The Volkswagen Group may have tried to move on from the recent diesel emissions scandal which widely affected sales of some of their models worldwide, however, the U.S. government isn't letting them go that easy. Latest developments on the outcome of the scandal are reportedly going to cause the company about $10B in repairs or buybacks.
This week, Judge Breyer ruled out an estimated 600 lawsuits that VW is going to face and that the group is being asked to come up with a solution to repair the affected vehicles asap, Ars Technica reported. He also requested for VW to put up an another fund (aside from the buybacks) for owners of Golfs, Beetles, Audi A3s and Jettas purchased last 2009 as added compensation.
A lot of rumors on the measures the VW group is required to accomplish have been leaked as far as the court is concerned, however, today's hearing have been another stab at VW's list of to-dos, that is, setting up of a green technology environmental fund. It hasn't been ruled out also if the buyback vehicles would be lining up dealerships soon once the scandal dies out, as the agreement is deemed applicable to affected 2.0-liter diesel-powered cars only, according to the news agency.
The VW agreement with the federal government, however, made it clear that the deal only applies to affected vehicles in the U.S., and doesn't cover all other vehicles worldwide, according to The Telegraph. The move is likely to create widespread anger from other VW vehicle-owners overseas.
Aston University car industry expert Professor David Bailey said that U.K. drivers who'll know of the huge payout offered in the U.S. could put a lot of pressure on the company's behalf to also extend the compensation to Europe. Also, a marked decline in the automaker's sales in the U.K. has been reported following the reveal of the scandal.
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