Volkswagen Submits Settlement for U.S. Diesel Owners; Sets Aside Clean Air Funds
Volkswagen officials said in a statement that they have reached a settlement with the U.S. Department of Justice, the State of California, other federal bodies, and plaintiffs to resolve civil claims with buybacks, termination of leases, and emissions modifications approved by regulators plus restitution cash payments in the amount of $10.033 billion. A separate settlement with more than 44 states that will cost $600 million also was announced, according to news reports.
According to Automotive News, each owner of one of the recalled diesel vehicles will receive the repurchase price of the vehicle plus $5,100-$10,000, depending on the model and year. The settlement is one of the largest consumer buyback programs in U.S. history.
The following 2.0-liter TDI engine vehicles are included in the proposed 2.0L TDI settlement program:
- Volkswagen Jetta (2009-2015) and Jetta Sportwagen (2009-2014)
- Volkswagen Beetle and Beetle Convertible (2013-2015)
- Audi A3 (2010-2013, 2015)
- Volkswagen Golf (2010-2015) and Golf Sportwagen (2015)
- Volkswagen Passat (2012-2015)
Owners can check for updates on VW’s site (https://www.vwdieselinfo.com/) and on the EPA’s website (http://www.epa.gov/vw).
For more information about the proposed 2.0-liter TDI settlement program, visit: www.VWCourtSettlement.com or www.AudiCourtSettlement.com.