2007 Audi A4 2.0t Quattro on 2040-cars

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Investors storm Volkswagen with $9 billion in lawsuits

Volkswagen's investors are latest group to take up pitchforks against the embattled automaker, and they're seeking $9 billion in damages, Reuters reports. The investor lawsuits were filed in a court in Braunschweig, Germany, near Volkswagen's Wolfsburg headquarters. On Monday, the first business day following the anniversary of the emissions revelations, the court received 750 lawsuits alone. All told, about 1,400 lawsuits have been filed. The largest single claim totals $3.7 billion and was filed more than six months ago. The lawsuits stem from complaints that Volkswagen didn't divulge information on the cheating software to investors quickly enough. Volkswagen has said that it hasn't broken any capital market laws. The $21.5 billion the company set aside to weather the storm may not be enough. The consumer fix is estimated to run the company $14.7 billion, either through buybacks or a fix that still seems unclear. In addition to the lawsuits, Volkswagen CEO Matthias Mueller confirmed that Audi boss Rupert Stadler is under investigation regarding the scandal. Mueller refused to give further details, but this shouldn't come as a surprise to anyone. Audi has admitted that its 3.0-liter V6 was equipped with the same emissions-cheating software as the 2.0-liter four-cylinder diesels. Stefan Knirsch, Audi's head of development, has been suspended as part of the overall investigation. Knirsch took over duties after his predecessor quit. Knisch was previously head of engine development at Audi. Related Video: News Source: Reuters Green Hirings/Firings/Layoffs Audi Volkswagen Emissions Diesel Vehicles vw diesel scandal

Audi prepping A5 Sportback for US market

Audi is prepping one of its European-market models for the US market. No, it's not the RS3. Or the RS6. Or even an RS model at all. Sorry. Instead, just be happy we might be finally seeing the handsome A5 Sportback on American roads. Automotive News is citing Audi of America boss Scott Keogh, who hinted that a third A5 body style would be offered in the very near future. And since there are only three A5 body styles – coupe, convertible, and Sportback – and Americans can already buy the first two, the five-door variant is almost certainly what he was referring to. "I feel confident that there will be another variant of the A5 that will be a real home run," Keogh told AN during the US launch for the new A4. Keogh then went on to make the same argument we made above, that Audi only has one more A5 body to sell over here. Audi sells the Sportback with a number of powertrains in Europe, including gas, diesel, and S performance varieties, but we'd expect the US-spec model to mimic the new A4. That means the only choice facing owners would be whether they went for front- or Quattro all-wheel drive. According to Automotive News, we can expect some kind of announcement on the A5 Sportback ahead of the second quarter of 2017, when it's expected to go on sale. We're impatient, though, so we reached out to Audi for confirmation. As soon as they respond, we'll update this post. Related Video:

Audi Debuted Its TT RS At The Beijing Motor Show | Autoblog Minute

Audi revealed its 400 HP 2017 TT RS at the Beijing Motor Show this week. We got looks at both the coupe and convertible. The TT RS will have a 5-cylinder engine, Audi Quattro, and can reach 62 MPH in as little as 3.7 seconds. Beijing Motor Show Audi Autoblog Minute Videos Original Video