Skip to main content

Volkswagen Agrees to Pay Dealers for Diesel Damages

Another important milestone has been reached in the emissions scandal, as Volkswagen Group of America has announced that it has reached an agreement in principle to resolve claims with VW dealers in the US.

The deal amounts to a cash settlement (and additional benefits) to dealers to pay them back for claims of losses suffered after the emissions scandal broke.

“We believe this agreement in principle with Volkswagen dealers is a very important step in our commitment to making things right for all our stakeholders in the United States,” says Hinrich J. Woebcken, CEO of the North American Region, Volkswagen in a statement. “This agreement, when finalized, will strengthen the foundation for our future together and further emphasize our commitment both to our partners and the U.S. market.”

Volkswagen’s relationship with its dealers was extremely fraught in the wake of the TDI scandal. Relations got even worse after Michael Horn, widely seen a champion for dealers, and VW severed ties.

When relations were at their worst, dealers feared that Volkswagen would leave the US altogether, leaving them holding the bag after spending lots of money updating their dealerships after promises of increased sales.

Since then, though, Volkswagen has reaffirmed its commitment to the market time after time and now, with this agreement, it looks like relations might be improving.

“Our clients recognized the best solution would be one that not only allows them to recoup lost franchise value and continue to employ thousands of American workers, but one that also charts a strong course for the recovery of the Volkswagen brand in the United States,” says Steve Berman, Managing Partner of the dealers’ council Hagens Berman. “Now that there is a path forward for dealers, they can continue to work proactively to take great care of their customers, who are also VW customers.”

The content of the deal is still confidential and this is only an agreement in principle, so nothing is final. A settlement isn’t likely to be finalized until late September and even after that, no action will be taken until a court approves it.

The post Volkswagen Agrees to Pay Dealers for Diesel Damages appeared first on VWVortex.



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

Comments

Post a Comment

Popular posts from this blog

Project SportWagen: Going Stage 2 with APR

    When we last left you, the humble little SportWagen was fresh from the development process with our friends at AWE Tuning, sporting a new downpipe, exhaust and intake, allowing things to breathe a bit easier.  The car sounded great, but there was no getting around the fact that our wagon was still quite, well, slow.   While we realize that nothing we do to the Golf SportWagen at this point will make it a race car, we still felt compelled to do something .  To put it bluntly, we had a fever, and the only cure was more power. Flash forward a few hours, and we found ourselves at Waterfest, staring down APR’s palatial spread and the numerous tuned vehicles surrounding it.  Earlier in the year, APR had hinted to us that their 1.8 TSI files would be quite impressive, and based on what they were able to do with the 2.0 TSI found in the new GTI and our time in their Golf R, we knew it’d be worth the wait.  So with this in mind, we lined our G...
Post a Comment
Read more

Volkswagen’s Gone to California with Grand California Camper

Volkswagen is bringing the California XXL concept to production. It will debut at the Dusseldorf Caravan Salon as the Grand California. It’s set to be based on the medium wheelbase Crafter van. That’s the company’s full-size commercial van, larger than the T6 Transporter based California. The high roof means room for adults to stand up, though it won’t get the concept’s extended length. The Grand California offers a full wet bathroom. It’s not exactly spacious, though, measuring in at around 31.5 x 33-inches. A toilet, shower, and sink are all crammed into that space, but at least there are motion sensor lights to stop you from reaching for a switch. Standard, the Grand California it comes with berths for two adults. Space for two children is optional, but they’ll be stuck in a berth amove the driver’s area. The kitchen offers a sink, stove, and two fridges. The front seats swivel to add seating space when the RV is parked. It’s also got solar panels, an integrated satellite dish,...
Post a Comment
Read more

Bugatti Chiron Won’t Get a Roadster Version

The all-new Bugatti Chiron hypercar will not get a convertible version like its Veyron predecessor did. Speaking to Autocar at the London grand opening of the sole Bugatti showroom in the U.K., marketing boss Stefan Brungs confirmed that the French automaker’s latest hypercar will only be sold in coupe format, with “no roadster or convertible” version in the plans. Brungs also said that the company is only planning on selling the allotted 500 Chirons as standard, so faster variants like a Super Sports version also aren’t likely. This is a very different strategy than the Veyron, which has targa top Grand Sport and Super Sports models, as well as a number of special edition models. The Chiron is set to try to break the world record for fastest car and attempt to beat the Veyron’s record of 268 mph. It is believed that the Chiron will be able to hit 288 mph. Powered by an 8.0-liter W16 engine with 1,500 horsepower and 1,106 pound-feet of torque, it shouldn’t ...
Post a Comment
Read more