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  1. Volkswagen's decision to use illegal software on their diesel vehicles has been costing them dearly. Reuters reports that Volkswagen is setting aside an additional 2.5 billion Euros (about $2.95 billion) due to difficulties with fixing the affected diesel models, particularly with the hardware. "The reason is an increase in provisions relating to the buyback/retrofit program for 2.0l TDI vehicles, which is part of the settlements in North America that is proving to be far more technically complex and time consuming," the company said in a statement. This pushes the total bill to $30
  2. Volkswagen's decision to use illegal software on their diesel vehicles has been costing them dearly. Reuters reports that Volkswagen is setting aside an additional 2.5 billion Euros (about $2.95 billion) due to difficulties with fixing the affected diesel models, particularly with the hardware. "The reason is an increase in provisions relating to the buyback/retrofit program for 2.0l TDI vehicles, which is part of the settlements in North America that is proving to be far more technically complex and time consuming," the company said in a statement. This pushes the total bill to $30
  3. There were concerns that Volkswagen would not be able to come up with a fix for their 1st-generation 2.0L TDI models that would meet the approval of various U.S. regulators. But never say never as the Environmental Protection Agency and California Air Resources Board have given their approval for Volkswagen's proposed fix for 326,000 vehicles with this engine. Reuters reports the fix will involve Volkswagen making numerous upgrades to the hardware and software, including a new emissions catalyst. This will make these vehicles legal, but drop average fuel economy figures by 2 mpg. “To
  4. There were concerns that Volkswagen would not be able to come up with a fix for their 1st-generation 2.0L TDI models that would meet the approval of various U.S. regulators. But never say never as the Environmental Protection Agency and California Air Resources Board have given their approval for Volkswagen's proposed fix for 326,000 vehicles with this engine. Reuters reports the fix will involve Volkswagen making numerous upgrades to the hardware and software, including a new emissions catalyst. This will make these vehicles legal, but drop average fuel economy figures by 2 mpg. “To
  5. Weeks before the Volkswagen diesel emission scandal came to light, several executives were reportedly warned about the possible costs during a meeting. German tabloid Bild am Sonntag reports that Oliver Schmidt, a Volkswagen executive that was arrested earlier this year in U.S., said the costs of diesel emission cheating could cost the company up to $18.5 billion during a presentation held on August 25, 2015. Those that attended the presentation included former Volkswagen CEO Martin Winterkorn, VW's development chief at the time Heinz-Jakob Neusser, and Volkswagen brand chief Herbert Dies
  6. Weeks before the Volkswagen diesel emission scandal came to light, several executives were reportedly warned about the possible costs during a meeting. German tabloid Bild am Sonntag reports that Oliver Schmidt, a Volkswagen executive that was arrested earlier this year in U.S., said the costs of diesel emission cheating could cost the company up to $18.5 billion during a presentation held on August 25, 2015. Those that attended the presentation included former Volkswagen CEO Martin Winterkorn, VW's development chief at the time Heinz-Jakob Neusser, and Volkswagen brand chief Herbert Dies
  7. With Volkswagen buying back a large chunk of the 2.0L TDIs involved the diesel emission scandal, the question arises of where to store them. The answer according to the German automaker is they are storing them at "regional facilities." One of those regional facilities is the parking lot of the Pontiac Silverdome - former home to the Detroit Lions - in Pontiac, MI. However, the vehicles stored there find themselves in a bit of legal trouble. The Oakland Press reports that the City of Pontiac has filed a lawsuit against the owners of Silverdome, the Triple Investment Group for numerous vio
  8. With Volkswagen buying back a large chunk of the 2.0L TDIs involved the diesel emission scandal, the question arises of where to store them. The answer according to the German automaker is they are storing them at "regional facilities." One of those regional facilities is the parking lot of the Pontiac Silverdome - former home to the Detroit Lions - in Pontiac, MI. However, the vehicles stored there find themselves in a bit of legal trouble. The Oakland Press reports that the City of Pontiac has filed a lawsuit against the owners of Silverdome, the Triple Investment Group for numerous vio
  9. The diesel emission scandal has once again flared up as Audi stands accused of using illegal software on certain A7 and A8 TDI models. Yesterday, German Transport Minister Alexander Dobrindt announced that Audi employed illegal software to cheat emission tests on certain A7 and A8 models built between 2009 to 2013. The affected models are said to emit twice the legal limit of nitrogen oxides when the steering wheel is turned more than 15 degrees - a condition that would happen in the real world and not in the lab. German tabloid Bild reported that Volkswagen Group CEO Matthias Muell
  10. The diesel emission scandal has once again flared up as Audi stands accused of using illegal software on certain A7 and A8 TDI models. Yesterday, German Transport Minister Alexander Dobrindt announced that Audi employed illegal software to cheat emission tests on certain A7 and A8 models built between 2009 to 2013. The affected models are said to emit twice the legal limit of nitrogen oxides when the steering wheel is turned more than 15 degrees - a condition that would happen in the real world and not in the lab. German tabloid Bild reported that Volkswagen Group CEO Matthias Muell
  11. Volkswagen was planning to publish the final report on the external investigation done by U.S. law firm Jones Day. But in a move that surprised no one, Volkswagen has decided not to publish it. "I’m aware that some of you wish for greater transparency. Often the publishing of a full report is demanded. To be clear: there is no written final report from Jones Day, nor will there be. I ask for your understanding that for legal reasons Volkswagen is prevented from publishing any such report," said VW Chairman Hans Dieter Poetsch at the company's annual general meeting. Poetsch said Volk
  12. Volkswagen was planning to publish the final report on the external investigation done by U.S. law firm Jones Day. But in a move that surprised no one, Volkswagen has decided not to publish it. "I’m aware that some of you wish for greater transparency. Often the publishing of a full report is demanded. To be clear: there is no written final report from Jones Day, nor will there be. I ask for your understanding that for legal reasons Volkswagen is prevented from publishing any such report," said VW Chairman Hans Dieter Poetsch at the company's annual general meeting. Poetsch said Volk
  13. You would think the stigma of the diesel emission scandal would keep people away from picking up a fixed Volkswagen TDI model, but you would be wrong. Reuters notes that in April, 12 percent of Volkswagen's sales were for TDI models (about 3,196 vehicles). This is quite impressive when you take into consideration that Volkswagen was only given the go-ahead to sell TDI models with the fix back in mid-April. But we have to wonder if this percentage would be the same if Volkswagen didn't put some enticing incentives on TDI vehicles. As we reported last month, Volkswagen is offering eith
  14. You would think the stigma of the diesel emission scandal would keep people away from picking up a fixed Volkswagen TDI model, but you would be wrong. Reuters notes that in April, 12 percent of Volkswagen's sales were for TDI models (about 3,196 vehicles). This is quite impressive when you take into consideration that Volkswagen was only given the go-ahead to sell TDI models with the fix back in mid-April. But we have to wonder if this percentage would be the same if Volkswagen didn't put some enticing incentives on TDI vehicles. As we reported last month, Volkswagen is offering eith
  15. One question that we have found ourselves wondering is who blew the whistle on the software cheat Volkswagen was using on their TDI models. A new book says it was someone at Volkswagen of America. Automotive News got their hands on Faster, Higher, Farther: The Volkswagen Scandal by New York Times reporter Jack Ewing. In the book, Ewing reveals that the head of VW’s Engineering and Environmental Office in the U.S., Stuart Johnson revealed the existence of the cheat to federal authorities. Johnson was the primary contact for the various regulation agencies in the U.S. and would be one of th
  16. One question that we have found ourselves wondering is who blew the whistle on the software cheat Volkswagen was using on their TDI models. A new book says it was someone at Volkswagen of America. Automotive News got their hands on Faster, Higher, Farther: The Volkswagen Scandal by New York Times reporter Jack Ewing. In the book, Ewing reveals that the head of VW’s Engineering and Environmental Office in the U.S., Stuart Johnson revealed the existence of the cheat to federal authorities. Johnson was the primary contact for the various regulation agencies in the U.S. and would be one of th
  17. More good news for Volkswagen as the EPA has finally given the ok for the company to start selling repaired TDI vehicles. Bloomberg has learned from Volkswagen Group of America spokeswoman Jeannine Ginivan that dealers can sell TDI models from the 2015 model year once they have been updated with new software. The fix will also include new hardware for the diesel engine, but dealers don't have to wait for the parts to come in early next year. "We are still finalizing the details of this program and will provide more information on its implementation at the appropriate time,” said Ginivan.
  18. More good news for Volkswagen as the EPA has finally given the ok for the company to start selling repaired TDI vehicles. Bloomberg has learned from Volkswagen Group of America spokeswoman Jeannine Ginivan that dealers can sell TDI models from the 2015 model year once they have been updated with new software. The fix will also include new hardware for the diesel engine, but dealers don't have to wait for the parts to come in early next year. "We are still finalizing the details of this program and will provide more information on its implementation at the appropriate time,” said Ginivan.
  19. Today at U.S. District Court in Detroit, Volkswagen pleaded guilty on three felony charges relating to the diesel emission scandal as part of a plea agreement. The three felonies are conspiracy, obstruction of justice, and introducing imported merchandise into the United States by means of false statements. "Your honor, VW AG is pleading guilty to all three counts because it is guilty on all three counts," said Volkswagen general counsel Manfred Doess at the hearing. As part of the plea deal, Volkswagen will pay $4.3 billion in penalties and have an independent monitor to oversee U.S
  20. Today at U.S. District Court in Detroit, Volkswagen pleaded guilty on three felony charges relating to the diesel emission scandal as part of a plea agreement. The three felonies are conspiracy, obstruction of justice, and introducing imported merchandise into the United States by means of false statements. "Your honor, VW AG is pleading guilty to all three counts because it is guilty on all three counts," said Volkswagen general counsel Manfred Doess at the hearing. As part of the plea deal, Volkswagen will pay $4.3 billion in penalties and have an independent monitor to oversee U.S
  21. The blame game over the Volkswagen diesel emission scandal continues with the former chairman Ferdinand Piëch saying that Volkswagen's top brass knew about the cheating months before it came to light. German newspaper Bild reported yesterday that Piëch told prosecutors that he informed Martin Winterkorn and four other members of Volkswagen's supervisory board about the possible cheating with their diesel engines. The other members include, Stephan Weil, prime minister of the German state of Lower Saxony Bernd Osterloh, works council chief Berthold Huber, former IG Metal
  22. The blame game over the Volkswagen diesel emission scandal continues with the former chairman Ferdinand Piëch saying that Volkswagen's top brass knew about the cheating months before it came to light. German newspaper Bild reported yesterday that Piëch told prosecutors that he informed Martin Winterkorn and four other members of Volkswagen's supervisory board about the possible cheating with their diesel engines. The other members include, Stephan Weil, prime minister of the German state of Lower Saxony Bernd Osterloh, works council chief Berthold Huber, former IG Metal
  23. Volkswagen is making progress with moving on from the diesel emission scandal as they have announced a proposed agreement for the 3.0L TDI V6. Filed in federal court last night, the agreement totals $1.2 billion and hopes to resolve civil claims for 78,000 vehicles. The settlement includes, Buy back or terminate the lease of approximately 20,000 eligible 2009-2012 Volkswagen Touareg and Audi Q7 TDI models (dubbed the Generation 1 models). There is also the possibility of Volkswagen offering owners of these models a fix if approved by the U.S. Government. Repair the approximately 58,
  24. Volkswagen is making progress with moving on from the diesel emission scandal as they have announced a proposed agreement for the 3.0L TDI V6. Filed in federal court last night, the agreement totals $1.2 billion and hopes to resolve civil claims for 78,000 vehicles. The settlement includes, Buy back or terminate the lease of approximately 20,000 eligible 2009-2012 Volkswagen Touareg and Audi Q7 TDI models (dubbed the Generation 1 models). There is also the possibility of Volkswagen offering owners of these models a fix if approved by the U.S. Government. Repair the approximately 58,
  25. Former Volkswagen CEO Martin Winterkorn is already being investigated by German prosecutors over market manipulation because of the diesel emission scandal. But now, he finds himself under a new investigation by prosecutors on the suspicion of fraud. Reuters reports that prosecutors in Braunschweig believe Winterkorn knew about the cheat used on the 2.0L TDI well before the timeframe he has admittedly publicly. This suspicion comes as the result of numerous interviews with witnesses and suspects, along with raids on 28 houses and offices this week. "Sufficient indications have resul

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