The German automaker Volkswagen AG reported yesterday that it is
New York, Connecticut, Massachusetts, Pennsylvania, and Washington are among the 10 states currently covered in the settlement and some consumer claims. Last year, the German brand also paid as much as $603 million fine from 44 states in the United States last year; and apparently, that didn’t cover yesterday’s claims.
VW 2016’s Diesel Scandal
In total, Volkswagen shelled out as much as $25 billion, since last year. They have been grappling with different legal settlements like federal crimes and civil penalties; they have also spent addressing to customer claims, environmental regulators, and dealers.
The Fed prosecutors also brought criminal charges against six VW executives for the scandal. The automaker also agreed to give out at least 3 electric cars from the 10 states by the year 2020. VW also agreed to the same settlement in California, giving them vehicles this coming December.
VW Looks Build Brand Back
VW now focuses on clearing the storm, legal liabilities and the rehabilitation of their brand. The company looks to come back after environmental protests last 2015, according to the company “The agreement avoids further prolonged and costly litigation as Volkswagen continues to earn back the trust of its customers, regulators and the public,”
Diesel-Sale on Track for VW
Now that the smoke is cleared, VW is open to selling diesel vehicles again after a couple of years after the emission scandal. The caveat is that they have to sell the updated models with anti-polluting software. The EPA already gave the automakers a green light, although the company wouldn’t be able to sell newer models until 2018.
VW’s models 2015 JDI Jetta, Golf, Audi A3, Beetle and other third-gen 2.0 liter TDI diesel engine. The current units the company has stored from the models are at 67,000.
Volkswagen took the biggest punch among the companies struck by the “Dieselgate”; the company’s 475,000 vehicles were affected by the scandal, and 340,000 of those received a buyback of anything between $12,500 to $44,000 depending on the model, while the rest remained to house the autos and receive a fix and an additional payment as much as $10,000 from VW.
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