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Tomorrow, we find out the details of the settlement between Volkswagen and the U.S. Government over the diesel emission scandal. As we reported last week, sources told various news outlets that part of the settlement would include compensation payments from $1,000 to $7,000 to owners. A European Union commissioner believes that should be extended to those in Europe. EU Industry Commissioner Elzbieta Bienkowska tells German newspaper Welt am Sonntag that Volkswagen should set up a similar compensation program for Europe. "Volkswagen should voluntarily pay European car owners compensation that is comparable with that which they will pay U.S. consumers," said Bienkowska. She said that it would be unfair for Volkswagen to treat European consumers differently than U.S. ones due to different legal systems. "But consumers in Europe should be treated differently than the US consumer is not a way to regain confidence." Source: Die Welt, Reuters View full article -
Tomorrow, we find out the details of the settlement between Volkswagen and the U.S. Government over the diesel emission scandal. As we reported last week, sources told various news outlets that part of the settlement would include compensation payments from $1,000 to $7,000 to owners. A European Union commissioner believes that should be extended to those in Europe. EU Industry Commissioner Elzbieta Bienkowska tells German newspaper Welt am Sonntag that Volkswagen should set up a similar compensation program for Europe. "Volkswagen should voluntarily pay European car owners compensation that is comparable with that which they will pay U.S. consumers," said Bienkowska. She said that it would be unfair for Volkswagen to treat European consumers differently than U.S. ones due to different legal systems. "But consumers in Europe should be treated differently than the US consumer is not a way to regain confidence." Source: Die Welt, Reuters -
Corvette Z06, 427 Owners File A Class-Action Lawsuit Against GM
William Maley posted an article in Chevrolet
19 owners of the 2006 - 2014 Chevrolet Corvette Z06 and 427 models have filed a class-action lawsuit against General Motors against an engine issue. The lawsuit says the 7.0L V8 fitted in these models have excessive valve guide wear that leads to engine failures. The suit goes on to say that GM is aware of this problem, but hasn't come up with a solution. According to Law360, General Motors began testing vehicles equipped with the V8 and were able to replicate the problem. The issue is that GM didn't go any further with the tests as it “would lead to more repair and investigations than it wished to perform.” If this suit goes forward, it might lead to lawsuits dealing with the new Corvette Z06 and its engine issues. As The Truth About Cars points out, a number of outlets have had issues with the Z06's engine. Towards the end of last year and early this year, a number of Z06 owners were having their engines fail with under 1,000 miles on the odometer. Gary Gastelu of Fox News in July had his Z06 tester experience engine failure In response, GM asked owners to follow the break-in procedure and change the oil when the vehicle hits 500 miles. [*]Motor Trend in their 'Best Drivers Car' test had the Z06 in DNF due to engine issues. "It didn't work. The damn Z06 retarded spark by 8 degrees, and the 1.7-liter TVS supercharger refused to make boost. No one knows why," wrote Motor Trend’s Jonny Lieberman. General Motors said the problem was bad gas, but this seems somewhat dubious as all of the vehicles - including two other GM products (Cadillac ATS-V and CTS-V) got the same gas. Source: Law360 (Subscription Required), The Truth About Cars -
19 owners of the 2006 - 2014 Chevrolet Corvette Z06 and 427 models have filed a class-action lawsuit against General Motors against an engine issue. The lawsuit says the 7.0L V8 fitted in these models have excessive valve guide wear that leads to engine failures. The suit goes on to say that GM is aware of this problem, but hasn't come up with a solution. According to Law360, General Motors began testing vehicles equipped with the V8 and were able to replicate the problem. The issue is that GM didn't go any further with the tests as it “would lead to more repair and investigations than it wished to perform.” If this suit goes forward, it might lead to lawsuits dealing with the new Corvette Z06 and its engine issues. As The Truth About Cars points out, a number of outlets have had issues with the Z06's engine. Towards the end of last year and early this year, a number of Z06 owners were having their engines fail with under 1,000 miles on the odometer. Gary Gastelu of Fox News in July had his Z06 tester experience engine failure In response, GM asked owners to follow the break-in procedure and change the oil when the vehicle hits 500 miles. [*]Motor Trend in their 'Best Drivers Car' test had the Z06 in DNF due to engine issues. "It didn't work. The damn Z06 retarded spark by 8 degrees, and the 1.7-liter TVS supercharger refused to make boost. No one knows why," wrote Motor Trend’s Jonny Lieberman. General Motors said the problem was bad gas, but this seems somewhat dubious as all of the vehicles - including two other GM products (Cadillac ATS-V and CTS-V) got the same gas. Source: Law360 (Subscription Required), The Truth About Cars View full article
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Industry News: What Brands Are Saab Owners Turning To?
William Maley posted a topic in Industry News
William Maley Staff Writer - CheersandGears.com September 4, 2012 With Saab officially bankrupt and its assets sold off, owners of Saab vehicles are now wondering where they should go for their next vehicle. Polk recently released a new study which looked at what former Saab owners now own. The study uses the Polk Disposal Loyalty Methodology, which looks what owners are selling whenever a new car is bought. The study found that Saab owners are moving to a wide variety of manufacturers. Honda is at the top, getting 7.2%. Volkswagen isn't far behind, taking 7%. Audi and Toyota tie for third, both getting 6.3%. Chevrolet rounds out the top five. Source: Polk William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article -
William Maley Staff Writer - CheersandGears.com September 4, 2012 With Saab officially bankrupt and its assets sold off, owners of Saab vehicles are now wondering where they should go for their next vehicle. Polk recently released a new study which looked at what former Saab owners now own. The study uses the Polk Disposal Loyalty Methodology, which looks what owners are selling whenever a new car is bought. The study found that Saab owners are moving to a wide variety of manufacturers. Honda is at the top, getting 7.2%. Volkswagen isn't far behind, taking 7%. Audi and Toyota tie for third, both getting 6.3%. Chevrolet rounds out the top five. Source: Polk William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. -
William Maley Staff Writer - CheersandGears.com August 20, 2012 Ford's decision to end Ranger production and move towards an expanded F-150 lineup could cost it about half of its Ranger owners, a new report says. Ford ended production of the Ranger last year and closed down its St. Paul, Minnesota, assembly plant where the truck was built. Ford said that the market for small pickups was dwindling and the decision was made to not continue with the Ranger. Instead, Ford is pushing Ranger owners to the F-150 or other Ford vehicles. "We are retaining some Ranger buyers, with the bulk of them moving to F-Series and Escape. As for the compact pickup segment, it has become a much smaller part of the overall industry over the last 12 years," said Erich Merkle, Ford's U.S. sales analyst. Jesse Toprak, vice president of industry analysis for TrueCar.com says Ford overestimated the number of Ranger owners who would be willing to step up to the F-150. "We do know that a good portion of would-be Ranger buyers are going to different brand. Ford may have been too optimistic in their assumption of how many Ranger buyers want to buy an F-150." Reasons as to why Ranger owners aren't snatching up F-150s are the higher price-tag and the large size of the F-150 compared to the Ranger. What are former Ranger owners looking at? The Toyota Tacoma and Nissan Frontier. Source: The Detroit News -
William Maley Staff Writer - CheersandGears.com August 20, 2012 Ford's decision to end Ranger production and move towards an expanded F-150 lineup could cost it about half of its Ranger owners, a new report says. Ford ended production of the Ranger last year and closed down its St. Paul, Minnesota, assembly plant where the truck was built. Ford said that the market for small pickups was dwindling and the decision was made to not continue with the Ranger. Instead, Ford is pushing Ranger owners to the F-150 or other Ford vehicles. "We are retaining some Ranger buyers, with the bulk of them moving to F-Series and Escape. As for the compact pickup segment, it has become a much smaller part of the overall industry over the last 12 years," said Erich Merkle, Ford's U.S. sales analyst. Jesse Toprak, vice president of industry analysis for TrueCar.com says Ford overestimated the number of Ranger owners who would be willing to step up to the F-150. "We do know that a good portion of would-be Ranger buyers are going to different brand. Ford may have been too optimistic in their assumption of how many Ranger buyers want to buy an F-150." Reasons as to why Ranger owners aren't snatching up F-150s are the higher price-tag and the large size of the F-150 compared to the Ranger. What are former Ranger owners looking at? The Toyota Tacoma and Nissan Frontier. Source: The Detroit News View full article
