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

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

More 3.0-Liter TDI Settlement Details Expected by January 31

Volkswagen and the TDI Plaintiff’s Steering Committee were in court today for another status conference following the agreement in principal reached earlier this week. Little new information was given at the conference held before Judge Charles Breyer today, but the court ordered the parties to develop a formal settlement agreement, class action notices, and a class notice plan by January 31, 2017. For now, though, owners still don’t know how much to expect in compensation. Elizabeth Cabraser, lead Counsel for the Plaintiff’s Steering Committee reaffirmed in a statement today that the compensation would be “substantial.” The potential cost to Volkswagen is widely reported to exceed $1 billion, though, with an additional $225 million going into an environmental trust to help offset excess emissions. Buy back offers are still only expected for the oldest 20,000 of the roughly 80,000 VW Group vehicles sold in America with the 3.0-liter TDI engine. Those vehicles are mostly SUVs, like ...
Post a Comment
Read more