VW Emerges from U.S. Oversight in Diesel Scandal
A three-year U.S. audit concludes that Volkswagen has mended its ways after years of cheating on diesel emissions.
In his final report, U.S.-appointed auditor Larry Thompson, a former U.S. deputy attorney general, says VW has completed an extensive overhaul of its compliance procedures to avoid another scandal.
The audit stems from VW’s admission in 2015 that it had rigged 11 million of it diesels to evade emission standards worldwide. Roughly 555,000 of those vehicles were sold in the U.S.
VW agreed to the audit as part of a $4.3 billion consent decree in 2017 to settle criminal charges brought by the U.S. Dept. of Justice. The charges asserted that VW lied to U.S. and California regulators about the cheating and misrepresented the performance of the manipulated diesels to customers.
The deal followed a $14.7 billion civil settlement a year earlier to compensate owners of the rigged diesels.
VW has agreed to date to pay out some $23 billion in fines, remediation and ownercompensation, mainly in the U.S. But it’s not in the clear yet. A bevy of similar lawsuits are piling up in Europe that could multiply the company’s settlement costs.
Dan Nicholson is vice president of General Motors Global Propulsion Systems, the organization that had been “GM Powertrain” for 24 years.
When Suzuki developed the GSX1300R, it set out to build the fastest mass-production motorcycle on the market. As competitors gained ground and stringent emission regulations were set, Suzuki set out to reinvent the bike.
Once the playground of exotic car makers, the definition of a niche vehicle has expanded to include image vehicles for mainstream OEMs, and specialist models produced on high-volume platforms.