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6 Jan 2017, 3:21 pm
The news of the fix comes months after the approval of a $15 billion settlement between VW Group and the Justice Department. [read post]
3 Jan 2017, 4:28 pm
Second, as discussed here, in December 2016, collective investor groups negotiated a $1.0 billion partial settlement in the U.K. of the credit crisis-era claims asserted against RBS. [read post]
20 Dec 2016, 6:15 pm
VW Group says it will buy back 20,000 of those cars. [read post]
7 Nov 2016, 5:30 pm
(credit: RoadOver) Last week was touchy for Volkswagen Group and its profitable Audi brand. [read post]
25 Oct 2016, 10:05 am
(credit: The.Comedian) On Tuesday morning, US District Judge Charles Breyer gave final approval on a $14.7 billion settlement in the Volkswagen Group diesel emissions scandal that broke last September. [read post]
3 Oct 2016, 2:20 pm
(credit: Caribb) Late last Friday, Volkswagen Group agreed to pay 652 Volkswagen dealers a total of $1.21 billion in a settlement that was proposed earlier this summer. [read post]
9 Sep 2016, 10:51 am
Volkswagen Group has been beset by scandal since last September, when the Environmental Protection Agency (EPA) made public that VW had been including illegal software in diesel Volkswagens and Audis. [read post]
15 Aug 2016, 5:21 pm
The deferred prosecution agreement would dismiss charges against VW as long as the automaker signs an agreement to stick to certain settlement terms. [read post]
26 Jul 2016, 12:17 pm
(credit: James Workman) On Tuesday, a federal judge in San Francisco gave preliminary approval to a $15 billion settlement proposed by Volkswagen Group and Justice Department lawyers back in June. [read post]
19 Jul 2016, 1:38 pm
(credit: Volkswagen AG) On Tuesday, the attorneys general of Massachusetts, New York, and Maryland launched fresh lawsuits at Volkswagen Group and its affiliates Audi and Porsche, naming more than two dozen engineers and managers in an apparent scheme to install illegal software on diesel VWs, Audis, and Porsches that were sold in the US. [read post]
14 Jul 2016, 5:44 am
(credit: Erik B) Late Wednesday evening, the California Air Resources Board rejected Volkswagen Group’s plan to fix 3.0L diesel Volkswagens, Audis, and Porsches that were discovered last year to be illegally circumventing the cars’ emissions control systems. [read post]
11 Jul 2016, 5:48 am
The dismissal of the appeal left standing the General Court of the European Union’s determination that MasterCard had used its predominant position in the consumer credit card market to extract excess “interchange fee” from cardholders (costs imposed on retail businesses in order to be able to accept the credit cards and have their transactions processed; the fees are incorporated into the price consumers pay for goods and services). [read post]
30 Jun 2016, 4:34 pm
Reuters reports that US District Judge Charles Breyer asked that VW Group provide and update on this fix on August 25, but the judge has not yet given VW Group a firm deadline to present a fix to US regulators. [read post]
23 Jun 2016, 11:20 am
(credit: IFCAR) Sources speaking to Bloomberg and the Associated Press have said that Volkswagen Group will propose a $10.2 billion settlement in federal court next week. [read post]
14 Jun 2016, 5:56 am
(credit: Oxfordian) Politicians and regulators in the European Union are finding many instances of automakers using loopholes to circumvent emissions standards. [read post]
27 Apr 2016, 12:15 pm
The US Environmental Protection Agency cited VW Group for its transgression in September, leading to a huge scandal for the automaker. [read post]
29 Mar 2016, 9:07 am
(credit: Erik B) The Federal Trade Commission (FTC) sued Volkswagen Group of America (VGoA) on Tuesday, alleging that VGoA deceived American consumers with its “Clean Diesel” ad campaign. [read post]
24 Mar 2016, 12:00 pm
(credit: Getty Images) US District Judge Charles Breyer told Volkswagen and regulators that they have until April 21 to present a plan to bring over 600,000 Volkswagen, Audi, and Porsche diesel vehicles into compliance with emissions regulations. [read post]
21 Feb 2016, 6:59 pm
However, because of the lingering effects of the failed bank wave that followed the credit crisis, the marketplace has not returned to pre-credit crisis levels. [read post]
13 Feb 2016, 7:48 pm
Photo credits: Liesl Pimentel [read post]
