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February 1, 2017 - Industry News

VW Settles Civil Claims for 3.0L Diesels

Volkswagen has agreed to pay $1.2 billion to buyers of vehicles powered by its emissions-violating 3.0L V-6 diesel engine as part of a settlement that still requires approval from the U.S. Federal Trade Commission and a federal judge.

Tags: Federal Trade Commission, Volkswagen, Volkswagen Scandal

January 24, 2017 - Industry News

Court Approves Volkswagen’s $1.6B Dealer Settlement

A federal judge on Monday granted final approval to Volkswagen AG’s $1.67 billion settlement with 652 VW-branded franchised dealers in connection with the automaker’s diesel emissions scandal.

Tags: Diesel, emissions, Settlement, Volkswagen, Volkswagen Scandal

January 12, 2017 - Industry News

Autodata: December Sales Push 2016 New-Vehicle Sales Above 17.5 Million

The 3.1% year-over-year increase in new-vehicle sales in December was more than enough to push the industry’s annual sales tally above the 17.5 million-unit mark for 2016, according to Autodata Corp.

Tags: Audi, BMW, Chrysler, December, Ford, GM, Honda, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, SAAR, Toyota, Vehicle Sales, Volkswagen

January 12, 2017 - Industry News

EPA Accuses FCA of Excess Diesel Emissions

The U.S. Environmental Protection Agency has accused Fiat Chrysler Automobiles of failing to disclose engine management software that increased air pollution in 104,000 diesel-powered Ram 1500 trucks and Jeep Grand Cherokee SUVs in the 2014 to 2016 model years. FCA officials say the software shouldn’t be considered a defeat device.

Tags: Autotrader, emissions, Environmental Protection Agency, Fiat Chrysler, Volkswagen

January 10, 2017 - Industry News

Volkswagen AG Pleads Guilty to Emissions Scandal

Aside from the $4.3 Billion settlement, the U.S. Department of Justice announced that six Volkswagen executives and employees were indicted for their role in the decade-long conspiracy to cheat U.S. emissions tests.

Tags: Diesel, emissions, Volkswagen, Volkswagen Scandal

December 21, 2016 - Industry News

VW Reaches $1B Settlement for 3.0L Diesels

Volkswagen has reached an agreement to settle claims relating to its 3.0L V-6 TDI engines, committing to buy back a quarter of those vehicles. The automaker will also set aside $225 million for emissions reduction, and pay $25 million to support the use of zero emission vehicles (ZEVs) in California.

Tags: Diesel, Settlement, Volkswagen

December 6, 2016 - Industry News

New-Vehicle Sales Rise 3.7% in November, Autodata Reports

The industry sold 1.38 million new units in November, a 3.7% increase from a year ago, according to Autodata Corp. November's seasonally adjusted annual rate was 17.87 million, which was slightly lower than last November’s SAAR of 18.25 million.

Tags: Audi, BMW, Chrysler, Ford, GM, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Novemer, Porsche, Toyota, Vehicle Sales, Volkswagen

October 25, 2016 - Industry News

VW to Start Diesel Buybacks

Volkswagen will begin buying back its 2.0L diesel models following approval Tuesday of a $14.7 billion settlement by a federal judge. The automaker expects to complete the process by the middle of November, a spokeswoman said.

Tags: TDI, Volkswagen, Volkswagen Scandal

September 1, 2016 - Industry News

Volkswagen to Offer New Models at Lower Prices, Residuals May Suffer

Volkswagen will begin offering its new models for lower prices and provide dealers with a broader product range in a move that could lower residual values if incentives remain high, according to an industry expert.

Tags: incentives, New Vehicle Prices, Volkswagen

August 11, 2016 - Industry News

FTC Says Some VW Dealers Are Misleading Diesel Owners About Buyback Deal

The Federal Trade Commission said this week it has received reports that some dealers and private parties are attempting to take advantage of Volkswagen’s diesel emissions scandal.

Tags: Diesel, FTC, Settlement, Volkswagen, Volkswagen Scandal

July 20, 2016 - Industry News

3 States Charge VW Execs With Fraud in New Lawsuits

Regulators in Maryland, Massachusetts and New York charge that the emissions scandal and alleged cover-up was orchestrated and approved 'at the highest levels of the company, up to and including former CEO Martin Winterkorn.'

Tags: compliance, emmissions, Volkswagen, Volkswagen Scandal

June 22, 2016 - Industry News

J.D. Power: Initial Quality Shows Largest Improvement in Seven Years

Kia ended the 27-year reign of premium brands by ranking highest among all nameplates in J.D. Power’s annual study. Overall, new-vehicle quality improved 6%, which was double last year’s 3% improvement.

Tags: General Motors, Hyundai, Initial Quality Study, J.D. Power, Kia, Toyota, Volkswagen

June 14, 2016 - Industry News

Toyota Earns Top Spot in Customer Experience Study

After asking 10,000 U.S. consumers about their dealership experience, the Temkin Group found that the two manufacturers with the highest customer experience ratings were Toyota and Mercedes-Benz, according to Edmunds.com.

Tags: Customer Experience, Edmunds.com, Toyota, Volkswagen

May 26, 2016 - Industry News

Toyota, Volkswagen Announce Partnerships With Ride-Hailing Services

Toyota announced a partnership with ride-hailing giant Uber, while Volkswagen forged a pack with lesser-known but reportedly fast-growing Gett. While both OEMs sought out relationships with ride-hailing services, their approach to the partnerships will differ slightly.

Tags: Gett, Lease, Ride-Sharing, Toyota, Uber, Volkswagen

May 12, 2016 - Industry News

GM Replacing 88% of Lineup By 2020

General Motors should gain market share by replacing 88% of its light-duty lineup by 2020, while Volkswagen and Korean automakers are relying too heavily on cars with consumer demand shifting toward SUVs and trucks, a Bank of America Merrill Lynch analyst has said.

Tags: BANK OF AMERICA, Chevrolet, Fiat Chrysler, Ford, General Motors, Hyundai, Kia, Merrill Lynch, Nissan, Toyota, Volkswagen

April 21, 2016 - Industry News

Volkswagen Agrees to Diesel Settlement

Volkswagen has agreed to give buyers of the nearly 600,000 vehicles sold in the United States with the emissions cheating software the option of selling the cars back or getting them fixed, a judge announced April 21.

Tags: Diesel, Settlement, Volkswagen, Volkswagen Scandal

April 7, 2016 - Industry News

Dealer Group Files Class Action Lawsuit Against Volkswagen

A family-owned dealer group has filed a class action lawsuit against Volkswagen for intentionally defrauding dealers by installing defeat devices in its diesel cars. The dealer group is also claiming that Volkswagen separately carried out an illegal pricing and allocation scheme that favored some dealers over others.

Tags: Diesel, Lawsuit, Volkswagen, Volkswagen Scandal

March 29, 2016 - Industry News

FTC Seeks Court Order Against Volkswagen for Deceptive Advertising

The Federal Trade Commission is seeking a court order against Volkswagen that would require the manufacturer to compensate American consumers who bought or leased a vehicle equipped emissions cheat software. Volkswagen has also been granted an extension to come up with a detailed plan to recall 600,000 affected diesel vehicles.

Tags: Diesel, FTC, U.S. District Court, Volkswagen, Volkswagen Scandal

February 16, 2016 - Industry News

VW Credit Teams With Safe-Guard on New Line of F&I Products

VW Credit Inc. has partnered with Safe-Guard Products International to develop,, market an distribute a new line of Volkswagen-, Audi-, and Ducati-branded F&I products. The new line will be introduced to dealers on Jan. 1, 2017.

Tags: Audi, Audi Financial Services, Ducati, Ducati Financial Services, Volkswagen, VW Credit

January 12, 2016 - Industry News

California Air Resources Board Rejects Volkswagen Recall Plan

CARB rejected Volkswagen's recall plan because it contained gaps and lacked sufficient detail. The agency said Volkswagen’s descriptions of proposed repairs lacked enough information for a technical evaluation and did not adequately address overall impacts on vehicle performance, emissions and safety.

Tags: California Air Resources Board, Diesel Powered, Environmental Protection Agency, vehicle recall, Volkswagen

January 12, 2016 - Industry News

2015 New-Vehicle Sales Reaches 17.5 Million Units

New-vehicle sales for 2015 totaled 17.5 million units, with the industry closing out the year with December sales of 1.6 million units, according to Autodata Corp.

Tags: BMW, Chrysler, December, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, SAAR, Toyota, Volkswagen

January 5, 2016 - Industry News

Justice Department Files Civil Complaint Against Volkswagen

The complaint was filed on Monday and alleges that nearly 600,000 diesel engine vehicles were equipped with illegal devices designed to cheat emissions testing.

Tags: Civil Complaint, Department of Justice, Violations, Volkswagen

December 2, 2015 - Industry News

Volkswagen Suffers 24.7% Drop in Unit Sales

The effects of Volkswagen’s diesel engine scandal are beginning to sink in, with the automaker reporting a 24.72% drop in November sales.

Tags: Autotrader, Diesel Powered, Kelley Blue Book, Volkswagen

December 1, 2015 - Industry News

TimeHighway, Recall Masters Team Up on Recall Service Solution

Recall Masters has integrated its real-time recall status service with TimeHighway’s online scheduling solution, allowing dealers to purchase parts and free up technicians before a customer arrives for service.

Tags: General Motors Recall, Recall Masters, TimeHighway.com, Toyota recall, vehicle recall, Volkswagen

November 19, 2015 - Industry News

VW Apologizes, Promises Imminent Diesel Fix

The CEO of Volkswagen's North American operations offered a public apology to consumers and dealers during the Los Angeles Auto Show's press day. He said the company is on the verge of revealing its plan to fix the nearly 500,000 diesel vehicles sold in the United States with an emissions software cheat.

Tags: Diesel Powered, emmissions, Michael Horn, Volkswagen

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