Feinberg: Volkswagen Will Offer 'Generous Solution' to U.S. Customers

Kenneth Feinberg, the man behind Volkswagen’s claims fund, stated American VW TDI customers should expect an offer that will make them very happy in an interview published this weekend.

When asked by Frankfurter Allgemeine Sonntagszeitung (via Reuters) what he will offer the more than 500,000 Americans who own dirty diesels, he replied, “I can promise that there will be a generous solution.”

What that solution will be is anyone’s guess, including Feinberg’s.

“The jury is still out, and at the moment all options are up for debate: cash payments, buybacks, repairs, replacements with new cars,” he said.

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Volkswagen Hires High-profile Disaster Lawyer Feinberg To Handle Claims

Kenneth Feinberg, the lawyer who handled claims against General Motors for its faulty ignition switches that killed 124 people, will handle claims against Volkswagen stemming from its cheating diesel engines, the automaker announced Thursday.

“His extensive experience in handling such complex matters will help to guide us as we move forward to make things right with our customers,” Michael Horn, president of Volkswagen Group of America, said in a statement.

In addition to Feinberg’s experience with GM, his office also handled claims against BP for its Deepwater Horizon oil spill.

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Ninety Total Death Claims Approved By GM Compensation Fund

Three new death claims linked to the General Motors ignition recall have been approved by the compensation fund managed by attorney Kenneth Feinberg.

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Feinberg: No Offers From GM Comp Fund Have Been Rejected So Far

The deadline for filing a claim with General Motors victim compensation fund now passed, Kenneth Feinberg says no offer has been rejected thus far.

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General Motors Compensation Fund Sees 50th Eligible Fatality Claim

With the deadline to submit claims coming this Saturday, the General Motors compensation fund has confirmed its 50th fatality.

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GM Compensation Fund Adds 104 Claims For Review

Another 104 claims have been added to the pile for examination by Kenneth Feinberg and his staff, who are overseeing the victim compensation fund established by General Motors as a result of the February 2014 ignition switch recall.

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100 Fatality, Injury Claims Approved For GM Compensation Fund Payments

It’s been a while since the TTAC Zaibatsu checked in on the victim compensation fund created by General Motors and overseen by the office of attorney Kenneth Feinberg. How have things gone since the last time?

One hundred fatality and injury claims have been approved.

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GM Victim Compensation Program Deadline Extended

The victims and families affected by the February 2014 General Motors ignition switch recall can breathe a little easier, as the deadline to file a claim with the victim compensation program administered by attorney Kenneth Feinberg has been extended.

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Ditlow To Feinberg: Seek More Claimants, Speed Up Processing

Per a suggestion by Center for Auto Safety’s executive directory, Clarence Ditlow, attorney Kenneth Feinberg may seek claimants for the compensation plan set up by General Motors in the wake of the February 2014 ignition switch recall by pouring trhough regulators’ files.

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Sixty-One GM Victim Compensation Claims Approved For Payout

As of last Friday, 30 fatality and 31 injury claims have been approved for payout from the General Motors victim compensation fund created in the wake of the February 2014 ignition recall, and helmed by the staff of appointed attorney Kenneth Feinberg.

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Fifteen Claimants Receive First Offers From GM Compensation Fund

The compensation fund established by General Motors and managed by attorney Kenneth Feinberg to pay accident and fatality claims linked to a defective ignition switch in a handful of 2003-2007 models has made its first cash offers to 15 claimants.

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Feinberg: 21 Fatality Claims Eligible For Compensation

According to the latest report from the General Motors compensation program published Monday, 21 fatalities linked to the defective ignition switch that launched a thousand recalls will receive payments.

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Feinberg: 19 Deaths Thus Far Linked To Faulty GM Ignition

Over a month since the first claims were filed by those affected by a defective General Motors ignition switch originally linked to 31 accidents and 13 deaths, compensation administrator and attorney Kenneth Feinberg has found a total of 19 deaths and 31 eligible claims thus far.

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GM Compensation Fund Receives Nearly 100 Claim Submissions Thus Far

Last Friday was the first day claims linked to accidents and fatalities related to the ignition switch that kicked-off the 2014 General Motors recall parade could be submitted to the compensation fund set up by GM and Kenneth Feinberg. Thus far, 93 such claims have been submitted.

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Barra Defends GM Top Lawyer In Second US Senate Hearing

Under fire from the U.S. Senate Commerce Committee for not having fired General Motors’ top counsel Michael Millikin, CEO Mary Barra defended her decision to keep him on the company payroll during Thursday’s hearing over the February 2014 ignition recall crisis.

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  • Lou_BC Too much money.
  • Lou_BC "The Cannonball Run" "The Gumball Rally""Corvette Summer""Duel""Gone in 60 Seconds"
  • Wjtinfwb I really don't care about charging stations, EVs, their drivers or the issues that seem to plague them and the ownership experience. My use case requires much better range and fueling options than what EVs offer, at least current state. If an EV works for you, great. It doesn't work for me and that's OK as well. hat I object to however, is the Government involvement in a personal use decision and trying to force a technology into widespread adoption when it and its support network is clearly not ready. I also object to Federal dollars, gleaned from the taxpayers being used to subsidize this nascent technology and most importantly, I object to the gaslighting by the Administration that tries to convince consumers that range isn't an issue. Recharging isn't an issue. Cold weather isn't an issue. Fires aren't an issue. The ownership experience disappointment is validated by the poor resale value of EV's and the McKinsey report that states that 50% of EV owners plan to switch back to a gas powered vehicle. I don't have the disposable income to make a 40k mistake and take a beating on getting rid of it. But again, if it works for you, that's what matters. Cheers.
  • MKizzy The top executives of many of the Fortune 500 companies support GOP candidates with their votes and donations while happily filling their corporate coffers with Progressive dollars. Unlike Musk however, they're smart enough to at least try to keep it to themselves. Perhaps Musk's political openness combined with his seemingly declining interest in Tesla is a sign he'll abandon Tesla by the end of the decade.
  • Jpolicke I don't know of any gas stations with a single pump.