'Mystified' judge asks why SEC sued VW two years after emissions scandal

'Today's filing confirms that the SEC is now piling on,' says Volkswagen

The U.S. Securities and Exchange Commission (SEC) on Monday defended the pace of its investigation into Volkswagen after a judge asked why the agency waited two years after a global scandal related to vehicle emissions to sue the automaker.

The SEC filed a civil suit in March accusing Volkswagen and its former chief executive, Martin Winterkorn, of defrauding investors in U.S. bond offerings.

Volkswagen was caught using illegal software to cheat U.S. pollution tests in 2015, triggering a global backlash against diesel vehicles that has so far cost it 30 billion euros ($33.65 billion) in fines, penalties and buyback costs. In May, it set aside an additional 5.5 billion euros in contingent liabilities. read more »

Nissan Rogue sensors gone rogue: Drivers say sensors cause sudden stops

Drivers have sounded the alarm about new auto technology designed to prevent crashes on the road that they say is actually creating a danger, causing their cars to stop unexpectedly.

The Center for Auto Safety says it's received similar sensor complaints about the Rogue and other brands of vehicles but it wants NHTSA to issue an official recall for the Rogues in question. read more »

Jeep Recalls 2014 Cherokees For Transmission Problem

The Issue:

The NHTSA says that because of a software problem, the transmission can unexpectedly shift into Neutral, resulting in a loss of power and raising the risk of an accident. read more »