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The Volkswagen's proposed recall plan was rejected this week by California's Chief Regulator. We all know about the huge scandal will fuel-emissions of the company and the huge settlement it has to pay to the owners and government to cover the damage it created. VW has managed to compose a whole plan on how to fix 16,000 3.0 liter diesel VW, Audi and Porsche models, all of them being equipped with devices designed to cheat emissions tests. The plan was insufficient, that's what Air Resources Board commented on this issue. On a letter CARB says that VW and Audi's...
For more than a half year now Volkswagen has been under the fire and we know the reason of such an act pretty well. The company was lying to its buyers for years and the full emissions scandal has finally exploded this winter. After it was obligated to pay settlement to owners and huge taxes that reach approximately $15 billion, maybe it wanted to forget about the problems and all the hate it gets these days and told about the story of building the main factory. During the early phases of construction, an American bomb was discovered out there from the early 40's: a 400 lb unexp...
Isn't this year a good one for U.S auto sales? Well, even if many surveys and predictions put the industry under the question “will it work this time”, it seems like we are halfway to another record year. As the first half of the year has finished we've come to get some positive results, the 2016 auto sales are up 1.4% from a year ago. Isn't it a sign that the market is reaching a plateau after rebounding from the depths of recession with six consecutive years of hefty growth? It's important to notice that considering all the negative expectations every y...
After a controversial May for U.S. auto sales, comes June that seems to be more resultative and that is expected to rise the number of new vehicles sold about 5 percent from a year ago. Analysts say that July should also get off to a good start as Independence Day weekend typically sees aggressive sales promotions.This year June has one more selling day than it did in 2015. The forecasts represent the highest volume for June since 2005 and a seasonally adjusted, annualized selling rate of 16.9 million to 17.2 million. We will have real sales results for June on Friday when autom...
The fuel-emissions scandal of Volkswagen continues. Did you know that Volkswagen AG's settlement for about 50,000 owners and government regulators over polluting vehicles is valued at more than $15 billion cash? That amount is very high even for such a powerful company as Volkswagen. We will know more precisely about this settlement on Tuesday in Washington, when it will be announced that the company has to return to the owners $10.033 billion over diesel emissions of about 475,000 vehicles and approximately $5 billion in funds to offset excess diesel emissions and boost zero em...
