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The Car and Truck Fleet and Leasing Management Magazine

VW to Offer Generous Compensation to Diesel Owners

February 08, 2016

Photo courtesy of VW.
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.

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  1. 1. Gerald Rowley [ February 17, 2016 @ 01:00PM ]

    Vapster-Diesel Products were retrofitted on a 2006 VW Jetta TDI. The emissions results surpassed EPA's Tier 3 Emission Standards that are set to the industry through 2017. This equipment is simple bolt on retrofits that do not interfere with the ECU.

 

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