Skip to main content

Judge Grants Preliminary Approval on VW TDI Settlement

Another important step in the Volkswagen emissions scandal has been reached with the preliminary approval of the 2.0L TDI Settlement Program.

Effectively, this means that US District Court Judge Charles Breyer has looked over the settlement that Volkswagen and government regulators agreed to last month and thinks that it is fair, reasonable, and adequate.

There are a few more steps to go before this saga ends, but the next big one happens in the fall when the agreement goes back to court for final approval. At that time, the agreement will be looked over with a fine tooth comb and the final judgment on its validity will laid down.

Following the final approval, Volkswagen says it will begin with the settlement program immediately.

The settlement that Volkswagen agreed to will amount to about $15 billion and involves a $5,000-$10,000 for the owners of the TDIs that were involved in the scandal, as well as an option to have their car fixed or bought back at pre-scandal prices.

As it stands, there is no approved fix for the 2.0L TDI engine, so VW would have to buy back all of the roughly half a million TDI vehicles included in the settlement. A VW executive, though, told dealers earlier this month that the automaker is testing a solution that it believes will fix the TDI vehicles. If approved, it could save VW billions of dollars.

Visit http://ift.tt/29kr4Ew to read more about the agreement and to find out if your car is included in it.

The post Judge Grants Preliminary Approval on VW TDI Settlement appeared first on VWVortex.



from VWVortex http://ift.tt/2acDkcb
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Review: Saying Goodbye to the CC V6

For all its size and its global reach, Volkswagen is still, in many ways, a deeply human company. There was, for instance, the Bugatti Veyron an ego project if ever there was one. Then the purchase of Ducati, a move most called folly. And then there was the Phaeton, the Volkswagen that most folks can’t afford. Not only were these moves all strange, I’m sure that they made VW’s accountants furious. None of them made good business sense, but they were all deeply interesting and they all are evidence of the heart that beats at the center of VW. Among these follies is the CC, a car that everyone agrees is rakishly handsome, but that no one really wanted to buy. The car couldn’t last, but the world is brighter for its having been in it. With the approach debut of the Arteon, it seems like a good time to look back on its sadly departing predecessor. The version I drove, because I live in Canada, is a V6 Wolfsburg Edition, which apparently isn’t available in the States. Nor is the V6, not as
Post a Comment
Read more

Waterfest Moves to Atco Dragway

Waterfest 24 will be held at Atco Dragway, in Atco, New Jersey. The summer event will take place at its new venue on July 21 and 22. Long held in Englishtown, New Jersey, the festival has been such a large part of the VW scene that the latest iteration of the Golf even comes with optional “Englishtown” wheels . The new venue, however, is an NHRA drag track a scant 52 miles southwest of Englishtown. The ¼ mile drag track opened in 1960, which makes it the oldest drag strip in New Jersey. The announcement came today on a social media post that announced the new location. Waterfest is North America’s largest VW/Audi show. As many 20,000 people show up for the annual show, making the second largest show in the world—with Worthersee being number one. 2018 will be Waterfest’s 24 th year in existence. The post Waterfest Moves to Atco Dragway appeared first on VWVortex . from VWVortex http://ift.tt/2GQjkuc via IFTTT
Post a Comment
Read more

Mitsubishi admits it lied about MPG ratings for all vehicles in Japan

Filed under: Government/Legal , Green , Mitsubishi , Fuel Efficiency , Japan Mitsubishi says its shady fuel-economy test practices may have been used on all vehicles it sells and has sold in Japan. Continue reading Mitsubishi admits it lied about MPG ratings for all vehicles in Japan Mitsubishi admits it lied about MPG ratings for all vehicles in Japan originally appeared on Autoblog on Wed, 11 May 2016 12:36:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen http://ift.tt/21X3bHv
Post a Comment
Read more