VW Has Revealed A $10 Billlion Buyback Programme For Dieselgate TDI Buyers

VW's US dieselgate settlement programme will cost the company $10 billion, with nearly half a million cars eligible
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.

Comments

Sam Holland

Check engine light problems Yo

06/28/2016 - 15:26 |
2 | 15
Jakob

Damn. The whole German police patrol fleet is being recalled.

06/28/2016 - 15:30 |
53 | 0
Anonymous

In reply to by Jakob

Who said that’s a bad thing

06/28/2016 - 15:35 |
4 | 0
🎺🎺thank mr skeltal

In reply to by Jakob

They still have Vauxhall Corsas and bicycles though, I suppose the bicycles are now the go-for vehicle for high speed pursuits

06/28/2016 - 15:54 |
34 | 1
Anonymous

In reply to by Jakob

The Dutch one as well.

06/28/2016 - 16:16 |
0 | 0
Anonymous

In reply to by Jakob

they still have their e-classes

06/28/2016 - 17:41 |
0 | 0
Artur 'The Haferkeks' Kempf

In reply to by Jakob

150hp gang

06/28/2016 - 18:11 |
1 | 1
JenstheGTIfreak (pizza)

Luckily the GTI is a petrol car

06/28/2016 - 15:44 |
10 | 0

but the GTD´s

06/28/2016 - 19:00 |
0 | 0
240sx ftw

Are VW still making Dieselgate or have the engines been ‘fixed’?

06/28/2016 - 16:27 |
2 | 1
V-Tech and EcoBoost kicked in yo

In reply to by 240sx ftw

There’s been attempts at “fixes” but it is all very messy.

06/28/2016 - 18:18 |
2 | 2
JenstheGTIfreak (pizza)

In reply to by 240sx ftw

They should all have been fixed

06/29/2016 - 06:05 |
0 | 0
V-Tech and EcoBoost kicked in yo

Great time to buy a used TDI. You get a great mpg vehicle for a lot less now. Sucks for the current owners.

06/28/2016 - 18:19 |
8 | 2
CroatianCarGuy

That’s why I love my 1.6TD. Smokes and has no problem with it.

06/28/2016 - 20:05 |
0 | 4
90SecondCarReviews

Top that all up*

06/28/2016 - 20:21 |
0 | 2
Anonymous

do they need to give back their tdi’s to VDub??

06/28/2016 - 21:16 |
0 | 0
Anonymous

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!

06/29/2016 - 01:18 |
1 | 3
Anonymous
06/29/2016 - 13:52 |
1 | 0

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