Tag: fund

By on February 7, 2016

Kenneth Feinberg, Generous Solution Quote

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.

(Read More…)

Recent Comments

  • dusterdude: Those fuel economy rating are disappointing, and everyone knows that “real world “ fuel consumption is...
  • 2ACL: Seems like a nice car, but I’d be frustrated with the listing photos if I were in the market;...
  • SaulTigh: My dad, being elderly and internet challenged, meant to order two packages of TP during the great Covid...
  • SaulTigh: To me, the main thing it shows is just how thin the veneer of civilized society is. If all deliveries...
  • slavuta: Lou, I am truly thankful to you for sharing your experiences. But I don’t promise to practice. What...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber