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When former VW CEO, Martin Winterkorn, resigned following the emissions scandal in 2015, I’m sure he didn’t expect to be defending a lawsuit himself.
A U.S. District Judge has ruled that Mr Winterkorn must defend a suit that is brought by American pension fund investors. The suit alleges that VW are guilty of not warning or informing the market/investors ‘in a timely fashion’ about the emission scandal; instead leaving investors to find out about their pension funds after the scandal had been publicised and splashed across the news.
Following the publication of VW’s emissions scandal in September 2015, the lawsuit notes that VW’s market value for shares fell by $63 billion (£52 billion).
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We’ve been made aware that Volkswagen, via their instructed solicitors dealing with the ongoing Volkswagen Emission Scandal (“dieselgate”), is refusing to cover dealers who may be losing millions as a result of the scandal.
It’s easy to see that the dealers could lose a fortune from unsold vehicles and being forced to lower prices as a result of any impact caused by the emissions scandal. It only seems fair that dealers – whether they’re general or independent dealers, or dealers who specifically only sell Volkswagen, Audi, SEAT, and Skoda vehicles – be compensated for their costs and losses.
Sadly, they’re in the same boat as the rest here in the UK, as it appears that Volkswagen UK are intent on not only refusing compensation to vehicle owners, but also to dealerships across the country too.
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Amid all the VW investigations and settlement talks, the criminal investigations may have had slightly less media. The update on the criminal side is that a former-VW employee, as the first person to face U.S. criminal charges for the VW emissions scandal, has had his sentencing delayed.
It appears that U.S. District Judge Sean Cox may have cut the engineer, James Liang, some slack as his sentencing date has been pushed back from 1 February 2017 to 3 May 2017. The strategy for doing so was highlighted in Judge Cox’s delay order to “allow more time for defendant’s cooperation in the investigation”.
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After the U.S., it’s arguable that South Korea has become one of the strictest enforcers on the VW Group; and it continues as they have banned the sale of some Nissan, BMW and Porsche (a part of the VW Group) models.
The ban has come as a result of several automakers reportedly fabricating certification documents to make them ‘road worthy’, which has come out off the back of the ongoing VW emissions scandal.
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Following the, some may say, ingenious idea of stripping his Volkswagen (VW) Golf to the bare bones, Joe Mayer’s precedent may be short lived. U.S. District Court Judge Charles Breyer has advised VW owners to return their vehicles for buyback with all original car parts in them.
In mid-December, Mr Mayer was due an appointment for the buyback of his Golf TDI, but was notified that his appointment had been postponed. The dealership representative proceeded to tell him that returning the vehicle in that condition, which had missing doors, seats, car bonnet etc…, “wasn’t in the spirit of the buyback”.
The TDI owner had stripped his car to the bare bones, leaving an “operable” vehicle that technically met the requirements of the recall.
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Volkswagen (VW) has agreed to pay California, which will include paying the California Air Resources Board (CARB), an additional £54 million for the remaining 15,000 vehicles affected in the German automaker’s cheating scandal.
The settlement is reportedly provided with the intentions of mitigating the environmental harm caused by the cheating.
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Affected vehicle owner Joe Mayer has decided that he would try to sell the car back to VW as part of their promised “buy-back” but strip down the vehicle first.
The story has led to a spate of questions about the validity of stripping down a vehicle due for a buy-back, and we’re aware that others may have already followed suit…
This is certainly an interesting story, and quite a conundrum in terms of how Volkswagen has responded!
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Following several settlements in the U.S., the VW Group has recently reached a 1.27 billion pound settlement for the findings of anti-competitive practice in Canada.
Canada’s Competition Bureau has reached an agreement with the German manufacturers in a class action settlement for the “false and misleading” marketing in relation to their 2.0 litre diesel vehicles.
Approximately 105,000 vehicles in Canada are reportedly affected.
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As frustration mounts in the U.K. over VW’s continued refusal to pay compensation to victims on this side of the pond, the VW Group has come to yet another settlement in the U.S. Once again, it’s a settlement of monumental proportions.
This time it’s for the remaining 80,000 3.0 diesel vehicles that were suspected of using the so-called “defeat device” to cheat emissions, and, as you’d expect, the figures are massive.
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SEAT – a wholly-owned subsidiary of the VW Group – are directly in the firing line as part of the worldwide emissions scandal. Recent testing has some of their vehicles recording nitrogen oxide (NOx) emissions of up to five times outside of the regulated limit; even post-recall.
As a subsidiary of the VW Group, many SEAT vehicles contain the so-called “defeat device” and owners are already a part of the legal action here in the UK.
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Some of the Member States’ inaction in the VW emissions scandal has led to the European Commission taking matters into their own hands.
It was only a matter of time before the European Commission stepped in, we felt. There is so much inaction by the UK government and other Member State governments that its almost allowing VW to come away from this worldwide mess unpunished…
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Recent reports say that VW has adjusted the carbon dioxide emissions ratings for some of its vehicles.
The suspicion is that this follows the recent claims that Audi has been apparently using an alleged “defeat device” for CO2 emissions that is similar to the NOx ones already in many Audi vehicles, and used throughout the wider VW Group.
And so, once again, the saga continues…
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