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On 21 April 2016, the federal district court for the Northern District of California, which was appointed in December 2015 to oversee almost all of the US litigation, including claims filed by vehicle owners and state governments, announced that Volkswagen would offer its US customers "substantial compensation" and buy back nearly 500,000 2.0 ...
March 29 (Reuters) - Volkswagen has taken parking lots to a whole new level in the United States - and will not be emptying them soon. Volkswagen AG has paid more than $7.4 billion to buy back ...
The 2009 Volkswagen Jetta Diesel Sedan was awarded Green Car of the Year.The award was rescinded in early October 2015. On 18 September 2015, the United States Environmental Protection Agency (EPA) said beginning in 2008 the car maker fraudulently installed engine control unit (ECU) software determined to be a "defeat device", in violation of the Clean Air Act, to circumvent environmental ...
But Deutsche Bank called the scandal an "investor's nightmare" and cut its recommendation on Volkswagen shares to "hold" from "buy," predicting rising costs for making diesel cars would wipe out ...
The scandal quickly grew, leading eventually to billions of dollars of penalties and agreements to buy back vehicles, among other consequences. [ 2 ] [ 3 ] [ 4 ] As part of a consent decree reached with United States officials in 2016, Volkswagen agreed to numerous actions, with US$2 billion in total, to promote electric vehicle use over 10 ...
In the years following the scandal, Volkswagen was that much more keen to refurbish its image as a cheat with a clean, futuristic technology like EVs. Already back in 2017, ...
This began with the Volkswagen emissions scandal. Independent tests carried out by the German car club ADAC proved that, under normal driving conditions, diesel vehicles including the Volvo S60 , Renault's Espace Energy and the Jeep Renegade , exceeded legal European emission limits for nitrogen oxide ( NO x ) by more than 10 times. [ 1 ]
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