VW will either fix or buy back about 78,000 Volkswagens, Audis, and Porsches with V6 diesel engines.
Uber promises never to describe its service as the "safest ride on the road" or call its background check process "the gold standard" again. That's one of the terms it agreed to when it hashed out a settlement agreement with the San Francisco and Los Angeles District Attorney's offices.
Where General Motors and Takata have grabbed many auto safety-related headlines this year with their problems with ignition switches and airbag inflators, a few years ago, a similar sort of scrutiny fell on Toyota for unintended acceleration. After multiple settlements with various parties totaling billions of dollars, the issues seem largely behind the Japanese automaker now. Owners are actually starting to receive their money, but it isn't exactly breaking the bank. Payouts are expected to be
Depending on how you want to look at things, the US Attorney's Office $1.2-billion dollar settlement with Toyota in March over its unintended acceleration recall was either a big blow to the company or completely inconsequential. From January to March, net income fell five percent to 297 billion yen ($2.89 billion), compared to 313.9 billion yen ($3.05 billion) a year ago. However, the automaker still posted record full-year profits worldwide.
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