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Tag: Dieselgate

  • Brussels Urges Volkswagen To Compensate All EU Dieselgate

    Brussels Urges Volkswagen To Compensate All EU Dieselgate

    Brussels on Tuesday called on Volkswagen to pay out all European consumers – and not just German ones – affected by the “Dieselgate” scandal in which the automaker tampered with vehicle emissions to cheat pollution tests.

    EU Justice Commissioner Didier Reynders said in a statement that VW “is not willing to work with consumer organisations to find appropriate solutions for consumers,” noting that it so far is only making payouts to German and US purchasers of its affected vehicles.

    “All consumers need to be compensated,” Reynders said.

  • Porsche SE Faces U.S. Lawsuit Over Dieselgate Scandal

    Porsche SE Faces U.S. Lawsuit Over Dieselgate Scandal

    Porsche SE, Volkswagen’s largest shareholder, is facing a lawsuit in the United States over claims related to the carmaker’s diesel emissions scandal. The suit, filed with the Supreme Court of the state of New York in April, targets Porsche SE as well as former members of the management and supervisory boards of Volkswagen, Porsche SE said in its half-year report. Porsche SE, which holds 31.4% of Volkswagen, did not identify the plaintiffs and did not detail or quantify possible claims, saying the action had not yet been served.

    “The plaintiffs claim to be shareholders of Volkswagen AG and assert with their action alleged claims of Volkswagen AG on behalf of Volkswagen AG,” Porsche SE said.

    The lawsuit marks the latest chapter in the “dieselgate” saga since Volkswagen admitted in September 2015 to using illegal software to rig diesel engine emissions tests. The scandal has cost the carmaker more than 32 billion euros ($38 billion) in fees, fines and legal costs so far.

    Volkswagen and Porsche SE are already subject to 4.1 billion euros worth of shareholder claims in relation to the crisis, but it could take years before they are resolved.

    Last month, Volkswagen shareholders approved a deal to settle claims against four former executives, including long-time CEO Martin Winterkorn, related to the crisis.

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  • Audi To Pay 800 Million Euros Fine Over Dieselgate Scandal

    Audi To Pay 800 Million Euros Fine Over Dieselgate Scandal

    Volkswagen said on Tuesday that its subsidiary Audi would not contest an 800-million-euro (USD 927 million) fine issued by German prosecutors over “deviations from regulatory requirements” in diesel engines.
    “Audi AG has accepted the fine” investigators levied for “deviations from regulatory requirements in certain V6 and V8 diesel aggregates and diesel vehicles”, the group said in a statement, adding that “the fine will directly affectVolkswagen AG’s financial earnings” for 2018
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  • Australia sues Volkswagen over alleged emissions fraud

    Australia sues Volkswagen over alleged emissions fraud

    The Australian consumer watchdog on Thursday said it had sued the Australian arm of world No. 2 carmaker Volkswagen AG (VOWG_p.DE) for intentionally selling more than 57,000 vehicles with software which lied about levels of toxic emissions.

    “These allegations involve extraordinary conduct of a serious and deliberate nature by a global corporation,” Australian Competition and Consumer Commission Chairman Rod Sims said in a statement.

    The Federal Court action adds to what is already proving to be costly legal fallout for the German company as it faces class action lawsuits in Australia and around the world over emissions fraud, as well as penalties from antitrust authorities.

    Already in Australia, law firm Maurice Blackburn is seeking more than A$100 million ($75 million) from the company, including the full replacement cost of some 90,0000 vehicles, while the auto giant has agreed to pay its 650 U.S. dealers $1.2 billion in compensation.

    In Australia, the ACCC said it wanted the company to make public declarations of misconduct, pay unspecified financial penalties and issue corrective advertising in relation to its actions over five years.

    “Volkswagen engaged in multiple breaches of the Australian consumer law by concealing software in their vehicles to cheat emissions testing and misleading consumers about the vehicles’ compliance,” Sims said.

    “Consumers rightly expect that their vehicle’s emissions would operate as advertised during their day-to-day use and we allege that this was not the case.”

    Volkswagen Group Australia said in a statement that it doubted the ACCC’s action would benefit consumers since it planned to give them software which corrected the emissions data as soon as it was approved by the government – likely by year-end.

    The Volkswagen unit, which is defending the private class action, said it was reviewing the ACCC’s claims.

  • Volkswagen awaits approval for its dieselgate fix in India

    Volkswagen awaits approval for its dieselgate fix in India

    Volkswagen, the European automotive major hit by the dieselgate scandal, said the company has found a fix for its EA 189 diesel engines in India and has sent it for approvals of the local authorities.

    Once it gets the clearance, the solution would be applied on 3.23 lakh vehicles that have been sold in the country with the EA 189 family of engines. The company said it has also found a software solution for the local Vento manual diesel model, production of which is currently stopped due to inconsistent emission of carbon monoxide. People in the know said Volkswagen could start recalling vehicles by the end of June or July to fix the problem. It is aiming to complete the process within six to eight months.

    “We are awaiting approval (for the fix) and will begin the recall process in the coming months and are hopeful that fixes on all vehicles will be concluded by the end of the year,” Volkswagen India managing director Andreas Lauermann told ETon the sidelines of an event to roll out the Ameo sedan from its factory.

    He said the company’s focus is currently entirely on the Ameo as VW seeks to make a strong comeback in the Indian market. The company’s image had taken a major hit globally following revelations that it had cheated on emission test results. Its sales were hit in India and elsewhere, even as it announced a massive programme to fix the problem.

    The recall process for vehicles fitted with the EA 189 diesel engines, which was to begin at the start of 2016, is yet to get underway. These EA 189 engines are of different displacements 1.2-litre, 1.5-litre, 1.6-litre and 2.0-litre TDI. The 1.2-litre and 2-litre engines need software updates in India, while the 1.5-litre and 1.6-litre engines will get both software and a hardware fix.

    Volkswagen India, which posted strong sales in the first nine months of 2015 with double-digit growth, got hit because of the controversy, with domestic volume declining 2.4% to 43,152 units in 2015. Thanks to the strong export offtake and incremental Ameo output, Volkswagen India is planning to grow its output 15% in 2016 to about 1.42 lakh units. Developed with an investment of Rs 720 crore, the Ameo sedan is a made-for-India product in the VW world.

    Ameo will be positioned in the subcompact sedan market, which sees sales of 25,000 to 30,000 units a month. It will take on the likes of Maruti Suzuki Dzire and Honda Amaze. The company aims to produce about 150 Ameos a day. With the Vento and Polo monthly volumes taking a hit, VW is now betting on Ameo to bring in decent incremental volumes.

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