Thursday, April 21, 2016

VW is ready to buy back 500 000 cars – Expressen

Today is expected Volkswagen make an official statement to federal authorities in San Francisco that they had agreed to buy back up to half a million cars with the two-liter diesel falling lskandalen, said sources familiar with the Automotive News.

Among other things, offer valid models Jetta, Golf and Audi A3 sold since in 2009.

VW will offer to buy back cars to the estimated value before the scandal was uncovered in 2015, plus an additional compensation .

However, the offering does not apply to the 80 000 cars with three-liter diesel that also have high emissions, including SUVs from Porsche and Audi.

compensation fund of over a billion dollars

part of the agreement with the US authorities is to establish a compensation fund for the owners of scandal cars.

the fund’s value is expected to be over a billion dollars – a sum beyond the cost to buy back cars. So far there is no information on how much each customer can receive in compensation.

So far there is no official statement from either VW, the EPA and US Department of Justice.

Volkswagen can also offer to fix the affected cars – if authorities approve the measures.

in parallel with the compensation issue is an ongoing criminal investigation against VW in the US and several other countries.

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