Mexican Media Brands
VW Delayed Revealing Diesel Cheating in Hopes of Quick Deal
Volkswagen AG admitted to U.S. regulators on Sept. 3 that it had rigged diesel engines to evade emission standards. But it tells a German court it waited two weeks to publicly reveal the cheating in hopes of reaching a deal to limit the cost of fixing the vehicles.
#legal #regulations
Share
Volkswagen AG admitted to U.S. regulators on Sept. 3 that it had rigged diesel engines to evade emission standards. But it tells a German court it waited two weeks to publicly reveal the cheating in hopes of reaching a deal to limit the cost of fixing the vehicles.
VW has begun repairing some 8.5 million affected diesels in Europe. But it still has no agreement with American regulators about how to repair 580,000 diesel-powered Audi, Porsche and Volkswagen brand cars and crossover vehicles in the U.S.
The company revealed its bargaining strategy in a report submitted a week ago in response to a lawsuit in Germany. The shareholder complaint says VW failed to inform investors promptly about the cheating. VW contends that announcing the issue sooner than it did would have jeopardized the negotiations.
But the tactic didn’t work. Last week VW brand chief Herbert Diess said VW may be months away from a recall settlement in the U.S. A resolution will impact a separate lawsuit by the U.S. Dept. of Justice that in theory could penalize VW as much as $48 billion for violating American emission laws.
RELATED CONTENT
-
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
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
Mustang Changes for 2018
On Tuesday Ford unveiled—using the social media channels of actor Dwayne Johnson (this has got to unnerve some of the auto buff book editors)—the 2018 Mustang, which has undergone some modifications: under the hood (the 3.7-liter V6 is giving way to a 2.3-liter EcoBoost four, and a 10-speed automatic is available), on the dash (a 12-inch, all-digital LCD screen is available for the dashboard), at the tires (12 wheel choices), on the chassis (MagneRide damper technology is being offered with the Mustang Performance Package), and on the exterior (three new paint colors). And while on the subject of the exterior, there are some notable changes—a lower, remodeled hood, repositioned hood vents, new upper and lower front grilles, LED front lights, revised LED taillamps, new rear bumper and fascia.
