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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...
Mitsubishi Motors and Nissan will resume the sales of the cars that were embroiled in the fuel efficiency scandal, after the Japan's Land, Infrastructure, Transport and Tourism Ministry officially allowed it. These news concern more precisely the eK Wagon, eK Space and the Dayz and Dayz Roox models Mitsubishi manufactures for Nissan. Mitsubishi has submitted revised mileage results that were already based on current parameters issued by the ministry. The authorities decided to issue the automaker a stern reprimand, after checking emissions, which passed the ...
Volkswagen Group Skoda has some tough times these days because of its parent, that is why the company isn't sure yet about selling vehicles in U.S. The Czech value brand is examining the potential of markets where the brand is not yet present. One of the chosen places might be North America, but the decision wasn't made yet. Skoda vehicles might be underpinned by Volkswagen Group technology but it won a lot of praises for its high quality and functionality. The vehicles are sold very well in countries like: China and Germany but now with the low economy in Russia ...
Skoda, Volkswagen Group's unit is considering whether to sell cars in the U.S. where its parent was seriously compromised by the diesel emissions scandal. The Czech value brand is not yet present on the U.S. market, but its spokesman mentioned that it's time to consider the potential of the North American market for the automaker. Skoda has filed several trademarks at the U.S. Patent and Trademark Office. Media reports earlier this month said the brand has filed to protect in the U.S. the names of the Superb sedan, Octavia hatchback and Yeti small SUV.&nbs...
Toyota Motor Corporation has recently declared that the company has recorded sales of 9 million hybrid vehicles. Toyota is currently selling thirty-three hybrid passenger car models and one plug-in hybrid model in more than ninety countries and regions. The Japanese car maker has recorded sales of 9.014 million units as it was declared on April 30. As for the the hybrid revolution in particular, it started with the Prius, which was launched in December 1997 in Japan and then subsequently in Europe and America. Prius still remains one of the most popular and spread hybrids on the...