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Archive for the ‘Diesel’ Category

VW Diesel Owners in Settlement Cruising Up to Deadline

Car owners could miss out on more than $10K.

by on Jul.17, 2018

VW owners impacted by the diesel scandal are running up against a deadline to get their cash.

The clock is ticking on Volkswagen owners who are eligible to receive compensation for their vehicles as a result of the diesel cheat scandal from 2015.

The owners of diesels with the cheat were essentially divided by engine size. The owners of 2.0-liter diesels were part of the first settlement reached between the automaker and the U.S. government.

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Those vehicles account for about 95% of those owners qualify for the program since the deal was approved by a federal judge in October 2016, USA Today reported. In all, its nearly 475,000 cars that were eligible for that deal, which expires Sept. 1. (more…)

US Appeals Court Upholds $10B VW Deal With Diesel Owners

Court dismisses objections by small owners group to settlement.

by on Jul.09, 2018

Former VW Group CEO Martin Winterkorn was indicted by German authorities in May.

After a nearly two-year delay, a $10 billion settlement between Volkswagen AG and diesel car owners involved in the emissions cheating scandal has been approved by a U.S. appeals court.

The 9thU.S. Circuit Court of Appeals ruled the deal delivered “tangible, substantial benefits” and the federal judge who approved it did more than enough to ensure it was fair, despite several objections from some owners.

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VW will spend up to $10 billion compensating owners of about 475,000 Volkswagens and Audi vehicles with 2.0-liter diesel engines.VW agreed to offer owners of the 2.0-liter vehicles between $5,100 and $10,000 in compensation, in addition to the estimated value of the vehicle. (more…)

New Vehicles Jumping in June

Big Six automakers all enjoy sales increases last month.

by on Jul.03, 2018

Ram trucks and Jeep led Fiat Chrysler to an 8% sales jump in June.

Even as the price of gasoline rises, the six big car makers that dominate the U.S. market, Fiat Chrysler Automobiles. N.V. Ford Motor Co., General Motors, Toyota Motor Co., American Honda and Nissan, all reported sales increases for June with the help of strong sales of trucks and utility vehicles.

Fiat Chrysler Automobiles N.V. reported June 2018 sales of 202,264 vehicles, an 8% increase compared with sales in June 2017.

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Overall sales were bolstered by both the Jeep and Ram brands, which reported significant increases for the month. FCA had the best retail sales in June sales since 2004. Fleet accounted for 23% of total sales, a 1% decline from the previous year. (more…)

Ford Jumping into the Taxi Business

NYC's Nissan mandate is going away, opening the market.

by on Jun.18, 2018

Ford's new Transit Connect Taxi is powered by a diesel engine expected to get at least 30 mpg when testing is complete.

The taxi business is about to get more competitive as Ford prepares to introduce two new taxis: the new 2019 Transit Connect Taxi with a diesel engine and the 2019 Fusion Hybrid Taxi.

“Taxi operators want vehicles that are reliable, efficient and comfortable,” said Imran Jalal, brand and communications manager for Ford fleet marketing.

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“Transit Connect Taxi and Fusion Hybrid Taxi offer all three with special attention to potentially help lower fuel costs. Plus, Fusion Hybrid underscores our commitment to introduce even more efficient and capable hybrids in the future.” (more…)

Audi CEO Stadler Arrested as Germany Expands Diesel Emissions Probe

As many as 20 current, former Audi employees now under investigation.

by on Jun.18, 2018

German prosecutors have arrested Audi CEO Rupert Stadler, though no charges have yet been filed.

Audi CEO Rupert Stadler has been “provisionally” arrested, the luxury arm of Volkswagen AG confirmed Monday morning, as the German government probe into emissions rigging by VW and the Audi subsidiary continues to expand.

Nearly a dozen executives and managers from the vast Volkswagen Group empire have been indicted since the automaker was first charged in September 2015 with rigging various diesel engines to illegally pass emissions tests. Several have already been convicted in the U.S., though others have fled to Germany where they cannot be extradited. But as many as 20 others are now under suspicion as Germany moves forward with its own investigation, according to the Associated Press.

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“Audi CEO Rupert Stadler was provisionally arrested this morning,” VW’s largest luxury brand said in a statement Monday morning. It added that “the presumption of innocence remains in place for Mr. Stadler.”

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Diesel Scandal Continues to Grow With New Daimler Recall

Company order to recall 238K vehicles in Germany.

by on Jun.14, 2018

Daimler AG's Dieter Zetsche attempted to assuage concerns of investors about diesel engines during the company's annual meeting.

The diesel cheating scandal is almost three years old, but it just seems to keep getting bigger.

Daimler AG has been hit by the German government with an order to recall 238,000 vehicles in Germany after they were identified has being equipped with illegal software that hide diesel emissions.

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In all, there are a total of 774,000 diesel vehicles across Europe, containing the so-called “defeat devices” software and Daimler indicated it would recall all of them Daimler said it would refit the software but denied any wrongdoing. (more…)

VW Tagged With $1B Fine in Germany for Diesel Scandal

Penalty doesn't prevent civil lawsuits against maker.

by on Jun.13, 2018

VW's new CEO Herbert Diess recently noted the company would have to work hard to regain the public's trust.

Volkswagen AG’s diesel cheating scandal has resulted in the automaker writing another large check, $1 billion, for violating German emissions controls mandates.

The fine is just the latest in a litany of payouts related to the automaker’s attempts to circumvent emissions rules in the U.S. and other countries.

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The $1 billion fine by German authorities is one of the largest in the country’s history. However, its significantly less than what it agreed to in a U.S. plea agreement in January 2017 when VW agreed to pay $4.3 billion in criminal and civil penalties for installing illegal software in diesel engines.  (more…)

Volvo Hopes to Electrify Customers – and Investors

All-electric models now expected to generate half its sales by mid-2020s, with 1/3 self-driving.

by on Jun.08, 2018

The Volvo 40.2 Concept hints at what's coming with the marque's first all-electric vehicle.

Volvo took a lead in the push into electrification last year, announcing it would use some of battery-based drive system on all future products, whether mild, conventional or plug-in hybrids, or pure battery-electric. And, last January, it gave us a hint of what that first BEV would be with the debut of its 40.2 concept.

The production version will follow in 2019 and, if Volvo’s latest forecast is any indication, so will plenty of other all-electric models, as the Swedish automaker now says it wants them to generate half of its sales by mid-decade.

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The mid-term plan Volvo is laying out is nothing if not ambitious. It also predicts that half of the Chinese-owned automaker’s sales will come from self-driving vehicles, and that half of its volume will come through its Care by Volvo subscription service, rather than conventional sales and leasing. Oh, and add a goal of boosting volume – and profitability – to match other premium manufacturers.

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Hamburg, Germany Becomes 1st European City to Ban Older Diesels

Critics contend the limited restrictions may just move pollution.

by on Jun.01, 2018

Mercedes diesels were wildly popular in the 1970s and '80s, and they are welcome in Hamburg, Germany.

While a number of European cities have been considering ways to limit diesel pollution, Hamburg, Germany, this week becomes the first city to ban some older diesel-powered vehicles.

The move, in part triggered by revelations that Volkswagen and other manufacturers have cheated on emissions tests, could soon be followed by other cities in Germany and other parts of Europe. Meanwhile, VW and a number of other automakers are taking steps that signal decreasing dependence on diesel power, a technology once favored across Europe because of its energy efficiency.

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Hamburg’s initial move has disappointed some diesel critics, however, as it focuses only on some older, diesel-powered trucks traveling on two main sections of road in the northern German city. Some environmentalists contend the city is only moving pollution from one place to another by forcing those trucks to take alternative routes. (more…)

More Products, More Volume, Bigger Margins: FCA Lays Out Aggressive, 5-Year Growth Plan

Morning presentation outlines plans for Jeep, Ram, Maserati and Alfa Romeo brands.

by on Jun.01, 2018

The Ram TRX will be among the new models FCA will bring out over the coming five years.

(This story has been revised to update plans for Jeep’s pickup and a midsize pickup from Ram that, CEO Marchionne now says will come to the U.S. market.)

In a sweeping presentation designed to give analysts, investors, media and potential buyers a good look at its future, Fiat Chrysler Automobiles executives are spending a day detailing their plans for the company and its various brands.

At the midway mark, as they break for lunch, they’ve already lifted the kimono far enough to show what’s coming for the Jeep, Ram, Maserati and Alfa Romeo brands and, in a nutshell, it can be summed up as more products targeting lots more volume and much bigger margins.

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The new five-year plan will be the last crafted under the guidance of Sergio Marchionne, the 65-year-old executive who helped pull off the pairing of two struggling manufacturers to form Fiat Chrysler Automobiles. His third five-year plan, Marchionne stressed that “The true finish line is the one always yet to come.”

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