Audi Pays €800 Million to Settle Diesel Probe

October 16, 2018 at 10:40 AM

Volkswagen AG’s Audi unit has agreed to pay an €800 million ($927 million) fine to settle charges that it sold diesels rigged to circumvent pollution laws.

Opel Facilities Raided in Diesel Probe

October 15, 2018 at 11:43 AM

German prosecutors descended on Opel facilities in Kaiserslautern and Russelsheim today as part of a continuing investigation into diesel emission cheating.

Germany Probes Falsified Data for Audi Cars Shipped to S. Korea

October 09, 2018 at 1:55 AM

Prosecutors in Germany are investigating at least three Audi AG employees on charges of falsifying certification documents for vehicles exported to South Korea.

Musk Mocks SEC Days After Settlement

October 05, 2018 at 3:43 AM

Tesla Inc. CEO Elon Musk criticized the U.S. Securities and Exchange Commission last night, only five days after reaching an agreement with the agency to avoid a lawsuit to remove him from the company.

SEC Says Musk Misled Tesla Investors with Delisting Claim

September 27, 2018 at 5:41 PM

The U.S. Securities and Exchange Commission has filed a federal lawsuit accusing Tesla Inc. CEO Musk of making false and misleading statements about taking the company private.

Honda Agrees to License Paice Hybrid Technology

September 26, 2018 at 9:37 AM

Baltimore, Md.-based Paice LLC says it has reached an agreement with Honda Motor Co., under which the carmaker will license Paice’s hybrid powertrain technology.

Firm Fined $6.3 Million for Software that Defeats Emission Controls

September 25, 2018 at 12:28 AM

A Florida software company has been ordered to pay $6.3 million in fines and repairs after selling 363,000 aftermarket software kits designed to disable emission control systems.

Thai Court Orders Ford to Pay $1 Million for Gearbox Woes

September 24, 2018 at 1:59 PM

Ford Motor Co.’s sales and service unit in Thailand has been ordered to compensate 291 car owners a combined $23 million baht ($989 million) for a troublesome transmission.

Regional Gov’t Challenges Frankfurt’s Diesel Ban

September 20, 2018 at 10:12 AM

The German state government of Hesse plans to appeal a court ruling that empowered Frankfurt to impose a partial ban on older cars, Reuters reports.

Federal Judge Dismisses GM Ignition Switch Criminal Case

September 19, 2018 at 6:12 PM

A U.S. District Court judge in New York City has discharged a 3-year-old criminal lawsuit against General Motor Co. over defective ignition switches blamed for 124 deaths.

Report: Tesla Faces Criminal Fraud Investigation

September 18, 2018 at 1:28 PM

The U.S. Dept. of Justice has opened a probe into possible criminal fraud by Tesla Inc. regarding last month’s statement by CEO Elon Musk that he had secured funding to take the company private, sources tell Bloomberg News.

German Court Suspends VW Investor Lawsuit Hearings

September 18, 2018 at 2:48 AM

A German court has suspended further hearings for two months on nearly 1,700 Volkswagen AG investor lawsuits over diesel emission cheating, Reuters reports.