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Volkswagen is ready to pay compensation to the owners of diesel cars. Volkswagen is ready to voluntarily pay $1,000 to each owner of a diesel vehicle, which has an engine 2.0 TDI. Half of this amount is permitted to spend for personal needs, while the remaining $500 can be spent only in Volkswagen dealerships. In addition, the company guarantees the drivers to have free technical assistance for three years. Around 482 million Americans will receive the compensation. The scandal emissions of the Volkswagen started because of 2.0-liter TDI. The German manufacturer with a special equipm...
Porsche has decided to suspend the sale of vehicles with a diesel 3.0-liter engine in the US.This was done immediately after the US Environmental Protection Agency (EPA) announced the results of the investigation the engine V6 3.0 TDI, installed in Porsche cars, Audi vehicles and Volkswagen automobiles.The scandal emissions of the Volkswagen started because of 2.0-liter TDI. The German manufacturer with a special equipment brought down the level of emissions of nearly half a million cars from United States. During this scandal the head of Volkswagen Martin Winterkorn has announced about his re...
German manufacturer Volkswagen has presented its financial results for the third quarter. This is for the first time when one of the largest automaker in the world after the "diesel scandal" has declared its financial report.The operating loss of Volkswagen in the third quarter amounted to 3.48 billion euros against a profit of 3.23 billion euros in the same period last year. The index exceeded the forecasts of analysts, who had expected that it will be 3.3 billion euros. The loss was the result of "diesel scandal", causing the concern to put aside 6.7 billion eur...
After the VW debacle because of the Emissions fiasco and the subsequent handling of bad press and pending investigations from the US and EU authorities, a new winner has emerged: Toyota. Although general sales have declined for both automotive giants, at a rate of 1.5 percent, Toyota reported sales of 7.49 Million vehicles through September, while VW was able to report 7.43 Million. VW had been leading Toyota in all global sales for the first six months of the year. However, after the scandal, it has prioritized readying a system to repair approximately 11 Million vehicles worl...
A new Emissions scandal may be brewing in Europe. According to Reuters OPEL (under GM) will have to go through a new extensive testing regarding the Zafira Minivan, because it has been stated that it is violating European pollution standards. This comes after “Green” activists’ claims that the Zafira Minivan has excessive NOx (Mono-Nitrogen Oxide) emissions.NOx is a heavy atmosphere pollutant produced during combustion at high temperatures and does form part of acid rain. During tests performed by the University of Applied Sciences in...