VW to Offer Generous Compensation to Diesel Owners
Photo courtesy of VW.
Volkswagen is planning to offer generous compensation packages to about 600,000 U.S. owners of its clean diesel vehicles that are over the legal limit for tailpipe emissions, a company representative told a German newspaper.
Volkswagen hasn't decided whether it wil offer cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg, the administrator of the company's claims fund, told the Frankfurter Allgemeine Sonntagszeitung, reports Reuters.
Volkswagen has postponed the release of its 2015 financial results and delayed its annual shareholder meeting as it deals with the cost of the diesel emissions scandal.