Skip to main content

US Approves Fix for 38,000 Volkswagen Group 3.0-liter Diesel SUVs

On Monday, the Environmental Protection Agency announced it had approved a fix for the remaining 38,000 Volkswagen Group vehicles equipped with emissions-cheating 3.0-liter diesel engines. That’s potentially very good news for Volkswagen, as it’s a decision that could save the company a truckload of cash.

In May, VW agreed to spend over $1.22 billion to repair or buy back nearly 80,000 vehicles with 3.0-liter engines as part of its “dieselgate” settlement. The manufacturer was also obliged to pay owners of fixed units between $8,500 and $17,000. However, there was an additional fine of $4.04 billion if the EPA and California Air Resources Board were unwilling to approve repairs on all 3.0-liter vehicles.

With a fix now in place for 38,000 Porsche Cayenne, Volkswagen Touareg, and Audi Q7 SUVs, the company may have just saved itself a over a billion dollars. 

According to Reuters, which broke the news even before the EPA, Volkswagen has stated it is pleased with the approval and will continue working with regulators to develop fixes for remaining vehicles “as quickly as possible.”

All in, Volkswagen Group has acquiesced to spend up to $25 billion in the United States to manage claims from owners, states, dealers, and regulatory fines resulting from its diesel emissions scandal.

The Porsche and Volkswagen vehicles involved in this fix were built from the 2013 to 2015 model years. Affected Audi vehicles were produced from 2013-2016.

This article first appeared on thetruthaboutcars.com

The post US Approves Fix for 38,000 Volkswagen Group 3.0-liter Diesel SUVs appeared first on VWVortex.



from VWVortex http://ift.tt/2y0I25C
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