Nine months after the Environmental Protection Agency and California Air Resources Board revealed that Volkswagen had used so-called “defeat devices” in nearly 500,000 diesel-engine vehicles in the U.S. to skirt emissions standards, the carmaker has finally reached a partial settlement package with the agencies, along with the Department of Justice and the Federal Trade Comission, to the tune of $15 billion. [More]
Since Volkswagen admitted last year to using “defeat devices” in certain cars to cheat on emissions tests, some owners and consumer advocates have pushed for the carmaker to buy back affected vehicles from customers. VW had resisted this idea, but without any other resolution in the offing, a mass buyback offer is beginning to look possible.
Despite nearly a quarter of the 482,000 owners of Volkswagen vehicles equipped with “defeat devices” accepting a “goodwill package” of $1,000 in cash and credits for their troubles, lawmakers said on Thursday that the carmaker needs to do more – namely buy back the automobiles that violate federal air pollution emission standards. [More]
Of all the perils we’ve discussed since breaking the news last December of Best Buy’s Buy Back program, we hadn’t thought about what would happen when one combines Buy Back with the electronics retailer’s notoriously sketchy Black Tie Protection program.