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Category Archives: litigation
Volkswagen Passat GT Concept at Automobility LA
Year-to date diesel emissions defeat-device Volkswagen sales are at 256,047 (-13.09%) with the Passat at 59,320 for a -17.4% drop. The German automaker is strapped for cash, hence the trim package on an aging design. Continue reading
Volkswagen Dumps FIA World Rally Championship
Both FIA sanctioned racing series were ruinously expensive. Now VW is facing seemingly unending expenses in the dieselgate matter. More criminal charges are also under investigation. A proposed new customer racing program and the extension of existing ones will cut costs, and might even make money. Continue reading
ExxonMobil Under Scrutiny for Its Climate Change Propaganda
In a disturbing development with broad First Amendment implications, ExxonMobil is lashing out against the Union of Concerned Scientists (UCS) and others – in the words of UCS, “who feel they are holding them accountable for their decades of deception.” Continue reading
More Airbag Recalls from BMW, Toyota and Volvo
Only at BMW is the supplier Takata responsible for once again defective welds on its PSDI-X inflator. The Toyota recall involves Chinese supplier ARC Qing Hua (Xian) Automotive Company. Volvo did not name the supplier. Continue reading
FTC Says Sage Auto Group Uses Deceptive Tactics
This is the FTC’s first action against an auto dealer for so-called “yo-yo” financing tactics: using deception or other unlawful pressure tactics to coerce consumers who have signed contracts and driven off the dealership lots into accepting a different deal. The FTC also alleges that the defendants packed extra, unauthorized charges for “add-ons,” or aftermarket products and services, into car deals financed by consumers. Continue reading
More VW Diesel Woes – €800 Million German Suit
The lawsuit concerns losses investors suffered from the drastic drop in VW share value in shares traded on the German Deutsche Börse Xetra exchange, as a result of the VW diesel emission fraud scandal. Continue reading
Posted in litigation
Tagged autoinformed, autoinformed.com, dieselgate, ISAF VW, Ken Zino, Volkswagen diesel litigation
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Michelin, Takata Win $80 Million Tread Belt Separation Suit
A Florida jury ruled unanimously in favor of Michelin and Takata in a highly publicized product liability case cased by tread belt separation. Continue reading
Volkswagen to Pay Dealers $1.2 Billion over Dirty Diesels
Volkswagen Group of America says it has reached an “agreement in principle” to settle the claims of 650 VW franchise dealers in the United States relating to TDI vehicles affected by the dirty diesel fraud and other matters about the value of the franchise. Volkswagen will make cash payments – estimated at $1.2 billion – and provide unnamed “additional benefits” to the dealers to resolve past, current and future claims of losses in franchise value. Continue reading
Porsche Executive Board Acquitted of Criminal Charges on Alleged Stock Manipulation During its failed VW Takeover Bid
This ends a long, international soap opera of litigation that also saw U.S. hedge funds sue Porsche over alleged market manipulation while acquiring Volkswagen stock. Continue reading
Judge Issues Initial OK of VW Dirty Diesel Settlement
Under the proposed settlement, eligible customers have two choices: (1) they can sell back their vehicle to Volkswagen or terminate their lease without an early termination penalty, or, (2) keep their vehicle and receive a free emissions modification, if approved. Continue reading
Posted in environment, fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, Ken Zino, vw diesel scandal
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FCA Sales Reporting Crisis has Broad Industry Implications
The outcomes of both legal matters potentially have broad implications for the sales reporting practices of automakers and dealerships and how demos are subsidized.
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Posted in auto news, litigation, news analysis
Tagged autoinformed, autoinformed.com, DOJ SEC, fca, Ken Zino
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BP Deepwater Horizon Liabilities – GULP – $61.6 Billion
BP said yesterday in London that progress in resolving outstanding claims arising from the 2010 Deepwater Horizon accident and oil spill, the largest in U.S. history would have a final cost of $61.6 billion. Continue reading
New Takata Tests – High Risks in Older Honda, Acura Models
The latest test data on defective Takata air bag inflators show that model-year 2001-2003 Honda and Acura vehicles have a far higher risk of ruptures during air bag deployment. Continue reading
Posted in litigation, recalls
Tagged autoinformed, autoinformed.com, Ken Zino, nhtsa
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NHTSA Requires Rental Car Companies to Fix Open Recalls
Federal law now prohibits any company or dealer with fleets greater than 35 vehicles to rent un-repaired recalled vehicles. It also extends NHTSA’s recall authority to cover rental car companies for the first time, giving the safety agency power to investigate and punish violators. Continue reading
Posted in litigation, recalls
Tagged autoinformed, autoinformed.com, Ken Zino, nhtsa
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$14.7 Billion Volkswagen Diesel Fraud Settlements
The plea bargain requires Volkswagen to spend up to $10.03 billion to compensate consumers under the program. In addition, the VW will spend $4.7 billion to mitigate the pollution from these cars and invest in green vehicle technology. Continue reading
Posted in fools 'n frauds, fuel economy or emissions, litigation
Tagged autoinformed, autoinformed.com, Ken Zino, Volkswagen diesel
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