With the settlement now filed with the courts between Volkswagen, regulators, and other plaintiffs in the ongoing diesel emissions scandal, the United States District Court Northern District of California has published the exact figures for buy backs and settlement figures.
Click the jump to find out how much money you’ll receive for your affected Volkswagen and Audi 2.0-liter equipped TDI.
A Florida Lemon Law board ruled this week that Volkswagen would have to pay an 86-year-old man $15,000 for his illegally polluting diesel, WPTV reported.
The man’s Volkswagen — which VW lawyers unsuccessfully argued wasn’t a lemon because it still ran and drove — could prompt others to file similar lemon law claims against the automaker, but may fall short of sparking a grassroots buy-back campaign in other states.
“A Florida Court order isn’t binding on any other state but can be ‘persuasive authority,’” Colorado Lemon Law attorney Rick Wynkoop said. Florida’s Lemon Law process is pretty unique because it requires an arbiter’s ruling first, but can be appealed in court.
“An arbiter’s order has next-to-zero weight. I’m not joking when I tell you that arbiters are not required to follow the law,” Wynkoop added. (Read More…)
German newspaper Sueddeutsche Zeitung reported Thursday that Volkswagen was preparing to buy back about one-fifth of its cheating diesel cars in the U.S., according to Reuters.
That would mean about 115,000 cars — likely older models that would need significant work to bring emissions into compliance — could be taken off the road in an historic buyback. According to the report, the cars would be bought back by the automaker for their purchase price or by significantly discounting a new model for those owners.
As Volkswagen works to make amends with customers and the public, TDI owners ready to give up their illegally polluting cars are hearing conflicting messages from some Volkswagen dealers who are either unwilling to or begrudgingly taking in those cars on trade.
A TDI owner said when he took his car into Flow Motors Volkswagen in North Carolina last month the dealership told him it wouldn’t initially accept his vehicle for trade. The dealer originally had asked if the owner had found a willing dealership to take his car.
“ … Let me know as I have a couple of other diesel owners I will send if things worked out for you,” the dealer wrote in an email after they turned down the man’s diesel car.
“To say I’m irritated is an understatement,” the TDI owner wrote.
(Read More…)
Suzuki, while at Frankfurt showing off its new Baleno hatchback and next-generation Vitara, is dealing with a financial problem of sorts.
In order to buy itself back from Volkswagen, the Japanese automaker will have to shell out 471.74 billion yen — or $3.9 billion USD. Suzuki plans to purchase as many of those shares back as possible during off-hours trading, before the bell rings Thursday morning.
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