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.
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.
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.
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.
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.
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.
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.
Latest Car ReviewsRead more
Latest Product ReviewsRead more
- Dusterdude When there is a strike the union leadership talk about “brothers and sisters “ . They should give up that charade . Bottom line is they are trying to wring out every last penny they can and could care less ( putting it politely) about the future of the industry 5 - 10 years+ down the road
- Ronin They all will back off, because the consumer demand is not there. Even now the market is being artificially propped up by gov subsidies.
- Keith Some of us appreciate sharing these finds. Thank you. I always have liked these. It would a fun work car or just to bomb around in. Easy to keep running. Just get an ignition kill switch and you would have no worries leaving it somewhere. Those OEM size wheels and tires are comical. A Juke has bigger wheels!
- Ollicat I have a Spyder. The belt will last for many years or 60,000-80,000 miles. Not really a worry.
- Redapple2 Cadillac and racing. Boy those 2 go together dont they? What a joke. Up there with opening a coffee shop in NYC. EvilGM be clowning. Again.