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A U.S. judge in New Jersey on Tuesday threw out a proposed class action lawsuit alleging that Mercedes misled consumers about emissions standards in "BlueTec Clean Diesel" vehicles. Plaintiffs claimed Mercedes falsely advertised the BlueTec vehicles as having lower emissions. They said that they later found that the emissions were higher than U.S. standards permitted. The judge said the plaintiffs failed to show they actually viewed any of Mercedes' advertisements touting the cleaner technology. He gave them leave to revise their complaint. Automakers that market diese...
If you want to analyse the US green car sales for November, you first have to start with the fact that Volkswagen stopped selling its diesel vehicles for a year now. That means that, statistically, demand levels for hybrids, plug-ins and diesels in November could finally be measured on an even playing field for the first time in 2016. But there's more to the story of what was easily this year's most impressive month for green-car sales. Americans bought more than 39,000 green cars in November, marking a 26-percent surge from a year earlier. For comparison purposes, October a...
After three consecutive declines, automakers managed in November to make the largest year-over-year sales gain since February, posting a 3.6 percent gain. However, it took a big jump in incentives to make that happen. Those heavy incentives – now amounting to more than 12 percent of the industry's average transaction price – might be enough for 2016 to topple last year's record by a razor-thin margin. Going into December, U.S. sales were just 6,418 vehicles ahead of last year's pace, an increase of 0.04 percent. November and December have become big months fo...
Analysts didn't expect light vehicle sales will be this strong this November. The annualized selling rate adjusted for seasonal trends reached 17.8 million, the second-fastest pace of the year. While that pace is off from 18.1 million a year earlier, it’s faster than any analyst estimate in surveys. The average projection was for a 17.5 million rate. Automakers’ results released are giving investors new evidence to determine whether the industry’s expansion is coming to an end after a record 2015 -- or if there is more room for economic-driven growth. Concerns ...
U.S. District Judge Charles Breyer on Tuesday delayed a court hearing set for Wednesday on Volkswagen Group's plan to address 80,000 polluting Audi, Porsche and VW 3.0-liter vehicles. In a court order, Breyer said negotiations are continuing between the German automaker, regulators and lawyers representing owners, and he set a Dec. 16 hearing, saying he had been advised that a delay "may produce a resolution of the outstanding issues." VW had reached an agreement with U.S. regulators for a mix of buybacks and fixes for the 80,000 vehicles, but still needed to reach agreement on o...
