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After agreeing to fork over up to $14.7 billion to U.S. owners (and the environment) in its U.S. diesel emissions scandal settlement, Volkswagen is saying Nein! to a similar buyback in Europe, because that kind of payout would just be insane.
According to Left Lane News, the embattled automaker isn’t planning any compensation to its clients on the Continent, meaning its 2.0-liter TDI models will go on well into the future, albeit in a slightly detuned form. Read More >
A former Volkswagen employee who claimed he was fired when the company discovered his plan to report it for obstruction of justice has dropped his lawsuit.
Daniel Donovan, an information manager working for Volkswagen’s data center in Auburn Hills, Michigan, withdrew the suit on June 9, according to the New York Times. Donovan had claimed he tried to prevent the destruction of documents related to the diesel emissions scandal. Read More >
Good news, owners of Volkswagen, Audi and Porsche models powered by a 3.0-liter TDI engine — your heavily polluting diesel probably won’t have to be bought back and scrapped.
A lawyer for the automaker said in court today that Volkswagen believes the 85,000 vehicles can be cleaned up with a not-too-complicated fix, Reuters reports. Read More >
It’s like the Rapture, but for polluting German vehicles.
Starting this fall, owners of the 466,000 defeat device-equipped Volkswagen and Audi 2.0-liter TDI models still left on the road will head to their dealer, hand over their keys, sign a mountain of paperwork, and walk away with a fat check issued by the bean counters in Wolfburg.
So, what happens to your once-trustworthy diesel-powered steed after the buyback? Read More >
The extended-cab Ford F-150 was somewhat louder than a conventional model, but it was the emissions certificate in the rear window that proved the pickup packed something unusual under the hood.
A partially disguised F-150 recently photographed testing in Michigan wore a code showing the presence of a 3.0-liter turbodiesel engine, and sported a tell-tale diesel exhaust tip. It looks like Ford is serious about besting its pickup competition in every way. Read More >
Volkswagen is making sure everyone is getting the right message today, and that includes its American dealers.
Thanks to a tipster, TTAC has obtained a video sent by Volkswagen of America executive to its dealers.
Read More >
Imagine for a second that the cash Volkswagen must now spend to get itself out of trouble in the U.S. was a pile. It would be a great day for tobogganing.
The initial settlement for the diesel emissions scandal — vehicle buyback, compensation, make-the-air-nice-again programs — rings in at $14.7 billion, but the automaker has roughly $18 billion set aside to handle all of the American fallout.
When it comes to cash, the bigger the number, the harder it is to imagine what that figure really looks like. What could it buy? How many bananas is that? Well, there are countries that make less money in a year than Volkswagen, maker of the Jetta, just paid out to one country. (Keep in mind, there’s more countries waiting in the wings for their cash.) Read More >
With the settlement now filed with the courts between Volkswagen, regulators, and other plaintiffs in the ongoing diesel emissions scandal, the United States District Court Northern District of California has published the exact figures for buy backs and settlement figures.
Click the jump to find out how much money you’ll receive for your affected Volkswagen and Audi 2.0-liter equipped TDI.
Read More >
Christmas is coming early for owners of polluting Volkswagen TDI models now that the automaker has agreed to pay up to $14.7 billion to settle claims in the diesel emissions scandal.
Volkswagen’s settlement with the federal government, owners and regulators will see it buy back some 475,000 2.0-liter diesel vehicles in the U.S. at pre-scandal values and offer their owners up to a cool $10,000 in extra compensation, according to figures reported by the New York Times. Read More >
Owners of the 482,000 2.0-liter TDI models caught up in the diesel emissions scandal will get cash compensation tied to the age of their vehicle, anonymous sources said today.
Volkswagen won’t release details on its buyback/fix/remediation plan until Tuesday of next week, but sources briefed on the matter blabbed to the media despite a court-imposed gag order. The Associated Press puts the cost of settling the U.S. fallout at $10.2 billion, with some of that money going towards government penalties.
It’s already known that Volkswagen plans to buy back (or fix, at the owner’s request) 2.0-liter diesel models sold from 2009 on. What’s murky is whether the figures quoted by the sources relate to the vehicle buyback or the separate compensation expected to be handed to owners. Read More >