Fines

Takata to pay $1 billion fine, admit wrongdoing in proposed settlement
Takata to pay $1 billion fine, admit wrongdoing in proposed settlement

This is turning out to be a big week for automotive scandals. On Wednesday, the 16-month-long Dieselgate saga came to an end--or at least the end of its current chapter--when Volkswagen agreed to shell out $4.3 billion in fines to the U.S. More shocking, Volkswagen agreed to formally admit...Read More»

money
Volkswagen pleads guilty to felonies, to pay $4.3 billion, in Dieselgate pact (updated)

Volkswagen has now reached final agreement on a deal with the U.S. government that brings the long, complicated Dieselgate investigation closer to the finish line. One major focus of that deal has been the fines that Volkswagen would pay for deceiving consumers and regulators about roughly 555,000...Read More»

Takata logo (photo by Flickr user jo.schz)
Takata could agree to fines of $1 billion in the U.S.

Takata has been on a losing streak for the past couple of years, but new reports suggest that the beleaguered Japanese parts supplier could soon slide much, much deeper into the red. Insiders say that within the next few weeks, the company may agree to pony up $1 billion to settle a criminal...Read More»

Volkswagen plant
Volkswagen Dieselgate update: Porsche owners are angry, VW dealers score $1.2 billion compensation

After a few quiet weeks, the Volkswagen Dieselgate fiasco has come roaring back to life. Is it the beginning of the end of the scandal? Eh, not likely: 1. VW plans $1.2 billion compensation package for U.S. dealers: VW dealers have not been a happy bunch for the past 11 months. They've had to...Read More»

Volkswagen TDI 'clean diesel' television ad screencap
Volkswagen Dieselgate update: $10.2 billion settlement reached, diesel owners lose $1500 resale value

It's a gloomy day across much of Europe, with markets in turmoil after UK residents voted to "Brexit" the EU. Volkswagen isn't doing much to improve matters: thanks to its ongoing Dieselgate scandal, the company is poised to make a massive payout to the U.S. (and its diesel owners), one employee is...Read More»

Sergio Marchionne
NHTSA Slams Fiat Chrysler For Handling Of Recalls: What Does That Mean For You?

Last week, representatives from the Fiat Chrysler Automobiles (FCA) were summoned to Washington, D.C., to explain the way that they'd handled recalls over the past couple of years. According to Automotive News — and to official hearing testimonies — things didn't go so well for FCA...Read More»

Police officer with radar gun
Going 64 MPH In A 50 MPH Zone? That'll be $58,000, Please

If you've ever gotten a speeding ticket, you know how expensive they can be. Going just a few miles over the limit can easily lighten your wallet by a few hundred bucks. READ: Audi Q5 Vs. Lincoln MKC: Compare Cars But fines like that pale in comparison to the one that Reima Kuisla was asked to pay...Read More»

Money, money, money
Honda Fined $70 Million For Underreporting Auto Problems: Slap On The Wrist Or Serious Fine?

Back in November, we told you that Honda had failed to report more than 1,700 death and injury claims to U.S. regulators, and as a result, the Japanese automaker was facing fines of $35 million -- the maximum that the National Highway Traffic Safety Administration could impose. NHTSA has now ruled...Read More»

Gavel. Image: Brian Turner
Judge Cuts Hyundai's Fine To $73 Million In Montana Wrongful Death Suit

In May of this year, a jury in Montana ruled against Hyundai, siding with the families of two teenage boys who died in a 2005 Hyundai Tiburon. The jury set a massive, $240 million penalty, which Hyundai subsequently appealed. According to Auto News, the judge in the case has now cut that fine by...Read More»

Gavel. Image: Brian Turner
Hyundai Hit With $240 Million Fine In Wrongful Death Suit, Plans To Appeal

With all the attention-grabbing lawsuits being aimed at General Motors right now, it's easy to forget that every automaker spends a significant amount of time in court, dealing with cases that range from the earnest to the inane. One case that falls into the former camp just wrapped up in Montana...Read More»

General Motors Renaissance Center, Detroit, Michigan
General Motors Fined $28,000 For Failure To Cooperate, Fee Could Go Much Higher

Blood has been drawn in the battle between safety regulators and General Motors: according to the New York Times, the automaker has been fined $28,000 for its failure to cooperate in the National Highway Traffic Safety Administration's "Switchgate" investigation. The fine stems from GM's slow...Read More»

Lamborghini Murcielago LP640
Middle Eastern Supercar Hoodlums Torment Posh Parts of London

Let's face it, this is hardly home invasion or drive-by shootings. But some of London's most expensive residential neighborhoods are feeling beset by a particularly specialized new threat: public misbehavior by supercar-driving rich folks, at least some of them from wealthy Arab nations. Yesterday...Read More»

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