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The SEC announced the close of an investigation into FCA and its parent company, Fiat Chrysler Automobiles N.V., which were accused of misleading investors about the number of new vehicles sold to U.S. customers each month.
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Volkswagen Group of America will lower the fuel economy ratings of 98,000 vehicles, give up greenhouse gas emissions credits, and reimburse customers under a court settlement with the federal government, the company announced.
Read More →Fiat Chrysler Automobiles NV will pay $110 million to settle a lawsuit that it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations.
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Fiat Chrysler Automobiles and a German auto supplier have agreed to settle claims and lawsuits arising from the 3.0-liter V-6 diesel engines installed in 104,000 Jeep Grand Cherokee EcoBoost and Ram 1500 EcoBoost models sold in the U.S. in the 2014 to 2016 model years.
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Derive Systems has agreed to a $300,000 civil penalty and estimates that it will spend about $6.25 million to address a federal complaint that it sold engine control devices designed to override the emissions control systems of vehicles in violation of the Clean Air Act.
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Ford Motor Co. has agreed to pay $299.1 million to settle consumer economic-loss claims linked to faulty air bags manufactured by Takata Corp. The settlement covers diverse forms of economic damages linked to Takata air-bag inflators.
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Uber has halted all testing for self-driving vehicles after what is considered the first fatality by an autonomous car.
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Uber and Waymo have agreed to terms on a settlement in a lawsuit over alleged stolen autonomous vehicle technology that will give Waymo a stake in Uber and absolve the company of wrongdoing.
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Volkswagen has agreed to pay $1.2 billion to buyers of vehicles powered by its 3.0L V-6 diesel engine that violated emissions regulations in a settlement that must receive a blessing from the U.S. Federal Trade Commission and a federal judge.
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Hyundai Motor has agreed to pay $41.2 million to settle consumer protection claims brought by 33 states following the automaker's 2012 restatement of fuel economy ratings on one quarter of their 2011 and 2012 model-year vehicles.
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