Jump to content

Search the Community

Showing results for tags 'dieselgate'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • News and Views
    • Staff Reviews
    • Reader Reviews
    • Auto Show Coverage
    • Sales Figure Ticker
    • Editorials
    • Competitions
    • Industry News
    • Motorsports
  • Brand Discussion
    • Aston Martin
    • BMW Group
    • Daimler AG
    • Fiat-Chrysler Automobiles
    • Karma
    • Ferrari
    • Fisker
    • Ford Motor Company
    • General Motors
    • Honda Motor Company
    • Hyundai Motor Group
    • Jaguar-Land Rover
    • Lotus
    • Mazda
    • McLaren Automotive
    • Nissan-Renault Alliance
    • Peugeot
    • Rivian
    • SAAB / NEVS
    • Subaru
    • Suzuki
    • Tesla
    • Toyota Motor Corporation
    • Chinese Automakers
    • Volkswagen Automotive Group
    • Volvo
    • The British
    • The Italians
    • The French
  • Heritage Marques
  • Forum Information
  • Social Central
  • Tech Corner
  • Design Studio
  • Cadillac Appreciation Club's Cadillac Discussion
  • European Car Lovers's Topics

Categories

  • Auto Shows
    • Detroit Auto Show
    • Consumer Electronics Show (CES)
    • Chicago Auto Show
    • New York Auto Show
    • Geneva Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
    • Paris Motor Show
    • Frankfurt International Motor Show
    • Los Angeles Auto Show
    • SEMA
    • Tokyo Motor Show
  • Opinion
  • News
    • Acura
    • Alfa Romeo
    • Alternative Fuels
    • Aston Martin
    • Audi
    • Automotive Industry
    • Bentley
    • BMW
    • Buick
    • Cadillac
    • Chevrolet
    • Chrysler
    • Dodge
    • Ducati
    • Ferrari
    • Fiat
    • Fisker
    • Ford
    • Genesis
    • GM News
    • GMC
    • Holden
    • Honda
    • Hyundai
    • Infiniti
    • Jaguar
    • Jeep
    • Karma
    • Kia
    • Lamborghini
    • Land Rover
    • Lexus
    • Lincoln
    • Maserati
    • Mazda
    • McLaren
    • Mercedes Benz
    • MINI
    • Mitsubishi
    • Nissan
    • Opel/Vauxhall
    • Peugeot
    • Porsche
    • Ram Trucks
    • Rivian
    • Rolls-Royce
    • Saab / NEVS
    • Sales Figures
    • Scion
    • SMART
    • Subaru
    • Tesla
    • Toyota
    • Volkswagen
    • Volvo
    • Zotye
  • Reviews
  • Deal Alert

Categories

  • Tires and Wheel Specials
  • Automotive Maintenance Specials

Product Groups

  • Converted Subscriptions
  • Advertising
  • Hosting

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


GooglePlus


Skype


Location


Interests

Found 4 results

  1. The U.S. Security and Exchange Commission has filed suit in San Francisco on Thursday alleging that from April 2014 through May 2015, Volkswagen fraudulently issued more than $13 Billion in bonds and securities in the U.S. market. During that time, the SEC alleges that Winterkorn and other senior management knew about the problem with over 500,000 diesel vehicles that exceeded legal emissions limits. The suit says: Winterkorn resigned within days of the scandal braking in 2015. Volkswagen said in a statement that the lawsuit is "legally and facturally flawed" and "the company will contest it vigorously". Volkswagen has already agreed to pay more than $25 billion in a settlement over the dieselgate scandal to buy back defective vehicles, paying fines, and setting up funds to help build out electric vehicle infrastructure. Winterkorn has already been charged in the US.
  2. The U.S. Security and Exchange Commission has filed suit in San Francisco on Thursday alleging that from April 2014 through May 2015, Volkswagen fraudulently issued more than $13 Billion in bonds and securities in the U.S. market. During that time, the SEC alleges that Winterkorn and other senior management knew about the problem with over 500,000 diesel vehicles that exceeded legal emissions limits. The suit says: Winterkorn resigned within days of the scandal braking in 2015. Volkswagen said in a statement that the lawsuit is "legally and facturally flawed" and "the company will contest it vigorously". Volkswagen has already agreed to pay more than $25 billion in a settlement over the dieselgate scandal to buy back defective vehicles, paying fines, and setting up funds to help build out electric vehicle infrastructure. Winterkorn has already been charged in the US. View full article
  3. According to the Sierra Club who is following the VW Dieselgate issues closely, they have been watching who gets how much money and how are they spending it. Dieselgate settlement is that so much money is spent on actual EV infrastructure and so much has to be spent on removing nitrogen oxide from the air that you breath. The breakdown of money given to each state is based on how many VW offending auto's were sold in each state. Sierra club was able to get some info on how some states are planning to spend that money and here is what has been reported: California will spend its money mostly on replacing heavy-duty trucks, buses and equipment with zero-emission models. The state will also invest in electric-vehicle charging stations and efforts to cut emissions at freight facilities. Pennsylvania's plan includes funding projects to retrofit diesel-burning locomotives, marine engines and other equipment that sullies the air. The state will focus on densely populated areas -- including Philadelphia and Pittsburgh -- where impoverished neighborhoods tend to be disproportionately affected by air pollution. Minnesota, which received $47 million, is spending money on grants to replace hundreds of diesel school buses, ferries, tug boats and other heavy-duty vehicles. It also plans to develop about 65 electric vehicle charging stations. Georgia, awarded $63.6 million, plans to spend money on a fleet of electric buses and charging depots, including terminal-to-terminal emission-free shuttles to replace diesel burning models at Hartsfield-Jackson Atlanta International Airport. Connecticut, which got $55.7 million, plans to make $7.5 million of that available for grants to reduce nitrogen oxide in a variety of vehicles. Some states are still deciding how to use this newfound cash including Texas who is considering buying new CNG and Diesel auto's to replace older ones in the state fleet. The Sierra Club has opposed that idea pointing out that dirty technology like diesel and or natural gas should not be what this cash is spent on and instead be used for additional EV autos and more EV charging infrastructure including EV buses to increase clean mass transit. Autonews story
  4. G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com UK Law Firm files Lawsuit against VW UK VW Owners Lawsuit A downtown law firm has filed a group class action lawsuit against VW on behalf of a potential 1.2 million TDI owners. To date according the Euro Autonews web site 10,000 have signed on to be represented. VW has taken a very different approach to Europe and with that, more and more countries are demanding compensation equal to what VW is doing in the US. Last year according to the story, a Spanish court found in favor of the owners that the local dealer was also responsible and judged in favor of the TDI owners that the dealerships owed them compensation. As such the Dealers have been told to pay each buyer $5000 Euro's in compensation. This is in addition to what ever they will get from VW as the country negotiates a similar deal like the US. The UK now seems to want to go down this same road also with VW but from the law firm side of things as UK citizens have accused British authorities of being slow to respond and the European Union is taking action against Germany, UK, and five other member states for failure to police emissions testing by the auto industry. Course VW states it will defend itself robustly in the case and that VW owners will not loose out due to the scandal. Course local resell of the auto's is showing a huge hit as is VW sales which are down 7.5% for 2016 at a time when the over all auto sales rose 2% over 2015. At the rate that countries have decided to go after American type settlements with VW. The current 7 countries could potentially bankrupt VW if each country gets similar agreements. After all, the US has only about 1/3 the TDI's that UK has and if VW settles for 14 Billion here, why would it not be a 42 billion settlement in the UK and more elsewhere? The next year to year and half is going to be very interesting for VW.

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...