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Volkswagen investors sue for another $9 billion in damages
It's been exactly one year since news of Volkswagen's emissions testing scandal broke wide, and the lawsuits keep on coming. Already on the hook for $14.7 billion in one of the largest class-action settlements in US history, another 1,400 of VW's investors are now suing the company for grand total of $9.1 billion (8.2 billion euros) in damages.
Thanks to VW, BMW's 2017 diesels will be delayed
BMW confirmed Monday that US sales for its model-year 2017 diesel vehicles will be delayed because US regulators are taking longer than expected to certify the models. Bimmer, which sells diesel-powered 3-Series, 5-Series, X3, and X5 vehicles in the US, didn't give a timetable of when such domestic sales would start. Autoguide had previously reported of the potential delay for sales of US diesels, which account for about six percent of BMW's total sales in the US.
Regulators reject plan to fix 85,000 diesel Volkswagens
Although Volkswagen has those ambitious plans to launch 30 new electric vehicles in the next 10 years, the German automaker is still on the hook for that $14.7 billion class-action settlement related to the diesel emissions scandal. While VW has already agreed to buy back nearly half a million 2.0L diesel engine vehicles, the California Air Resources Board rejected the company's plan to fix another 85,000 3.0L diesel VWs, Audis and Porsches that are still on the road.
