Back in June, Volkswagen reached a nearly $15 billion tentative agreement with the federal government to begin the long process of putting “dieselgate” in the rearview. Now, the carmaker is seeking to finalize that agreement, with one, rather large, modification: it still doesn’t have a process to fix the 500,000 vehicles that contain so-called “defeat devices” that skirt U.S. emissions standards. [More]
diesel vehicles
Volkswagen May Compensate Dealers Over Diesel Emissions Scandal
By 7.18.16
Last month, Volkswagen agreed to compensate owners of more than 500,000 vehicles equipped with “defeat devices” used to skirt emission standards. Now, the carmaker is reportedly promising to also make it up to dealers affected by the scandal through an unspecified restitution plan. [More]
VW’s Emissions-Cheating Scandal Could Cost Carmaker More Than $18B
By 4.28.16
It doesn’t pay to cheat. That’s the moral of Volkswagen’s ongoing emissions-cheating scandal after the carmaker announced Thursday that its tab for fixing vehicles, compensating owners, and paying fines to federal regulators in the U.S. could exceed the $18 billion previously earmarked to address the scandal. [More]
