Over 200,000 Register For VW Class-Action Suit Buyback Plan That Calls for 3 Actions – Torque News

More than 200,000 VW owners have opted for the Dieselgate buyback program, surprising some legal authorities with the speed with which it happened, about a month or a little more.

Although it is the more expensive option, Volkswagen may be happy that more than 200,000 consumers affected by the Dieselgate scandal are opting for the cash buyback and not a fix. The reason is that the automaker may avoid further penalties as each vehicle the carmaker buys back is one more off the road. VW must get 85 percent of the emissions-cheating cars off the road to prevent more penalties.

The settlement VW worked out with consumers and regulators to settle the class-action suit calls for:

  • A cash buyback of affected vehicles
  • Or, $5,100
  • Or, a free fix, if one should be approved and become available

Read more…

Related articles

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: