VW Has Revealed A $10 Billlion Buyback Programme For Dieselgate TDI Buyers
As VW continues to count the cost of the dieselgate scandal, the company has revealed exactly how it’ll placate affected customers in the United States. It’s to create a $10.033 billion funding pool, covering 460,000 VWs and 15,000 Audis for buybacks, lease terminations and - where possible - emissions modifications. Owners won’t have to worry about any falls in residuals either, as the buybacks will use values that applied in September 2015 - just before the emissions scandal came to light.
On top of the $10.033 billion, VW has also agreed to hand over a $2.7 billion “environmental remediation fund”, plus a further $2.0 billion to invest in the promotion of zero emissions vehicles in the United States.
Tot that all up, and you’re looking at just under $15 billion. I’d give you the figure of how much that is in pounds sterling, but since it’ll probably dramatically change within a couple of minutes of writing this, I won’t bother.
As a reminder, the cars affected - all fitted with the 2.0-litre TDI engine - are the VW Beetle, Golf, Jetta and Passat, plus the Audi A3.
Growing up on a diet of World Rally Championship highlights and lengthy Gran Turismo 2 sessions, a life in cars was as good as inevitable for Matt.
Comments
Check engine light problems Yo
Damn. The whole German police patrol fleet is being recalled.
Who said that’s a bad thing
They still have Vauxhall Corsas and bicycles though, I suppose the bicycles are now the go-for vehicle for high speed pursuits
The Dutch one as well.
they still have their e-classes
150hp gang
Luckily the GTI is a petrol car
but the GTD´s
Are VW still making Dieselgate or have the engines been ‘fixed’?
There’s been attempts at “fixes” but it is all very messy.
They should all have been fixed
Great time to buy a used TDI. You get a great mpg vehicle for a lot less now. Sucks for the current owners.
That’s why I love my 1.6TD. Smokes and has no problem with it.
Top that all up*
do they need to give back their tdi’s to VDub??
VW: ok, they figured out we lied about our cars. Now lets see if there dumb enough to believe well pay them back 10 billion dollars. Of coarse they will believe our nonsense, were reliable!