Mexican Media Brands
“Substantial Progress” on VW Deal about U.S. Diesel Cheating
Volkswagen is making “substantial progress” in reaching a settlement with U.S. customers and government agencies over the company’s cheating on diesel emission tests, says U.S. District Judge Charles Breyer.
#legal
Share
Volkswagen is making “substantial progress” in reaching a settlement with U.S. customers and government agencies over the company’s cheating on diesel emission tests, says U.S. District Judge Charles Breyer.
The parties have a June 21 deadline from Breyer’s San Francisco court to reach a final agreement. The judge reiterates that the settlement will include significant compensation to 482,000 owners of Audi and Volkswagen vehicles whose 4-cylinder diesels were found to emit as much as 40 times the allowable level of smog-forming nitrogen oxides.
VW continues to seek a deal for an additional 80,000 V-6 diesels also flagged by environmental agencies as using “defeat” software to evade emission standards. The cheating was uncovered eight months ago.
Separately, a source tells Reuters that VW now believes the €16.2 billion ($18.1 billion) it has arranged to pay for repairs, fines and legal settlements will be sufficient to cover its identified costs to date.
RELATED CONTENT
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
