Volkswagen will begin buying back cars next month now that a federal judge has officially approved its $14.7 billion settlement with three federal agencies, the company said today.
Nearly half a million Volkswagen and Audi TDI owners and lessees—including those who owned or leased before September 18, 2015 and sold or turned in their cars before June 28, 2016—may receive between $12,500 and $44,000, depending on model, age, trim, and region. TDI lessees will receive a cash value between $2600 and $4900. Complete details for the payments on every affected model can be found here. A total of $10 billion has been allocated to TDI drivers, including any who choose to keep their cars and wait for an emissions modification. By and large, however, most drivers have opted to give up their cars for greater payouts. Eligible TDI drivers can visit VW’s court website to sign up.
The remaining portion of the settlement goes to the Federal Trade Commission and various electric car and diesel cleanup programs administered by the Environmental Protection Agency. It does not include any Volkswagen, Audi, or Porsche diesel models with the 3.0-liter V-6 engine. That settlement is still pending. It also does not include a separate $1.2 billion settlement Volkswagen has made with its franchised U.S. dealers.
from Car and Driver BlogCar and Driver Blog http://ift.tt/2erDzm2
via IFTTT
0 comments:
Post a Comment