Volkswagen is reportedly in negotiations to establish two funds to provide payments to regulars following the diesel emissions scandal. The funds would go toward promoting clean transportation.
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The U.S. Department of Justice (DOJ) sent Volkswagen a subpoena under the Financial Institutions Reform, Recovery and Enforcement Act of 1989.
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The U.S. Environmental Protection Agency (EPA) has asked Volkswagen to produce electric vehicles in the U.S. to make up for the diesel emissions scandal.
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Volkswagen is planning to offer generous compensation packages to about 600,000 U.S. owners of its clean diesel vehicles that are over the legal limit for tailpipe emissions, a company representative told a German newspaper.
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The California Air Resources Board has rejected Volkswagen's fix-it plan for diesel-powered vehicles that used software to cheat emissions regulations, calling the proposed plan insufficient.
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The U.S. Department of Justice has filed suit against Volkswagen on behalf of the U.S. Environmental Protection Agency over 600,000 vehicles that included software designed to cheat emissions testing for engines that couldn't meet federal Clean Air Act standards.
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Environmental regulators have given Volkswagen until Jan. 14 to gain approve for a diesel emissions repair plan relating to the automaker's 2.0L engine that used cheat software to evade emissions tests.
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Volkswagen engineers installed cheat software in their U.S. diesel vehicles because they "quite simply could not find a way to meet the tougher" standards limiting nitrogen oxide pollutants, the company's chairman told reporters this week.
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The California Air Resources Board has ordered a recall of diesel-powered Volkswagen, Audi, and Porsche vehicles equipped with a 3.0L engine that contain improper emission control devices.
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Volkswagen has submitted a plan to California regulators to recall the 482,000 vehicles sold with 2.0L engines and emissions defeat devices that has not been made public.
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