VW is Said to Propose $10 Billion Diesel Fix Plan in America

Bloomberg reported this weekend that according to an unnamed source, Volkswagen AG will submit a $10 billion plan as part of its American TDI settlement. The plan will go before a judge who will decide on whether or not the plan is acceptable on June 28.

The plan sets aside $6.5 billion for car owners and $3.5 billion for the US government and California regulators. It is also said to include a buy-back option or the termination of a lease without penalty.

It also includes an option to repair the affected diesel cars, but Bloomberg reports that neither the EPA, nor the California Air Resources Board has approved VW’s proposed fixes. In Europe, meanwhile, more than a million cars have already been recalled to have the diesel fix applied.

Bloomberg goes on to report that there is no timetable for when the fix might be applied, nor is there a guarantee that there will even be an approved fix.

“There’s just no precedent for what happens if there’s not a fix,” John German, a project manager with the International Council on Clean Transportation, told Bloomberg. “We just don’t know. It’s all speculation.”

Even if the plan, with all its unknowns, is approved, more fines could come to Volkswagen from states and lawsuits. Despite that, VW’s CEO is plowing forward with plans to become a world leader in electric mobility.

The post VW is Said to Propose $10 Billion Diesel Fix Plan in America appeared first on VWVortex.

from VWVortex http://ift.tt/28LKYYH
via IFTTT

Comments

Project SportWagen: Going Stage 2 with APR

When we last left you, the humble little SportWagen was fresh from the development process with our friends at AWE Tuning, sporting a new downpipe, exhaust and intake, allowing things to breathe a bit easier. The car sounded great, but there was no getting around the fact that our wagon was still quite, well, slow. While we realize that nothing we do to the Golf SportWagen at this point will make it a race car, we still felt compelled to do something . To put it bluntly, we had a fever, and the only cure was more power. Flash forward a few hours, and we found ourselves at Waterfest, staring down APR’s palatial spread and the numerous tuned vehicles surrounding it. Earlier in the year, APR had hinted to us that their 1.8 TSI files would be quite impressive, and based on what they were able to do with the 2.0 TSI found in the new GTI and our time in their Golf R, we knew it’d be worth the wait. So with this in mind, we lined our G...

Watch: The Zerouno Cruis’n USA

ItalDesign is drumming up excitement for its new supercar based around the same 5.2-liter Audi V10 that powers the R8. Naturally, it hit the road for a cruise around California last week to celebrate Monterey Car Week. There isn’t much in the way of V10 noise—which is a real shame given the sound it makes—but you do at least get a good look at the car inside and out in this video. With a body made entirely of carbon fiber and designed to be as aerodynamic and light as possible, ItalDesign figures that it will be good for a 0-60 time of just 3.2 seconds. “We put it our best skills into the production of the first car,” said Massimo Bovi, head of pre-series production, when the Zerouno was first unveiled in Geneva earlier this year. “Using some of the finest productions methods and engaging our high-skilled workers.” The car features clever aero tricks gleaned from single-seat racing, like a y-duct up front to improve downforce and turn-in. Available in a number of trim levels, the...

Volkswagen Golf GTE Wins Top Honor at the 2015 Business Techies Awards

Golf GTE wins Green category in the 2015 BusinessCar Fleet Technology awards Judges praised the Golf GTE for its performance, ease of use and economy Golf GTE launched earlier this year with plug-in hybrid technology – priced from £33,755 204 PS performance combined with CO 2 emissions of just 39 g/km Volkswagen has added to its growing list of 2015 automotive industry accolades by winning the Green category in the annual BusinessCar Fleet Technology Awards – the Techies. The prestigious title was awarded to Volkswagen for the Golf GTE, an innovative plug-in hybrid that combines sporty dynamics with exceptional fuel economy and low CO 2 emissions. Now in their seventh year, the Techies are judged by both BusinessCar’s experienced editorial panel with help from TRL’s technology expert. The industry’s only technology-specific awards, the BusinessCar Techies reward the use of technology to make business car fleet operations easier, cheaper, cleaner, safer and more straig...

Vorderman Volkswagen

Search This Blog