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Showing results for tags 'dieselgate'.
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The German motor vehicle authority (Kraftfahrt-Bundesamt) has determined that Mercedes-Benz has delivered vehicles that used illegal cheat software to achieve lower emissions of NOx and CO2 during controlled conditions and preset speeds. This allowed the vehicles to meet emissions requirements during testing, but not during real world driving. The vehicles in question are the C220 CDI and the E220 CDI. Daimler has been ordered to recall up to 280,000 vehicles and the Stuttgart public prosecutor could slap a fine of up for €5000 per vehicle. Back in June, the motor authority also ordered the recall of 60,000 GLK diesels. Daimler also faces the authorities in the US for higher than allowed emissions from their diesel vehicles. Daimler has declined to comment while the investigation is ongoing. View full article -
Daimler Facing Fines Up to €1 Billion For Diesel Cheating
Drew Dowdell posted an article in Mercedes Benz
The German motor vehicle authority (Kraftfahrt-Bundesamt) has determined that Mercedes-Benz has delivered vehicles that used illegal cheat software to achieve lower emissions of NOx and CO2 during controlled conditions and preset speeds. This allowed the vehicles to meet emissions requirements during testing, but not during real world driving. The vehicles in question are the C220 CDI and the E220 CDI. Daimler has been ordered to recall up to 280,000 vehicles and the Stuttgart public prosecutor could slap a fine of up for €5000 per vehicle. Back in June, the motor authority also ordered the recall of 60,000 GLK diesels. Daimler also faces the authorities in the US for higher than allowed emissions from their diesel vehicles. Daimler has declined to comment while the investigation is ongoing. -
The U.S. Security and Exchange Commission has filed suit in San Francisco on Thursday alleging that from April 2014 through May 2015, Volkswagen fraudulently issued more than $13 Billion in bonds and securities in the U.S. market. During that time, the SEC alleges that Winterkorn and other senior management knew about the problem with over 500,000 diesel vehicles that exceeded legal emissions limits. The suit says: Winterkorn resigned within days of the scandal braking in 2015. Volkswagen said in a statement that the lawsuit is "legally and facturally flawed" and "the company will contest it vigorously". Volkswagen has already agreed to pay more than $25 billion in a settlement over the dieselgate scandal to buy back defective vehicles, paying fines, and setting up funds to help build out electric vehicle infrastructure. Winterkorn has already been charged in the US. View full article
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The U.S. Security and Exchange Commission has filed suit in San Francisco on Thursday alleging that from April 2014 through May 2015, Volkswagen fraudulently issued more than $13 Billion in bonds and securities in the U.S. market. During that time, the SEC alleges that Winterkorn and other senior management knew about the problem with over 500,000 diesel vehicles that exceeded legal emissions limits. The suit says: Winterkorn resigned within days of the scandal braking in 2015. Volkswagen said in a statement that the lawsuit is "legally and facturally flawed" and "the company will contest it vigorously". Volkswagen has already agreed to pay more than $25 billion in a settlement over the dieselgate scandal to buy back defective vehicles, paying fines, and setting up funds to help build out electric vehicle infrastructure. Winterkorn has already been charged in the US. -
G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com UK Law Firm files Lawsuit against VW UK VW Owners Lawsuit A downtown law firm has filed a group class action lawsuit against VW on behalf of a potential 1.2 million TDI owners. To date according the Euro Autonews web site 10,000 have signed on to be represented. VW has taken a very different approach to Europe and with that, more and more countries are demanding compensation equal to what VW is doing in the US. Last year according to the story, a Spanish court found in favor of the owners that the local dealer was also responsible and judged in favor of the TDI owners that the dealerships owed them compensation. As such the Dealers have been told to pay each buyer $5000 Euro's in compensation. This is in addition to what ever they will get from VW as the country negotiates a similar deal like the US. The UK now seems to want to go down this same road also with VW but from the law firm side of things as UK citizens have accused British authorities of being slow to respond and the European Union is taking action against Germany, UK, and five other member states for failure to police emissions testing by the auto industry. Course VW states it will defend itself robustly in the case and that VW owners will not loose out due to the scandal. Course local resell of the auto's is showing a huge hit as is VW sales which are down 7.5% for 2016 at a time when the over all auto sales rose 2% over 2015. At the rate that countries have decided to go after American type settlements with VW. The current 7 countries could potentially bankrupt VW if each country gets similar agreements. After all, the US has only about 1/3 the TDI's that UK has and if VW settles for 14 Billion here, why would it not be a 42 billion settlement in the UK and more elsewhere? The next year to year and half is going to be very interesting for VW.
