Like ripples in a pool of sulphur-rich oil, the impact from Volkswagen’s diesel emissions scandal keeps spreading.
In a cost-cutting measure designed to mitigate the growing financial damage caused by the scandal, Volkswagen is planning to cut 3,000 administration jobs in Germany, according to Reuters.
Many car buyers don’t like it when car dealers put hard to remove dealer decals on their new cars. Now a Texas plumber is suing a dealer for not removing decals advertising his plumbing business from a traded-in truck.
When Mark Oberholtzer, who owns Mark-1 Plumbing in Texas City, Texas, traded in his Ford F-250 Super Duty pickup on a new truck at AutoNation Ford Gulf Freeway in October 2013, he says he started to remove the decals — but a dealer employee stopped him.
Oberholtzer now claims, in a $1 million lawsuit recently filed against the dealer, that a salesman said removing the decals would blemish the paint and the dealer had “something better for removal”. (Read More…)
The deadline for filing a claim with General Motors victim compensation fund now passed, Kenneth Feinberg says no offer has been rejected thus far.
Kenneth Feinberg’s victim compensation plan for those severely affected by the ignition switch linked to 13 fatalities, 54 accidents and a recall of 2.6 million vehicles will not be funded by liability insurance, according to General Motors director of financial communications David Roman.
Last week, the B&B learned from former General Motors CEO Dan Akerson that current CEO Mary Barra did not know about the ignition switch that has since given his old company a months-long headache. The B&B then asked if Akerson himself knew of the problem on his way to be at his wife’s side and that of his colleagues at The Carlyle Group.
Automotive News reports the answer is “No.” In a post on Forbes magazine’s blog, both he and GM chair Tim Solso claim they didn’t know about the ignition switch issues at the heart of the February 2014 recall of 2.6 million vehicles. Akerson stated that if he had known about the problem, Barra would have been made aware as he handed the reins of the automaker to her in late December 2013. Solso says he didn’t become aware until after Barra called him to let him know the bad news, having become a non-voting member of the board in the following January.
Toyota won two out of four of his decisions, but U.S. District Judge James Selna ruled that Toyota still must go to trial for an unexpected-acceleration case filed in federal court, according to a report by Bloomberg.
A U.S. District Court judge gave final approval of the settlement of a lawsuit filed against Toyota on behalf of owners of Toyota vehicles who claimed that the car maker’s recalls related to unintended acceleration caused their cars to depreciate in value.