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  1. Volkswagen News Blog
    The 60-day auto delinquency rate continued to climb through the third quarter of 2017. Driven primarily by “relaxed” underwriting standards from years past and increasing subprime originations, TransUnion’s senior vice president and automotive business head, Brian Landau, said two-month payment...
  2. Volkswagen News Blog
    Florida-area car dealerships are annoyed that insurance companies pulled the plug on policies earlier this week, fearing further hurricane-related payouts as Hurricane Irma approaches the coast. Insurers, including Progressive and Allstate, are reacting to losses incurred in Texas...
  3. Volkswagen News Blog
    It looks like the RS 3 is a hit because one dealership has added a “market value adjustment” worth $10,000 to its 2017 RS3. user RoAnonim[/URL] posted the of the claimed Audi dealership document two days ago[/URL] . In the comments, another user claimed to have seen a dealer charging an...
  4. Volkswagen News Blog
    District Judge Charles Breyer has given final approval to a $1.2 billion settlement agreed to by both Volkswagen and its dealers. The sum will be paid to 650 dealers over the course of 18 months, which averages out to about $1.85 million per dealer. Judge Breyer said that the settlement is...
  5. Volkswagen News Blog
    Volkswagen AG is making nice with its once-ornery U.S. dealer network to the tune of $1.85 million per dealer. The automaker announced details of its $1.21 billion dealer settlement late yesterday, Reuters  reports, with cash payouts to its 652 dealers spread out over the next 18 months. A...
  6. Volkswagen News Blog
    We reported yesterday that a tentative deal had been reached between Volkswagen and its US dealer network to compensate them for costs incurred in the wake of the TDI scandal. Now sources are saying that the deal will run VW upwards of a billion dollars, reports Bloomberg . The deal struck...
  7. Volkswagen News Blog
    Another important milestone has been reached in the emissions scandal, as Volkswagen Group of America has announced that it has reached an agreement in principle to resolve claims with VW dealers in the US. The deal amounts to a cash settlement (and additional benefits) to dealers to pay them...
  8. Volkswagen News Blog
    From the moment that the diesel scandal broke, relations between Volkswagen Group of America and their dealer network have been fraught. With a plan to compensate dealers who have been damaged by the emissions scandal in the cars, that relationship could be on the mend, reports the Wall Street...
  9. Volkswagen News Blog
    Volkswagen's brand chief, Herbert Diess, was in Las Vegas this weekend discussing the brand's future in America. Diess dispelled the rumor that VW would be pulling out of the American market, reaffirming the brand's plans to launch two crossovers next year. Automotive News Europe reports that...
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