Volkswagen: emissions scandal settlement agreed in the US
As part of the deal, Volkswagen will fund environmental programs to the tune of US$2.7 billion ($3.6 billion) to mitigate the effects of the extra NOx (oxides of nitrogen) that its cars have illegally put into the atmosphere.
Judge Charles R Breyer of the US District Court for the Northern District of California granted final approval to the settlement agreement, which is the biggest automotive scandal settlement ever in the US. Owners can also obtain payouts from $5,100 to $9,852 if they choose the fix. According to court documents, most vehicle owners will get 5,100 to 10,000 dollars in compensation, and VW must buy back or fix 85 percent of the 475,000 vehicles by June 30, 2019, or face penalties of 100 million dollars for every percentage point it falls below 85 percent.
According to New York Times, nearly a million Volkswagen owners who purchased its diesel cars may finally breathe a sigh of release. The vehicle maker marketed and sold 2 and 3 liter diesel engine cars as having lower emissions than they actually had.
Volkswagen Group's $14.7 billion settlement over the infamous dieselgate emission scandal has been approved by a US Federal Judge.
The company will start buying back polluting cars in mid-November. VW will use $10.33 billion for the vehicle buybacks alone, with the rest on programs to offset the excess emissions and development of zero-emissions vehicles. The scandal has rattled VW's global business, harmed its reputation and prompted the ousting of its CEO. It said that operating earnings as a percentage of sales would be at the upper end of its previous outlook range of 5 percent to 6 percent.
The terms of the agreement allow affected 2-liter diesel owners and lessees the choice of accepting a vehicle buyback or lease termination, or having the cars fixed. Customers can either sell their cars back to the German auto company or have them repaired. The order says that 336,612 owners of 2-litre diesels have registered for the settlement and 3,298 have opted out. Owners of eligible vehicles can either submit a paper-based claim form or they can an online portal, www.vwcourtsettlement.com. The carmaker will have to pay additional penalties if 85 percent of cars haven't been taken off the road or modified by June 30, 2019.
Although 2-liter owners in the US will see their bank account balances increase, millions of people outside the USA have complained about not receiving a nickel in compensation.
In the second quarter, he completed touchdown passes of 31 yards to Jeremiah Gaines, 2 to Courtland Sutton and 28 to James Proche. He lost two fumbles in Houston territory in the second quarter - one with the score tied at 14 and one with SMU leading 21-14.
Packed with an array of awe-inspiring features, the latest Surface Pro 5 has always been rumored to arrive this year. Since the Surface Pro 4 is pretty much flawless all in all, there isn't a lot that Microsoft can do to improve it.
That was apparently a reference to reporting that some subcontractors on the projected illegally hired undocumented laborers. Rushton asks her what's motivating her to vote. "For example, she is doing significantly better among young women", he said.
Now let's all retreat to our mind palaces to imagine just how good Cumberbatch's " SNL " debut could be. We can't wait for November 5 - because Benedict Cumberbatch will be hosting SNL for the first time .
The Corporation has average brokerage recommendation (ABR) of 2.13 based on consensus of the brokerage firms issuing ratings. America Movil S.A.B. has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc.
With inflation remaining cool, cost-of-living increases have only eclipsed 1.7 percent once since 2009 - 3.6 percent in 2011. These premiums are $104.90 a month this year for most people and $121.80 for another large group of Medicare beneficiaries.
Donarumma also described how the legendary Buffon has been an influence on his own fledgling career. "[Buffon] is special. And though Donnarumma is living a dream at Milan , he's hoping to have an even bigger role in the future.
Americans who receive social security heard news this week that there will be a meager increase in their monthly checks for 2017. The maximum income subject to Social Security taxes is increasing to $127,200 in 2017, up from $118,500 this year.
Netflix announced that there would be a Season 2 of Stranger Things with a very cryptic and mysterious video on YouTube. In Season 1, there was only one episode that didn't have the word "The" at the beginning of the title.
The entirety of the 11th floor of the building had to be evacuated (though another floor was still operational during this). Caplin said the office remained open throughout the investigation and would open without interruption on Saturday.
Elder Scrolls V: Skyrim Remaster Free With A Big But
Bethesda marketing VP Pete Hines has made it clear once and for all that The Elder Scrolls VI is not in development right now. The new change might include implementation of a new credible leveling system, which is not totally based on statistics.
Donald Trump just screwed up big time on abortion
Trump said his plan for curbing the debt is to take back jobs from other countries, cut taxes and "repeal and replace Obamacare". As previously reported, Clinton was asked by debate moderator Chris Wallace on Wednesday how far her beliefs go about abortion.
Shayne Ward Sex Tape
It's the catfish person who be named and shamed for leaking what is a very private moment in Shayne's life. Shayne was single at the time and it happened when he was on tour with War of the Worlds.