EU commissioner urges Volkswagen to compensate drivers for diesel scandal

The settlement includes cash payments to OR consumers who purchased a diesel vehicle from Volkswagen OR one of its subsidiaries from 2009 to 2015 that had “defeat device” software to circumvent emissions standards for certain pollutants.

The agreement is part of a series of costly state and federal settlements totaling more than $10 billion.

Volkswagen AG’s price tag to settle lawsuits in the United States over its rigging of diesel emissions tests has jumped to more than $15 billion – $5 billion more than previously reported – on the eve of a settlement to be filed on Tuesday in a San Francisco court.

Volkswagen has admitted that the 2-liter diesels were programmed to turn on emissions controls during government lab tests and turn them off while on the road.

A buyback, or early lease termination, is one of the options under the proposed settlements.

If you have a loan though a third-party, Volkswagen will pay off the loan.

Volkswagen will also pay $2.7 billion into an EPA fund to compensate for the environmental impact caused by the emission issues. MI is eligible for as much as $60.4 million of that money.

VW will pay just over $10 billion to either buy back the cheating diesel vehicles or fix them.

They also resolve actions against Volkswagen brought by the United States Environmental Protection Agency, the Department of Justice, the Federal Trade Commission, California and vehicle owners in private class action suits, the release says. VW will buy back your auto – regardless of its condition – at the National Automobile Dealers Association clean trade-in price before the cheating was made public on September 18, 2015.

“This settlement punishes Volkswagen for deceiving Hawaii consumers”, Hawaii Attorney General Doug Chin said in a statement.

If Volkswagen is found to be selling any unrepaired vehicles, or returning unrepaired vehicles to owners, it must pay a penalty of $50,000 per vehicle.

Models covered by the settlement include the 2009-2015 Jetta and Audi A3, the 2010-2015 Golf, and the 2012-2015 Beetle and Passat, all with 2-liter diesel engines.

“While I believe Volkswagen’s conduct was blatant, I do believe they are living up to that promise to try to make things right to their consumers, with our Kentuckians, and they are taking responsibility”, Beshear said.

A preliminary approval hearing is set for July 26, and final approval is expected in the fall, likely in October.

The federal class action settlement does not impact Arizona’s ongoing Consumer Fraud Lawsuit against Volkswagen.