Volkswagen To Offer $5,000, Buy Back Cars To Settle Dieselgate
The emission scandal that convinced the world’s largest advocate of “clean diesel” to abandon ship and embrace plug-in technology appears to be reaching a settlement in the United States.
As reported by Germany’s Die Welt newspaper today, besides having to fix or buyback affected cars, a deal tentatively reached with the US authorities would also see VW pay each customer with an applicable diesel receive $5,000 in compensation.
For those with a 2.0-liter diesel (such equipped on some Jetta, Golf and Audi A3), the company will present an offer to also buy those vehicles back.
The deadline to get the deal approved expires on April 21st. This apparent settlement means Volkswagen will avoid a costly and high profile trial – of which it was unlikely to fair well in.
The final settlement will likely also include an environmental remediation fund, addressing excess pollution emitted by the VW diesels since the cheating began in 2009.
VW has yet to comment on the matter, but one assumes we will get confirmation either way within about ~24 hours or so.
Auto News, Hat tip to Jamie H, ffbj!