Tag Archives: Automobile industry in California

California Rejects VW Emissions Recall Plan For 3.0L Engines

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Settlement Reach For VW 2.0L Engines

Volkswagen and the Federal Government have come to an agreement of compensation regarding certain diesel cars that were programmed to pass government emissions test despite emitting over 40 times the legal limit of pollutants. Volkswagen will pay up to $15 billion in consumer compensation with approximately $10 billion going to owners who can have their vehicles repaired or bought back. The models included are the 2009-2015 Jetta and Audi A3, the 2010-2015 Golf, and the 2012-2015 Beetle and Passat, equipped with two-liter engines.

Watch the video below for everything you need to know about the VW Settlement.

California Rejects VW Emissions Recall Plan For 3.0L Engines

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Fuel Economy Labels For Used Cars

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The Government has taken steps to improve the fuel efficiency of vehicles sold in America by establishing some of the toughest fuel economy standards for passenger vehicles in U.S. history. These standards are expected to save consumers $1.7 trillion at the pump and reduce carbon pollution by six billion metric tons. As part of the program, the Environmental Protection Agency (EPA) and the Department of Transportation (DOT) developed a window sticker for new vehicles which allows consumers to compare conventional cars, hybrids and all electric vehicles by giving information on greenhouse gas ratings, emissions, smog ratings, and fuel costs. The new label came into effect for all 2013 model vehicles. Continue reading →

Leasing Encourages Moderately Priced Auto Sales

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Automobile leasing has traditionally been used by high end automakers as a way of making their vehicles more accessible for consumers. High used car prices, low interest rates and Americans’ tendency to buy vehicles based on monthly payments, now has automakers using the strategy to sell more moderately priced vehicles as well. This selling tactic has resulted in strong sales with leases accounting for approximately 26 percent of new vehicles purchased, the highest it has been since 2007. Continue reading →

Auto Lender Practices Questioned

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Last month, U.S. automobile lenders received subpoenas from the Consumer Financial Protection Bureau (CFPB) over the sale of extended warranties, add-ons and other financial products. Regulators are probing whether the terms and prices of these products are adequately disclosed to consumers and are questioning if some lenders may be using them as a way of boosting profits. Continue reading →

California Laws on Early Auto Lease Termination

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Consumers in California have lease holder laws that offer protection beyond the federal laws. Whatever your reason for wanting to get out of a lease, if you do not have a “cooling off” clause in your contract, it is recommended to proceed with caution. The laws allow consumers in California to terminate a California automobile lease at any time, but Continue reading →