Detroit Bureau on Twitter

Posts Tagged ‘volkswagen news’

VW’s Diesel Bill Rises to $25 Billion the US

If fixes aren't approved, payout could rise to $28 billion.

by on Feb.14, 2017

Volkswagen agreed to pay another $1.22 billion today, bringing its total to $25 billion to settle its diesel scandal in the U.S.

Volkswagen AG’s diesel bill is now up to $25 billion.

That’s at least what Volkswagen will pay to resolve its diesel cheating scandal after U.S. District Judge Charles Breyer gave preliminary approval to a plan allowing the German automaker to pay at least $1.22 billion to fix or buy back 80,000 3.0-liter diesels in the U.S.

Stay in the Loop!

Breyer also agreed to a preliminary hearing for Robert Bosch GmbH’s settlement case, which would pay U.S. owners $327.5 million for the polluting diesels. (more…)

Volkswagen Spices Up New Atlas SUV with R-Line Option

“Performance-inspired” package is more show than go.

by on Jan.05, 2017

Volkswagen's new Atlas SUV is already getting a nice little upgrade: an R-Line model.

For millions of Americans, SUVs and crossover-utility vehicles have become the hip alternatives to the classic minivan. But maybe not hip enough, when seven-seaters like the new Volkswagen Atlas are largely used to shuttle kids to school and soccer practice.

So, automakers have been looking for ways to spice things up a bit, and VW is joining that fray by adding a new R-Line package for the big Atlas that will soon start to roll out of the maker’s U.S. plant in Chattanooga, Tennessee.

Product News!

However, what the maker refers to as “performance-inspired” upgrades are really more show than go, the VW Atlas R-Line sharing the same two engine options and eight-speed gearbox, as well as suspension and other settings found on the base version of the new utility vehicle. (more…)

VW Pushing Tech Edge With Updated ’18 Golf

Euro-spec mid-cycle refresh to include gesture control.

by on Nov.11, 2016

The Eurospec version of the 2018 VW Golf will be in showrooms in a matter of weeks.

It will take little more than a wave of the hand to see some big things have been added to the 2018 Volkswagen Golf – starting with a new gesture control system that will control the compact mainstay’s infotainment system.

The model Volkswagen is showing off is the first big update of the Euro-spec Golf since it was introduced for the 2012 model-year. We’ll likely see the American version rolled out at the New York Auto Show next April, but many of the key features, like gesture control and, possibly the new 1.5-liter turbo-four engine, should make it to the Stateside model.

Product News!

VW is also phasing in a more advanced, 7-speed DSG gearbox, as well as a variety of new safety, infotainment and convenience features, including Active Traffic Jam Assist and a larger touchscreen.

(more…)

Heavy Lifter: Much Riding on New Volkswagen Atlas

New ute will be the largest VW model sold in the U.S.

by on Oct.28, 2016

The VW Atlas makes its debut.

In Greek mythology, Atlas carried the world on his back. The new Volkswagen Atlas won’t have quite as big a load to shoulder, but it will still be the troubled brand’s heavy lifter.

The long-awaited sport-utility vehicle made its debut during a preview on the Santa Monica Pier Thursday night, and it will soon start rolling out of the expanded Volkswagen assembly plant in Chattanooga, Tennessee. Atlas will join VW’s two other SUVs and, if all goes according to plan, help the automaker gain some much-needed momentum in a fast-growing market that has largely passed it by.

Subscribe Now!

“This is the beginning of a new future for Volkswagen in America,” declared Hinrich Woebcken, the long-time BMW executive who was named CEO of Volkswagen Group of America early this year. The launch of the Atlas, he continued, means that “We are here to stay in North America.”

(more…)

UAW Triumphs Over VW with NLRB Ruling

Board says maker must negotiate with union.

by on Sep.01, 2016

The National Labor Relations Board ruled that VW must negotiated with maintenance workers represented by the UAW.

The National Labor Relations Board has ruled that Volkswagen of America must bargain with a group of maintenance workers represented by the UAW at the company’s assembly plant in Chattanooga, Tennessee.

The maintenance workers voted last December to join the UAW. It was the first time workers at a plant operated by a European or Asian automaker in the Southeastern U.S. voted to join the UAW. The union lost a plant-wide vote in Chattanooga in February 2014.

News Now!

VOA, however, maintained the vote by the maintenance workers should be set aside because the bargaining unit would not represent all of the workers at Chattanooga plant and declined to bargain with the UAW on wages and benefits for the employees in the new unit. (more…)

Judge to Decide on $15 Bil VW Settlement

Deal likely to get okay, but other challenges remain in diesel scandal.

by on Jul.26, 2016

Judge Charles Breyer will address the proposed 2.0-liter settlement during today's hearing.

The $15 billion deal covering Volkswagen’s diesel emissions cheating faces a critical test in federal court today before U.S. District Judge Charles Breyer.

The jurist is widely expected to approve the settlement between the German maker and various federal and state agencies. It includes $10 billion to buy back or repair about 475,000 VW vehicles equipped with diesel engines that were rigged to illegally pass emissions tests. The rest of the settlement will go to various programs meant to compensate for the excess pollution those vehicles produced.

News Now!

The deal only covers a 2.0-liter diesel engine, however. VW is still trying to negotiate a settlement for charges it rigged a 3.0-liter turbodiesel, as well. Meanwhile, the automaker faces a variety of other legal issues that could add billions to the final cost of the scandal – including lawsuits filed this month by three individual states.

(more…)

VW Delivers Profitable Surprise

Earnings “significantly higher” despite diesel scandal.

by on Jul.20, 2016

Regaining momentum: VW delivers a strong, first-half profit despite the costs of its diesel scandal.

Volkswagen AG beat its earnings forecast for the first half of 2016, delivering “significantly higher” profits even while setting aside another 2.2 billion euros, or $2.4 billion, to cover the growing cost of its diesel emissions scandal.

The news comes a day after New York and two other states filed suit against the embattled German maker, claiming senior executives had helped cover up the diesel emissions subterfuge. Last month, VW agreed to a $14.7 billion settlement covering its 2.0-liter diesel, a deal that includes $10 billion to buy back nearly 500,000 vehicles.  Most of the funds VW has so far committed to settle what it calls the “diesel issue” came out of 2015 earnings, however.

By the Numbers!

For the first half of 2016, VW said it had an operating profit of 7.5 billion euros, or $8.25 billion. That would drop to 5.3 billion euros after factoring in the latest charges for the emissions scandal, money largely related to legal costs in North America.

(more…)

Automakers Continue to Install Defective Takata Airbags on New Vehicles

And 2.1 mil defective inflators have been installed as replacements in older vehicles.

by on Jun.01, 2016

A Takata airbag after a crash.

(This story has been revised to include comments by FCA and Toyota.)

Even as federal safety regulators expand the ongoing recall of defective Takata airbags, four major automakers continue to install some of the potentially deadly devices on their newest vehicles, according to a new Senate report.

A number of manufacturers also are using defective Takata inflators as replacements for older airbags in about 2.1 million recalled vehicles. Federal regulators have approved that move as a temporary measure due to a shortage of replacements parts using newer, safer designs.

In the Know!

The four manufacturers that acknowledge they are continuing to use defective Takata bags in new products are Fiat Chrysler, Mitsubishi, Toyota and Volkswagen, according to the report released today by U.S. Senator Bill Nelson, the ranking Democrat on the Senate Commerce Committee.

(more…)

VW Back in the Black but Diesel Scandal Takes a Stiff Toll

Profits down 20% year-over-year.

by on May.31, 2016

VW gets back into the black for Q1, but the maker see lower sales and smaller margins for all of 2016.

Volkswagen AG clawed its way back into the black during the first quarter of this year following the spectacular plunge it took last year as it dealt with a global diesel emissions scandal.

Even so, the maker’s $2.6 billion profit for the January-March quarter was down 20.1% from year earlier numbers. Excluding one-time items, VW’s operating profit was down 5.9%, to $3.5 billion. Sales and other revenues, meanwhile, slipped 3.4%, to $56.8 billion.

By the Books!

“In light of the wide range of challenges we are currently facing, we are satisfied overall with the start we have made to what will undoubtedly be a demanding fiscal year 2016,” VW CEO Matthias Mueller said in a statement.

(more…)

VW Offering $1 Bil to US Diesel Owners

Reported plan would give $5,000 to each owner of rigged diesel cars.

by on Apr.20, 2016

VW could announce the compensation plan as early as this week.

Volkswagen will offer U.S. owners of vehicles with rigged diesel engines $5,000 apiece, according to a plan the embattled German automaker is reportedly preparing.

The deal, which is expected to cost VW just over $1 billion, could be disclosed as early as tomorrow when the carmaker is expected to appear before a federal judge in San Francisco. But VW is not believed to yet have a plant to fix those diesels, as it was supposed to put together by April 21st, according to reports in both the German newspaper Die Welt and on the Associated Press wire service.

Breaking News!

VW is facing more than 500 lawsuits filed on behalf of diesel owners in the wake of revelations it had equipped its vehicles with a so-called “defeat device,” software designed to detect when those cars were undergoing emissions tests and then modify engine operations to reduce levels of smog-causing oxides of nitrogen. Almost 550,000 of those vehicles were sold in the U.S., with 11 million sold worldwide.

(more…)