Volkswagen Finds a Way to Dump Huge Numbers of Employees and Keep the Union Happy
Volkswagen’s plan to cut costs by cancelling underperforming models isn’t enough to right the scandal-rocked ship.
With an incredibly powerful workers union breathing down its neck, trimming its ranks has proved a tough operation. Meanwhile, there’s only so many models it can drop, and bills are coming due from the many fines, settlements, and lawsuits stemming from the diesel debacle.
How does Volkswagen get rid of 25,000 employees while placating a union boss who sits on the supervisory board?
According to Reuters, the answer comes down to one word: attrition. Specifically, retiring Baby Boomers.
VW CEO Apparently Had No Knowledge of Diesel Crisis
Volkswagen Chief Executive Officer, Matthias Müller, had no prior knowledge of his company’s diesel cheating emission software, reports German newspaper Bild am Sonntag.
Jones Day, the law firm investigating the diesel scandal, has concluded the replacement CEO found out about the scandal on September 18, 2015, one week before taking over at VW and the very same day that U.S. regulators revealed to the rest of the world that Volkswagen pulled a fast one on the Environmental Protection Agency.
Lesser Phaeton or Ultra Passat? Volkswagen Planning New Premium Model
The long journey back from the economic damage wrought by the diesel emissions scandal is taking Volkswagen down new roads.
In a bid to boost the profitability of its remaining non-diesel lineup, the automaker will introduce a wholly new model aimed at the premium car crowd, Bloomberg reports.
The Name Game: Volkswagen's Manly Crossover Hero is Called 'Atlas'
A figure of Greek mythology with very strong back muscles will find his name plastered on Volkswagen’s upcoming three-row crossover.
According to Automobilwoche, German affiliate of Automotive News, Volkswagen has decided to name their high-hopes, Chattanooga-built model the Atlas.
Volkswagen Dealers to Collect $1.85 Million Each as Owners Flock to Buyout Offer
Volkswagen AG is making nice with its once-ornery U.S. dealer network to the tune of $1.85 million per dealer.
The automaker announced details of its $1.21 billion dealer settlement late yesterday, Reuters reports, with cash payouts to its 652 dealers spread out over the next 18 months. Meanwhile, once-loyal Volkswagen owners have hopped on the buyout bandwagon in big numbers.
'Good Times' Return for Volkswagen Around 2020, Diess Predicts
After the awkward auto show apologies of the past year, Volkswagen executives are looking forward to a rosy time in the near future after the brand stabilizes itself.
Those “good times” will return, according to global brand chief Herbert Diess, but not before three to four years of rough slogging. In a Bloomberg TV interview from the Paris Auto Show, Diess mulled adding new models to its U.S. lineup.
Hoping to Turn the Page, Volkswagen Shows Its I.D.
Looking something like an unborn child peering with sightless eyes from inside an amniotic sack, the Volkswagen I.D. concept vehicle has been revealed ahead of the Paris Auto Show.
The description is apt, as Volkswagen sees the I.D. as an embryo, heralding a long-range electric vehicle slated for production within four years.
Former 'Clean Diesel' Maker Wins Notorious Harvard Prize
It has been a year since we learned that Volkswagen’s tranquil and oh-so-green “clean diesel” utopia was actually a carefully constructed facade hiding a scorched wasteland of pollution and lies. Apparently, that doesn’t mean the jokes need to stop.
The scientific humor magazine Annals of Improbable Research has awarded the financially hurting automaker with a notorious prize that most recipients usually build a fun evening around. It’s extremely, no, absolutely likely that Volkswagen didn’t appreciate the humor.
U.S. Pondering a Criminal Fine That Stops Just Short of Killing Volkswagen: Report
How much can we chop away while keeping the body alive?
The U.S. Justice Department’s plans for Volkswagen’s criminal fine is like a horror movie, only with corporate finances playing the role of a writhing human subject.
According to two sources close to the negotiations, the DOJ wants to extract as much monetary lifeblood from the automaker as possible, while keeping the company afloat, Bloomberg reports.
Syncro-Nined: An Ennead of Surprising All-Wheel-Drive Golfs That Predate the R32
The recent news that Volkswagen is pondering an all-wheel-drive Golf for U.S. customers surprised many.
“All-wheel drive is now part of the Volkswagen DNA,” commented Dr. Hendrik Muth of Volkswagen at the U.S. launch of the Alltrack.
That means Volkswagen will be taking on Subaru, the reigning king of all-wheel drive for the masses in the U.S. And since the Golf is already fairly dear in price, adding an all-wheel-drive option to the hatch will make Volkswagen’s compact a near-luxury item. At that price, why wouldn’t you just buy an Audi? It’s the brand with the all-wheel-drive expertise in the VAG clan.
But the reality of an all-wheel-drive Golf is now 20 years old.
Let’s take a look back at nine of the more interesting pre-Alltrack, pre-4Motion versions of the Golf that most U.S. customers have never even heard of.
Volkswagen Sets a New German Record (for Investor Lawsuits)
It’s not the podium an automaker wants to find itself on top of.
After marking the first anniversary of its emissions debacle, former “clean diesel” builder Volkswagen finds itself staring down the barrel of $9.15 billion in investor lawsuits, the Wall Street Journal reports.
When it comes to being sued by investors, no German company can match Volkswagen’s performance.
Junkyard Find: 1982 Volkswagen Vanagon Westfalia
Volkswagen Leaks Engine Details of World's Longest Awaited Midsize SUV
At the dawn of recorded history, a German auto manufacturer unveiled a concept vehicle and promised North America — then weighed down by the oppressive bulk of towering ice sheets — a new midsize SUV.
Okay, that was only 2013, but it seems that the Volkswagen Teramont (VW hasn’t confirmed the name) has been in development for eons. Billed by some as the automaker’s make-or-break model in the U.S., the Teramont is a seven-seat SUV that borrows its design language from the CrossBlue concept. The automaker’s Chattanooga, Tennessee assembly plant will give birth to the model next year.
Now we know what lies under its hood.
Volkswagen Readies an Actual 'Clean' Vehicle, Claims EV Will Boast Huge Range
Volkswagen is two weeks away from unveiling the future of its company, with high hopes that it will scrub away some of the stigma left by the diesel emissions scandal.
The automaker plans to pivot from oil to electrons with a heavily electrified vehicle lineup, and a showpiece concept heading to the Paris Motor Show precedes an actual EV with up to 373 miles of range, Autoblog reports.
TTAC Sources: IAV Was Volkswagen's Co-Conspirator in Diesel Scandal
The U.S. federal indictment of Volkswagen engineer James Liang, stemming from the automaker’s effort to cheat on emissions testing of their supposedly “clean” diesel engines, mentions an as-yet unindicted co-conspirator, “Company A”.
That firm allegedly helped Liang and his team at VW develop the software routine that only activated emissions controls when vehicles were being emissions tested. Company A was identified in the indictment as a Berlin-based automotive engineering company that is 50 percent owned by the Volkswagen group, which is also Company A’s biggest customer.
Volkswagen to Axe the Two-door Golf GTI: Report
It’s a sad day for Volkswagen Golf GTI purists and fanboys. The GTI — one of autodom’s quintessential hot hatches — will lose its two-door variant in the U.S. as the scandal-rocked automaker jettisons low-volume offerings.
A very familiar face and name broke the story at Jalopnik after a Volkswagen product manager mentioned the cancellation during the company’s Golf Alltrack media test drive.
Volkswagen Golf All-Wheel Drive Heavily Considered to Take On Subaru
Volkswagen is heavily considering adding an all-wheel-drive variant of the Golf hatchback to its North American lineup, TTAC learned during the media launch for the all-new Volkswagen Alltrack, itself an all-wheel-drive version of the Volkswagen Golf SportWagen.
Dr. Hendrik Muth, vice-president of product marketing and strategy, explained the addition of 4Motion production to Volkswagen’s Puebla manufacturing facility in Mexico has opened up more possibilities, including the addition of all-wheel drive to the standard Golf hatchback.
Indictment: Volkswagen Updated Emissions Cheat in 2014, Hid It From EPA and CARB
On September 9th, Volkswagen engineer James Liang pleaded guilty after being indicted on a variety of crimes related to VW’s deliberate use of a software routine that cheated on government diesel emissions testing.
Until his guilty plea was entered in United States District Court in Detroit, Liang’s indictment was under seal. Now that it has been made public ( full PDF version here), we know more details about VW’s cheat and it turns out that the German automaker even updated the original software cheat — apparently to work more effectively — with a patch delivered in the guise of fixing emissions related warranty claims.
As the scandal was breaking, Volkswagen also deliberately supplied government agencies with false data to make the problem appear to be the result of a mechanical malfunction, not a defeat device.
BREAKING: U.S. Volkswagen Engineer Charged in Diesel Probe
A criminal charge has been laid in the U.S. Justice Department’s probe into the Volkswagen diesel emissions scandal.
A Volkswagen engineer pleaded guilty to conspiracy charges in a U.S. District Court in Detroit today, Reuters reports.
Volkswagen Buys Stake in Navistar, Wants a Slice of the U.S. Heavy Truck Market
Volkswagen’s commercial vehicles division is eager to enter the U.S. heavy truck market, and it just found a partner to help pull it off.
Volkswagen Truck & Bus has announced it will buy a 16.6 percent stake in U.S. truck maker Navistar International Corp., a share buy worth $256 million. Both companies hope to save money (and make more of it) through the technology-sharing deal, with joint products on the horizon.
2016 Volkswagen Beetle Dune Review - Blonde Bug
The youthful squealing could be heard down the long driveway and through several panes of glass. When I told my daughters that I’d be picking them up from the babysitter’s house in something different, they had no idea what chariot would ferry them to softball and cheerleading practice that eventing.
My girls aren’t gearheads by most definitions. While I’m not necessarily brainwashing their preteen skulls with minutiae and data about every car on the road, I’m not letting them become numb to the wonder that is the modern car. My youngest, soon to be eight, ran screaming from the door: “BEETLE!” That’s the power of an iconic brand.
However, I’m thinking the girls reacted most viscerally to the searing yellow paint.
Volkswagen TDI Owners to Automaker: 'Nah, We'll Take the Moolah'
Faced with the option of waiting to see if their cars can be fixed or accepting a hefty cash payout, diesel Volkswagen owners are opting to take the money and run.
Once-fierce loyalty to the dirty “clean diesels” seems to have evaporated, as most owners who’ve registered for the settlement want the automaker to buy back their car, Automotive News reports.
Pich V. Winterkorn Row Triggered By VW Dieselgate Scandal: Report
Former Volkswagen chairman Ferdinand Piëch resigned his position a month after questioning and failing to get answers from ex-CEO Martin Winterkorn about the company’s defeat devices, an internal probe revealed.
The finding from the investigation by U.S. law firm Jones Day was published in the German newspaper Bild am Sonntag, Bloomberg reports, shedding light on the power struggle that preceded the diesel emissions scandal.
Volkswagen Drags Its Heels on a 3.0-liter Diesel Fix, Frustrated Judge Issues a Deadline
Volkswagen continues to claim that with enough time, it can figure out a way to fix 85,000 high-end diesel vehicles in the U.S. without having to buy them back. There’s a problem, though. Time is running out.
After the presiding over yesterday’s settlement deal between Volkswagen and its dealers, a U.S. District Court judge gave the automaker two months to submit a fix for its 3.0-liter TDI models, Reuters reports.
Volkswagen Dealer Payout Leaked; Automaker Plans to (Gasp!) Lower Its Prices
It didn’t take long for sources to squeal about the size of the settlement forged yesterday between Volkswagen and its ornery U.S. dealer network.
According to people familiar with the deal, 652 VW dealers will share about $1.2 billion to offset losses from unsold vehicles and sunk costs, Bloomberg reports. But cash is only one part of the company’s plan. The other involves its customers’ wallets.
Struggling U.S. Volkswagen Dealers Will Get Cold, Hard Cash
America’s Volkswagen dealers took the brunt of the automaker’s diesel emissions scandal, but a cash payout designed to ease their troubles is on the way.
Lawyers for the dealers, who were once poised to revolt against their employer, announced a tentative settlement deal with the automaker today, Reuters reports.
Undisguised Volkswagen Teramont SUV Spied in China
Volkswagen’s long-awaited three-row SUV has appeared on a Chinese website completely free of camouflage, months ahead of its expected appearance at the Los Angeles Auto Show.
The Chattanooga-built SUV, which will likely take the Teramont name, draws inspiration from the 2013 CrossBlue concept and is a big part of Volkswagen’s planned American brand revival.
Volkswagen Golf Wagon Getting Yet Another Name Change in Canada
If you go through Volkswagen’s historical model catalogue, you’ll notice many occurrences of the exact same model sporting unique names in the U.S. and Canadian markets.
For example, Volkswagen marketed the last-generation Jetta Wagon in the United States as the Golf Wagon in Canada beginning in 2010. Roll ahead to present day, Volkswagen has called its Golf SportWagen (U.S.) the Golf Sportwagon in Canada since 2015.
Thankfully, that’s about to change.
According to Volkswagen Canada representative Thomas Tetzlaff, the Canadian outpost will drop the Sportwagon name in favor of the name used in the United States — SportWagen.
Facing Production Shutdowns, Volkswagen Fights Back Against Suppliers
A grownup game of keep-away is taking place in Germany, and Volkswagen is the kid without the ball.
Work stoppages are looming or already occurring at four of the automaker’s plants after a supplier dispute left Volkswagen without key transmission and seat parts. With the costly fallout of its emissions scandal top of mind, the automaker plans to waltz into the supplier’s factories and take what it needs, Automotive News Europe reports.
Volkswagen Doesn't Trust Its Employees With Pokemon Go
The powers that be at Volkswagen aren’t big fans of the Pokémon Go app. While most people think of it as a fun and nerdy augmented reality game, the automaker’s executives see it as a one-way ticket to industrial espionage.
Because of this, Volkswagen’s 70,000 employees are forbidden from installing the app on their company phones, according to the German publication Bild (via Carscoops).
100 Million Volkswagen Group Vehicles Can Be Unlocked With a Cheap Hacking Device
Two decades’ worth of Volkswagen Group vehicles are vulnerable to a simple, cheap hack that can unlock their doors.
A research paper released this week (first reported by Wired) describes how multiple Volkswagen, Audi, Seat and Skoda models built since 1995 can be unlocked using a handmade radio that copies key fob signals.
Emissions-Cheating Software Found in Volkswagen Group's 3.0-Liter Diesels: Report
Three unapproved software programs were found on Volkswagen, Audi and Porsche models outfitted with 3.0-liter diesel engines, a German newspaper reports.
The publication Bild am Sonntag said that U.S. authorities discovered the software, though it didn’t reveal a source for the information, according to Reuters (via Automotive News).
German Automakers Plan an EV-Measuring Contest, While Mercedes-Benz Goes Looking for a Name
Forget the American displacement wars of the 1960s (and to a lesser degree, the 1990s). On the other side of the Atlantic, it’s all about who has the biggest all-electric lineup.
Volkswagen, hoping to wash its hands of diesel residue, announced three modular vehicle platforms that could spawn 30 electric vehicles across the company’s brand portfolio. Meanwhile, Mercedes-Benz wants a whole new sub-brand for its looming crop of EVs.
Volkswagen's U.S. Hopes Might Ride on This Man
Volkswagen of America has a new head honcho in charge of product and marketing, and he’ll have his work cut out for him.
Today, Volkswagen named Dr. Hendrik Muth as the new vice-president of product marketing and strategy for its beleaguered U.S. division. His job? To sell vehicles. Ideally, lots of them.
South Korea Suspends Sales, Decertifies Most of the Country's Volkswagen Products
Consider it a low point in German-Korean relations.
Thanks to the diesel emissions scandal, South Korea just decertified about 68 percent of all Volkswagen, Bentley and Audi vehicles sold in that country over the past decade, Reuters reports. The country also revoked the certification of 80 model variants and leveled a large fine, meaning VW’s one-time Asian market breakthrough is truly busted.
Volkswagen Needs A Hot Passat - Once Again
Is there anybody left in this country who gives a single damn about Volkswagen? If so… why?
This is a company that has spent the past 40 years treating their American customer base with the kind of contemptuous disdain that most of us associate with the wait staff at Le Bernardin. The thousand injuries of Wolfsburg we have borne as best we could — from the Westmoreland Rabbits to the 8-valve Mk2 GTI to every single aspect of the Phaeton ownership experience — but when the company ventured upon insult to the very air we breathe, that should have been enough for all of us to abandon the brand permanently.
The problem is that some of us just can’t let go. Maybe it’s misplaced loyalty. Maybe it’s dim memories of the Corrado VR6. Maybe it’s just a certain delight in the way that Volkswagens feel when you’re driving them. Whatever the reason, there’s still some goodwill left in the United States on which the company can capitalize. One of the ideas being floated is a “hot Passat”, or at least a slightly sportier Passat. Our own Steph Willems made the case earlier in the week that such a car would be a waste of time.
I disagree, and I’ll tell you why.
Judge Gives Preliminary Approval to Volkswagen Settlement; Owners Have Two Years to File Claims
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.
Volkswagen Shouldn't Bother Creating an Enthusiast's Passat
Volkswagen is toying with the idea of creating a hot, performance-oriented Passat variant that grabs people’s souls, assaults their eyes and won’t let go of their imagination. It shouldn’t bother.
According to Motor Authority, the automaker wants to wring more sales out of its increasingly overlooked midsizer by appealing to the enthusiast set. Even with visual cues and a power boost, it’s extremely unlikely that Golf fanboys will move their lust (and cash) to the Passat camp.
If Volkswagen wants to halt falling sales, it needs to change the foundation and house, not just paint the window trim.
On Autopilot, Elon Musk Has a Friend in NHTSA Chief
His company’s product is under investigation by the National Highway Transportation Safety Administration, but Tesla CEO Elon Musk likes the favorable press the NHTSA gave to its Autopilot system.
Musk tweeted a link to a Wall Street Journal report that quotes NHTSA administrator Mark Rosekind praising the semi-autonomous driving system at a Detroit conference last week. The NHTSA is investigating what role Autopilot played in a fatal Florida crash on May 7.
Can Volkswagen USA Succeed With SUVs?
SUV sales are exploding in the United States. It doesn’t just seem as though the quality, origins, price, power, credibility, and style of a utility vehicle matter not one whit — it really doesn’t.
Critically panned and antiquated SUVs such as the Jeep Compass and Jeep Patriot are selling better than ever. The original Audi Q5, on sale since 2009, is on track for its seventh consecutive year of growth. Sports car builder Porsche now produces 60 percent of its U.S. sales with the Macan and Cayenne. The Buick Encore, a questionable Chevrolet Sonic-based subcompact crossover, is easily Buick’s best-selling model. Sales of the Ford Explorer are on track to rise to a 12-year high.
Easy peasy. Build it and they will come. Too small? No problem. Too big? Not an issue. Too ugly? More power to you. Impractical? Ignore the U in SUV; it won’t hold you back.
It’s therefore a great time for Volkswagen to finally release an SUV in the heart of the market.
Will Volkswagen's Three-Row Crossover Be Called Teramont, or Something Else?
Forget head-scratching model names like Tiguan and Touareg. For its new midsize crossover, Volkswagen scrapped its naming-by-German-committee tradition and turned the process over to its American division.
When the new models goes on sale next year, expect a rugged, easy-to-pronounce name designed solely for the U.S. market, Automotive News reports. That name could be “Teramont.”
Volkswagen Stops Sales of Most of Its South Korean Models
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.
Volkswagen To Go From 'Clean Diesel' Pusher to 'Barely Any Diesel' Brand: CEO
It won’t come as a surprise that Volkswagen’s U.S. arm is eager to put all that happy-go-lucky “clean diesel” stuff behind it.
Once the diesel emissions scandal sinks from the headlines like the Deepwater Horizon, the automaker plans to head in a different direction stateside, Automotive News reports, and oil burners won’t be a big part of it.
Your Volkswagen Diesel Will Still Be a Polluting Automotive Pariah After Being Fixed
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.
NY Attorney General Sues Volkswagen, Claims Dozens Knew About 'Defeat Device'
The state of New York wants its pound of flesh from Volkswagen, as well as $450 million.
A lawsuit filed against the automaker by New York Attorney General Eric Schneiderman alleges widespread knowledge of the emissions-cheating “defeat device” used in millions of diesel vehicles, according to the Wall Street Journal.
California Regulator Responds to Volkswagen's 3.0-Liter Diesel Fix With a Resounding 'Nope'
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.
Volkswagen Hasn't Started the Process to Resume U.S. Diesel Sales; Germany Readies a Big Fine
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.
Volkswagen's Diesel Fix Actually Makes Emissions Worse, Consumer Group Claims
A software fix designed to bring sidelined 2.0-liter diesel Volkswagen models into compliance just made the vehicle dirtier, a European consumer group claims.
According to Reuters, the Italian consumer group Altroconsumo tested an Audi Q5 that underwent Volkswagen’s technical fix, only to find that nitrous oxide emissions were 25 percent higher than before.
South Korean Prosecutors Really Know How to Make Auto Execs Sweat
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.”
Sorry, European Volkswagen Owners - You Won't Get a U.S.-Style Payout
After agreeing to fork over up to $14.7 billion to U.S. owners (and the environment) in its U.S. diesel emissions scandal settlement, Volkswagen is saying Nein! to a similar buyback in Europe, because that kind of payout would just be insane.
According to Left Lane News, the embattled automaker isn’t planning any compensation to its clients on the Continent, meaning its 2.0-liter TDI models will go on well into the future, albeit in a slightly detuned form.
Would-Be Volkswagen Whistleblower Suddenly Drops Lawsuit
A former Volkswagen employee who claimed he was fired when the company discovered his plan to report it for obstruction of justice has dropped his lawsuit.
Daniel Donovan, an information manager working for Volkswagen’s data center in Auburn Hills, Michigan, withdrew the suit on June 9, according to the New York Times. Donovan had claimed he tried to prevent the destruction of documents related to the diesel emissions scandal.
Volkswagen is Pretty Sure It Can Fix Those 3.0-Liter Diesels
Good news, owners of Volkswagen, Audi and Porsche models powered by a 3.0-liter TDI engine — your heavily polluting diesel probably won’t have to be bought back and scrapped.
A lawyer for the automaker said in court today that Volkswagen believes the 85,000 vehicles can be cleaned up with a not-too-complicated fix, Reuters reports.
Your Bought-Back Volkswagen Has a Miserable (and Short) Life Ahead of It
It’s like the Rapture, but for polluting German vehicles.
Starting this fall, owners of the 466,000 defeat device-equipped Volkswagen and Audi 2.0-liter TDI models still left on the road will head to their dealer, hand over their keys, sign a mountain of paperwork, and walk away with a fat check issued by the bean counters in Wolfburg.
So, what happens to your once-trustworthy diesel-powered steed after the buyback?
VIDEO: This Is What Volkswagen USA Is Telling Its Dealers
Volkswagen is making sure everyone is getting the right message today, and that includes its American dealers.
Thanks to a tipster, TTAC has obtained a video sent by Volkswagen of America executive to its dealers.
Here Are 77 Countries With a GDP Less Than the Volkswagen Settlement
Imagine for a second that the cash Volkswagen must now spend to get itself out of trouble in the U.S. was a pile. It would be a great day for tobogganing.
The initial settlement for the diesel emissions scandal — vehicle buyback, compensation, make-the-air-nice-again programs — rings in at $14.7 billion, but the automaker has roughly $18 billion set aside to handle all of the American fallout.
When it comes to cash, the bigger the number, the harder it is to imagine what that figure really looks like. What could it buy? How many bananas is that? Well, there are countries that make less money in a year than Volkswagen, maker of the Jetta, just paid out to one country. (Keep in mind, there’s more countries waiting in the wings for their cash.)
Here's How Much Money You'll Receive for Your Volkswagen or Audi 2.0-Liter TDI
With the settlement now filed with the courts between Volkswagen, regulators, and other plaintiffs in the ongoing diesel emissions scandal, the United States District Court Northern District of California has published the exact figures for buy backs and settlement figures.
Click the jump to find out how much money you’ll receive for your affected Volkswagen and Audi 2.0-liter equipped TDI.
Can Volkswagen Outback The Outback With Alltrack?
We don’t yet know the exact price of Volkswagen USA’s 2017 Golf Alltrack.
We are certain, however, that Volkswagen, a company with a brand image severely tarnished in the United States, will be able to do no better than slightly undercut the basic price of the Subaru Outback.
And that might be a problem.
It's a Cash Bonanza for Diesel Owners as Volkswagen Unloads Up to $14.7 Billion in the U.S.
Christmas is coming early for owners of polluting Volkswagen TDI models now that the automaker has agreed to pay up to $14.7 billion to settle claims in the diesel emissions scandal.
Volkswagen’s settlement with the federal government, owners and regulators will see it buy back some 475,000 2.0-liter diesel vehicles in the U.S. at pre-scandal values and offer their owners up to a cool $10,000 in extra compensation, according to figures reported by the New York Times.
Volkswagen Will Fork Out $10.2 Billion to Settle Emissions Claims, Hand Owners Up to $7,000
Owners of the 482,000 2.0-liter TDI models caught up in the diesel emissions scandal will get cash compensation tied to the age of their vehicle, anonymous sources said today.
Volkswagen won’t release details on its buyback/fix/remediation plan until Tuesday of next week, but sources briefed on the matter blabbed to the media despite a court-imposed gag order. The Associated Press puts the cost of settling the U.S. fallout at $10.2 billion, with some of that money going towards government penalties.
It’s already known that Volkswagen plans to buy back (or fix, at the owner’s request) 2.0-liter diesel models sold from 2009 on. What’s murky is whether the figures quoted by the sources relate to the vehicle buyback or the separate compensation expected to be handed to owners.
Auf Wiedersehen: Volkswagen Quietly Kills Sole Hybrid Model
If you’ve long since erased the Volkswagen Jetta Hybrid from your memory bank, don’t worry. Buyers forgot about it at the same time, and the automaker is prepared to do the same.
When Volkswagen rolled out a list of changes to its 2017 year vehicles today, the Jetta Hybrid was nowhere to be seen. Instead, the automaker placed a note in its empty chair, reading “Jetta Hybrid no longer available.”
It was an undignified (but not unexpected) end for a very unpopular model — one the automaker doesn’t need weighing it down as it tries to streamline its operations in a bid to save cash.
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