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VW scandal and impact on German economy


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VW scandal and impact on German economy

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  #431 (permalink)
 GFIs1 
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Daimler settles legal dispute for €1.9 billion

Daimler has settled the legal dispute over diesel emissions in the USA with two settlements. However, according to the Group, this does not constitute an admission of guilt.

Daimler has to pay a total of €1.9 billion to end the legal dispute in the United States over increased diesel emissions. This was announced by the US Department of Justice and the vehicle manufacturer itself. The sum comprises two settlements. This would mean that Daimler would settle both the preliminary proceedings of the US authorities and the numerous lawsuits filed by car owners.

The settlements with the U.S. authorities will therefore cost around 1.5 billion dollars. This includes a civil fine of 875 million dollars.

Daimler underlined that this was not an admission of guilt. Whether the functions used in the vehicles are "defeat devices" - i.e., inadmissible shut-off devices of the exhaust gas purification systems - was not determined in the course of the settlement: "The settlement agreements explicitly state that the company denies the allegations of the authorities as well as the claims of the class action plaintiffs and does not admit any liability to the U.S., California, the plaintiffs or in any other way.

The group had always rejected targeted manipulations of exhaust technology with cheating software (as used for years at Volkswagen).

Now Daimler has to improve the cars via software updates, similar to what is done in Europe. In addition, there are other environmental measures for which the company has to pay. In addition to the sums stipulated in the settlements, Daimler expects to incur costs in the mid three-digit million range in order to implement the agreement.

Translated from today's news in Germany
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  #432 (permalink)
 GFIs1 
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Diesel Scandal in EU swaps onto other large companies

The European Court (EuGH / ECJ) decided against VW. What are the consequences for VW and other?

"The ECJ had been called upon by a Paris court investigating the Volkswagen diesel scandal in France. Before a possible indictment, the investigators wanted to clarify whether the practice of defeat devices in the registration tests is legal. With the ECJ decision, the way is now clear for criminal charges in France. However, according to the Süddeutsche Zeitung, these are not just about VW, but also against the manufacturers Renault, the PSA group with brands such as Peugeot and Citroën, and of course Fiat. All four have been in the sights of investigators for years. Countless tests had proven the use of defeat devices.
Class actions against VW, Renault, PSA and Fiat: "The decision of the European Court of Justice opens up access to compensation for all car customers in Europe who have been defrauded", comments lawyer Charles Constantin-Vallet in the Süddeutsche Zeitung of 17 December 2020. The lawyer primarily represents the consumer association CLCV in France. In autumn, it filed a civil class action against Volkswagen in France to obtain reimbursement of the full purchase price of about 950,000 diesel vehicles. Following the ECJ ruling, Constantin-Vallet and CLCV are also planning a class action against Renault, PSA and Fiat, which incidentally deny any fraud.

Pending legal cases in Germany:

Dieselgate 2.0 is picking up speed: In Germany, the diesel emissions scandal is seamlessly merging into Dieselgate 2.0. The European Court of Justice has made it clear that defeat devices are generally illegal, including those that regulate the exhaust gas purification depending on the temperature - in other words, that they switch off. Such thermo windows are found in most diesel engines.
Software update for EA 189 is not permitted: A thermal window has been used as an update. This is hardly disputed by VW. The argument of engine protection is also put forward. A corresponding case is pending at the European Court of Justice.

VW engine EA288: Here, too, it is undisputed that a thermal window is used. Volkswagen has already admitted this in court. According to the ECJ, the type approval of the vehicles is not legal.

Daimler AG: The Swabian car manufacturer also uses the so-called thermal window in its diesel engines. And has already admitted this. Daimler is currently losing a series of cases in German courts and has already been sentenced twice in higher regional courts."

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  #433 (permalink)
 GFIs1 
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Management to pay back a large sum to the VW company

A verdict to managers that are responsible for the Diesel scandal. They have to pay back the sum of €288 Million to the company they worked for. Winterkorn, the former CEO pays €11 M.
Of course this in no comparison to the far over €30 billion costs the scandal summed up until now. And not yet finished.
The same day of the release of the verdict came the good news that Winterkorn is getting a trial in September because he did not tell the truth in front of the congress (2015). That trial is not a money but a legal one which might be a threat with prison for Winterkorn who is in pension right now. Of course he is on the search list from different states - means he never can travel abroad again...

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  #434 (permalink)
 GFIs1 
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Daimler & the moose test

Most important news concerning Daimler:

It is about CHEATING:

As well involved in the Diesel scandal in the world - the cheating has not ended here.
Latest News tell us that Daimler's best horse in the run - the deluxe S-Class Mercedes
(latest model) failed in the Moose test (Elch-Test)!


Really?????

Yes!
Why?

Because on pressure of USA they had to take out the stability package that worked BEST!

How comes?
Daimler took a patent for stability in their top class cars - but never paid a cent for the fee
for the patent that they never held themselves.
USA was aware about this - and fired the Daimler company as a always cheating firm.

The source?
well - embarrassing: I am the partner of the patent holder.

So - upcoming legal processes (since 1997 not paid patent licence) will make a strong
pressure on the "never failing company with latest inventions".
Keeping that in mind - a deluxe car maker has been brought to the legal light.

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  #435 (permalink)
 GFIs1 
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Moose test 2021

New Mercedes S-class failed: A documentation can be seen from km77 which means the setup for the test in a slalom with a velocity of 77km/h (48mph) to pass the test.
The flagship model of Mercedes shows a fail @ 74km/h already.

The damage for the car maker is tremendous - as the world laughed 1997 already of the Mercedes A-class fatal failure. Since then this test is a standard in the industry.

https://www.autoevolution.com/news/2021-mercedes-benz-s-class-is-a-cone-magnet-in-the-dreaded-moose-test-162752.html

and the video:


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