Skip to main content

VW Dealer Compensation Plan Coming in the Next 30 Days

From the moment that the diesel scandal broke, relations between Volkswagen Group of America and their dealer network have been fraught. With a plan to compensate dealers who have been damaged by the emissions scandal in the cars, that relationship could be on the mend, reports the Wall Street Journal.

Talks to address dealer grievances “are ongoing and progressing very well,” says Alan Brown, Chairman of the Volkswagen National Dealer Advisory Council.

Brown’s comments come after a three hour meeting that was held on Friday in Newark, NJ. Although the meeting had been convened to discuss the buyback program, it was quickly interrupted by dealers concerned about compensation.

Steve Kalafer, a New Jersey dealer, tells the Wall Street Journal that Mark McNabb, a senior executive from VGoA, “said the company was working toward a fair settlement and restitution for the dealers. He used the word restitution for the dealers for the first time.”

Another dealer who attended the meeting told the WSJ that McNabb said he was hoping for a 30 day timeline for further details.

Despite the good news, dealers are still skeptical. “Volkswagen’s compensation for consumers is very generous,” says Kalafer, “but it was done with a gun to their head.” We want to know what restitution Volkswagen is going to give to dealers, because we have not put a gun to their head.”

Dealers were particularly upset about the emissions scandal, because of heavy investments that they made to prepare for a US-centric products offensive that Volkswagen was planning. With the scandal, though, the plans were derailed.

US dealers were further frustrated when Volkswagen of North America CEO Michael Horn left the company. Horn had been a champion for the dealers and there were serious questions about how the dealers would fare after his departure.

The news coming out of this New Jersey meeting is good, though, with dealers reportedly feeling good, with Alan Brown saying “Personally, I feel more bullish about VW and our future than ever before.”

[source]

The post VW Dealer Compensation Plan Coming in the Next 30 Days appeared first on VWVortex.



from VWVortex http://ift.tt/2a5yxvu
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

European Passat GTE launches as Saloon and Variant

Volkswagen continues e-motoring offensive with plug-in hybrid Passat GTE delivers 218 PS and travels up to 50 kilometres on all-electric power First Volkswagen plug-in hybrid in the high-volume segment of large family cars The Volkswagen continues to electrify! Following the Golf GTE*, comes the next high-volume model with a plug-in drive system: this time the German carmaker is electrifying the new Passat GTE. Its launch marks the debut of a new generation of business and family cars – zero-emission vehicle and long-distance touring car all in one. A Volkswagen that combines the present and the future. A car that boasts not only one of the most progressive drive systems of our time, but also an array of innovative assistance and infotainment systems that is ground-breaking in the segment of large family cars. With superb system output of 160 kW / 218 PS, frugal NEDC consumption of just 1.6 l/100 km and 12.2 kWh/100 km (Variant: 12.4 kWh) and an all-electric range of up to 50 k...
Post a Comment
Read more