Tag: vw group claim
German financial authorities to investigate major car makers over suspected cartel
The Federal Financial Supervisory Authority (BaFin) for Germany has confirmed with German newspaper, Handelsblatt, that they will indeed be “examining whether VW and Daimler respected their duty to inform markets following their allegedly reporting themselves to the authorities” of alleged wrongdoing.
On top of that, Volkswagen and Daimler have reportedly admitted to colluding amongst themselves and other carmakers to discuss sensitive business topics. In exchanging such information and advice, the car makers may be guilty of creating a cartel, which is prohibited in EU law as they can be harmful to the market and its consumers.
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VW’s fines and penalties hailed as strong deterrent
Director of the Environmental Protection Agency (EPA) has hailed fines and penalties inflicted upon the VW Group as a great success for deterring further cheating from other automakers.
According to Reuters, Christopher Grundler, director of EPA’s Office of Transportation and Air Quality, in a meeting with automotive engineers commented on the effectiveness of the fines and penalties. He said, “It gets everybody’s attention”.
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VW Group Action Settlement offers approved by U.S. judges
On 14th February 2017, the U.S. federal judge decided to share the love with thousands of affected vehicle owners when it granted preliminary approval to a $1.22 billion (£979 million) settlement offer made by VW.
In a separate hearing, U.S. District Judge, Charles Breyer, also approved a $327.5 (£262) million settlement offer made by Bosch.
Things are moving forward nicely in the U.S. which is, to be fair, frustrating for the thousands of U.K. clients we act for! We’re still confident we can win the cases though. So we’ll keep fighting them!
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“Good Riddance” – The ban on VW’s diesel vehicle sales in the U.S.
The ban on selling any 2017 diesel vehicles in the U.S., or any diesel vehicles, could be the biggest punishment that VW will have to face from their stunt of cheating emissions tests, which was revealed in September last year.
This could even supersede the millions of dollars in fines that they have to pay out.
The reason why I’m of that opinion is because the diesel vehicles sold in the U.S. made up a big percentage of all VW sales; which is not surprising as the German manufacturer marketed the cars to be “eco-friendly” and “greener” than other vehicles, and they cornered the diesel market well.
However, their “green assertions” turned out to be somewhat misleading…
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“Does Bosch Have Something to Hide?” – Volkswagen and Bosch reject access to records in “Dieselgate” scandal
In the latest developments of the Volkswagen Emissions Scandal, and the increasing press surrounding Bosch and their alleged involvement, VW and Bosch have rejected access to more than 20 million pages of records requested by European investors and vehicle owners as part of legal actions.
These documents were submitted to the U.S. courts, and their use for others in Europe could be substantial, which is why they have been requested. However, both German companies have requested that the U.S. federal judge reject any requests made by European investors or vehicle owners asking for the documents.
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Word on the street: are they all doing it? – rumours are that other car manufacturing companies like Volkswagen are in some way ‘cheating’ emissions tests
After the recent car emissions scandal from Volkswagen, it seemed like things could not get any worse for the car manufacturing companies who have come under heavy scrutiny as others are accused of following suit, and perhaps even cheating the system.
Well, reports are finding that car manufacturers like Fiat and Suzuki may be emitting far more emissions than they should be doing. Renault and Nissan have also come under scrutiny as well, and this is off the back of Mitsubishi already admitting to bending the rules, and the likes of Opel being criticised for ways in which they may have used the rules to get around emissions restrictions.
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The growing involvement of Bosch in the Volkswagen Emission Scandal
One of the first things we looked at was the technicalities behind how Volkswagen had developed intelligent software to basically know when a vehicle is being tested, and know when it’s not.
The science behind it is easy to grasp – the tests are so linear and standard that the technology knows when the car is being tested, by knowing things like steering patterns; speed; longevity of the drive; temperatures, etc.
But, whilst the parameters are easy to recognise, the technology is a pretty sophisticated piece of kit.
And that’s where Bosch comes in.
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Group Action Lawyers – Volkswagen Emissions Scandal Update
The Group Action Lawyers are acting on behalf of thousands of people affected by the scandal.
Anyone who purchased a diesel Volkswagen Group car should already have been notified by their manufacturer about the problem. If you have yet to receive confirmation that you are affected, you can use online VIN checkers on the respective website of your manufacturer.
More than a million Audi, Skoda, SEAT, and Volkswagen vehicles are affected here in the UK.
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