the moment all options are up for debate: cash payments, buybacks, repairs, replacements with new cars,” he said.
Volkswagen to European diesel owners: “Why you mad?”
That, the mailman can’t deliver on the first lawsuit against GM, Caddies built in China and 51.3 million cars were recalled in 2015 … after the break!
FCA has to clean up its act in a hurry, or pay a lot more to sell cars in the future.
That, Europe wants Volkswagen to treat its owners the same as American owners, General Motors’ lawyers get down and dirty and Porsche’s plug-in 911 … after the break!
Investors say Volkswagen should have told the world they were cheating earlier because then they could have bought more Apple stock.
That, Mercedes-Benz prices new E-Class in Europe, BMW’s bigger i3 battery and Jeep soars in Europe … after the break!
The man in the middle of GM’s faulty ignition switch has finally spoken, and the word “mistake” came up at least twice.
That, does anyone have the number for Google, GM and Honda may join forces, and take a cab … after the break!
Fiat Chrysler Automobiles on Thursday released a statement strongly denying claims made by a Illinois dealer that the automaker was strong-arming its dealers into reporting bogus sales and illegally paying complicit dealers to continue its long-running sales growth.
This lawsuit is nothing more than the product of two disgruntled dealers who have failed to perform their obligations under the dealer agreements they signed with FCA US. They have consistently failed to perform since at least 2012, and have also used the threats of litigation over the last several months in a wrongful attempt to compel FCA US to reserve special treatment for them, including the allocation of additional open points in the US FCA network.
So, you’re saying it’s going to get ugly?
I realize for many of you the lunch hour is probably over by now, but there’s enough time before the end of the afternoon to read, digest and regurgitate repeatedly over Atlanta magazine’s epic telling of one family’s lawsuit against General Motors for their faulty ignition switches.
Seriously, it’s great. Go read it. Take a sandwich or something.
I’ll cover for you at work, no prob. (Read More…)
Investors aren’t necessarily drinking automakers’ Kool-Aid that 2016 will be full of beer and Skittles.
That, the China-made Cadillac CT6 that’ll eventually get here, El Chapo’s cheapo getaway car and General Motors’ questions get down and dirty … after the break!
An Illinois dealer said in a lawsuit filed Tuesday that Fiat Chrysler Automobiles, through its regional sales offices, was intimidating and bribing dealers to report bogus sales at the end of the month to reach inflated sales targets. Automotive News reported first on the lawsuit.
The lawsuit filed by dealers of the Napleton Automotive Group accuses FCA of conspiring to inflate sales numbers through payments of tens of thousands of dollars to the dealer in co-op advertising accounts to disguise the practice. The lawsuit says FCA uses bogus third-party data from J.D. Power and Urban Science to falsely “verify” the sales figures and report publicly that the automaker has continued monthly sales growth since it emerged from bankruptcy in 2009.
The news of the lawsuit and its allegations sunk shares of Fiat so far that trading on its stock was halted in Europe, according to the Wall Street Journal. (Read More…)
It certainly sounds like Ford is close to selling a self-driving Fusion real soon.
That, Matthias Müller finally comes to the U.S. to ask “You mad, bro?” Nissan has no love for Takata, and business is hot south of the border … after the break!