By on October 23, 2017

vw logo volkswagen passat

On Monday, the Environmental Protection Agency announced it had approved a fix for the remaining 38,000 Volkswagen Group vehicles equipped with emissions-cheating 3.0-liter diesel engines. That’s potentially very good news for Volkswagen, as it’s a decision that could save the company a truckload of cash.

In May, VW agreed to spend over $1.22 billion to repair or buy back nearly 80,000 vehicles with 3.0-liter engines as part of its “dieselgate” settlement. The manufacturer was also obliged to pay owners of fixed units between $8,500 and $17,000. However, there was an additional fine of $4.04 billion if the EPA and California Air Resources Board were unwilling to approve repairs on all 3.0-liter vehicles.

With a fix now in place for 38,000 Porsche Cayenne, Volkswagen Touareg, and Audi Q7 SUVs, the company may have just saved itself a over a billion dollars.  (Read More…)

By on September 11, 2017

2019-cayenne

This season’s must-have fashion for high-end automakers is the proposed elimination of diesel-powered engines. Volvo may keep theirs, but only if they’re supplemented by an electrified unit after 2019, and the same is true for both Jaguar and Land Rover. Mercedes-Benz hasn’t been quite so overt about its own diesel death, but it is pressing aggressively toward mild hybrids.

However, no manufacturer has the same incentive to distance itself from diesels as Volkswagen Group. Porsche, Audi, and VW all suffered from the company’s emissions scandal. Moving away from the fuel was to be expected, but Porsche’s chief executive hints diesel death may occur within a year as the company decides the future of the next-generation Cayenne.

When we previewed the new SUV last month, Porsche mentioned a pair of turbocharged gasoline engines but no diesel option. That was because the brand is still investigating whether diesel even has a place in the Cayenne and, by extension, the rest of its fleet.  (Read More…)

By on December 17, 2016

VW LOGO Ice

Volkswagen Group has agreed to shell out $200 million into a reserve created to reduce diesel pollution, a stipulation in the pending agreements made over the 3.0-liter diesels that polluted well over the United State’s legal limit.

The finalized agreement between VW and U.S. lawmakers is expected to come by Monday, pending the company’s decision on what to do about the 80,000 Audi, Volkswagen, and Porsche vehicles with emissions-cheating diesel engines still on the road. Legal representatives for the carmaker, affected consumers, and the Justice Department have indicated that negotiations are still progressing, however VW may still have to go to trial if a final agreement isn’t reached soon.  (Read More…)

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