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Daily Newsletter

04 December 2023

Daily Newsletter

04 December 2023

Volkswagen reaches coolant pump settlement in Canada

The automaker denies wrongdoing and liability

Dani Cole December 04 2023

A settlement in Canada has been reached with Volkswagen Group to resolve allegations of issues with primary engine coolant pumps in certain 2008-2021 Volkswagen and Audi vehicles, Merchant Law Group LLP has announced.

In a statement, the Canadian law firm said:

“Volkswagen completely denies any and all wrongdoing or liability, however its motivation in reaching the settlement is to ensure customer satisfaction and confidence in its vehicles.

"The class actions were certified on October 16, 2023.  The parties have agreed to settle the class actions in Canada on a without prejudice or admission basis, by way of mutual concessions.”

The settlement must be approved by the Court to become effective.

APAC leads the Connected Vehicle Technologies market in 2023

Consumer demand for features like connected services, in-car infotainment, and ADAS has accelerated the development of connected vehicle technologies. APAC nations have made significant investments in enhancing their digital infrastructure, including the rollout of 5G networks, to provide dependable and quick communication between vehicles and the surrounding infrastructure.

Smart parking market expected to grow at a CAGR of 13.2% by 2030

Urbanization and population growth are the major drivers of the smart parking market as they have a significant impact on parking demand, traffic congestion, and the need for efficient urban infrastructure. Smart parking systems assist in optimizing the use of current parking facilities by providing real-time information on available spaces and decreasing the time and effort spent looking for parking.

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