Volkswagen AG (VW) has agreed to pay up to $14.7 billion to settle claims resulting from its diesel emissions cheating scandal. Under the terms of the settlement, VW allocated a maximum of $10.03 billion to buy back vehicles included in the recall and also provide cash compensation to the affected owners. The cash compensation offered to each car owner will range from $5,100 to $10,000. Both the buyback price and the amount of the additional compensation will depend on the cars’ value prior to the revelation that Volkswagen intentionally cheated on emissions quality tests.[1]
In the U.S. alone, approximately 475,000 VW vehicles are affected. These models include:
- 2009–2015 Jetta TDI
- 2009–2014 Jetta SportWagen TDI
- 2012–2015 Beetle TDI
- 2012–2015 Beetle Convertible TDI
- 2010–2015 Audi A3 TDI
- 2010–2015 Golf TDI
- 2015 Golf SportWagen TDI
- 2012–2015 Passat TDI
Details on Volkswagen’s Emission Test Fraud
Volkswagen promoted its “clean diesel” technology as a way to capitalize on the fuel efficiency and power of diesel, while also keeping emissions within or below legal limits. Customers intentionally paid a premium for these diesel models compared to VW’s gasoline-powered models.
These cars are safe and legal to drive. Owners can get more information by sending an email to complianceinfo@epa.gov.
Contact Us for a Free Case Evaluation
Allen & Allen is currently representing vehicle owners and dealers defrauded by Volkswagen. If you or a family member owns one of the recalled vehicles, contact the attorneys at Allen & Allen online or by calling 1-866-388-1307.
About The Author: Jason Konvicka is a partner and trial attorney with Allen & Allen in Richmond, Virginia. During his 20+ year career, he has achieved numerous record-setting jury verdicts and substantial settlements on behalf of his clients. His practice focuses on medical malpractice, bus accidents and product liability personal injury cases. Outside of the courtroom, Jason is involved with the Virginia Trial Lawyers Association and currently serves on its Board of Governors as Vice President.
[1] http://www.nytimes.com/2016/06/28/business/volkswagen-settlement-diesel-scandal.html
