CLIFF LEPPKE'S CYBER SEAT
VW Dirty Diesel Settlement Agreement Likely
Oct. 18, 2016: At a U.S. District Court hearing in San Francisco, Judge Charles Breyer said he’s “strongly inclined” to approve VW’s $10 billion settlement on behalf of VW’s 2.0-liter TDI owners. He also issued preliminary approval for VW’s $1.2 billion settlement with its U.S. dealers.
If approved, the settlement allows VW to buy back as many as 475,000 vehicles with illegal emissions software. But Breyer says he needs additional time to consider objections to the plan. While 336,612 VW owners registered to receive benefits under the settlement, 3,200 eligible owners opted out with about 460 objections to the deal filed in court.
Affected TDI owners will have until September 2018 to accept a buyback offer or receive a repair of the emissions system. Owners will also receive $5,000 to $10,000 in compensation. So far, regulators have not approved a fix for VW’s errant vehicles.
Breyer must weigh whether owners should be reimbursed for the purchase price of their vehicles rather than the “clean” trade value.
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About the Volkswagen Club of America
The VWCA (Volkswagen Club of America) is a not-for-profit hobby club for owners and enthusiasts of Volkswagen and Audi automobiles. Founded in 1955, the Club has followed the evolution of Volkswagen from the early air-cooled Beetle to the latest models to roll off the assembly line. We are not owned by, affiliated with or sponsored by Volkswagen AG or Volkswagen of America, the Importer. The Club is operated and managed solely by volunteer members who contribute their time and energy in pursuit of our motto, "to help Volkswagen and Audi owners enjoy their cars to the fullest." Read about the club's history.
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Latest VW Autoist
61st Annual Convention
What's an anniversary without a cake? This one didn't go far or last long as Club members enjoyed a variety of activities, including a Sunday car show and picnic, part of the 61st Annual Convention.