Volkswagen AG will be buying back all vehicles sold that were found to violate the Clean Air Act, as stated in a notice that the company received from the Environmental Protection Agency (EPA). The company will compensate 80,300 owners of the 3.0-liter vehicles involved in the emission scandal. The vehicles will be recalled and Volkswagen AG will be fixing the problem until 2018.
It can be recalled that in 2015, Volkswagen admitted to cheating emissions tests using certain software. After the case was heard, Volkswagen AG agreed to pay $1 billion as a settlement to the US regulators. They also offered to buy back 20,000 of the vehicles and fix 60,000 for free.
On top of this, they had to pay $225 million to a trust fund that was put up to stop excessive emissions from vehicles. The settlement covered Audi, Posche, and Volkswagen's luxury vehicles with 3-liter engines, according to Reuters.
A warning was given to car owners who would be compensated for returning their cars to Volkswagen AG regarding stripping their vehicles before turning them over to the company. The warning was issued after a man from Cincinnati gutted his car before returning it. The doors, seats, bumpers, hood, hatch and major parts of the interior were removed and so, Volkswagen AG refused to give the man compensation, according to USA Today.
It appeared that the 20,000 cars to be bought back by Volkswagen AG are those that cannot be easily fixed. The remaining 60,000 might only require by fixing the software, allowing the Volkswagen AG to save lots of money. The amount to be given as compensation to owners of cars included in the buy back has not yet been revealed, according to Ars Technica.
With the expensive cost of cheating the EPA, other car companies might think twice before they cheat the agency in order to get acceptable emission test results.
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