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We're getting close to entering the seventh month of not having a fix for Volkswagen's cheating TDI engines in the U.S. A couple weeks back, a Federal judge in California gave Volkswagen a deadline of March 24th to provide a definitive status of a fix. But Volkswagen might not have the answer the judge or affected owners want. In an interview with German newspaper Wolfsburger Allgemeine Zeitung, Volkswagen brand boss Herbert Deiss said it could take months before Volkswagen and U.S. authorities come to an agreement. "I think that we have a good chance to reach an agreement with the authorities in the US in the coming months," said Deiss. There are a couple possible reasons for Deiss' response. First is that Volkswagen still doesn't have another solution ready. As we reported back in January, Volkswagen's first proposal was rejected by CARB due to it being "incomplete, substantially deficient and fall far short of meeting the legal requirements to return these vehicles” to compliance. Volkswagen has been hard at work on a new proposal since then. There has been talk this new proposal will include a buyback program. The second reason comes down to money. Volkswagen knows that it will be facing large fines from various regulators, along with the massive costs in terms of fixing vehicles and dealing with lawsuits. Source: Wolfsburger Allgemeine Zeitung, Reuters -
We're getting close to entering the seventh month of not having a fix for Volkswagen's cheating TDI engines in the U.S. A couple weeks back, a Federal judge in California gave Volkswagen a deadline of March 24th to provide a definitive status of a fix. But Volkswagen might not have the answer the judge or affected owners want. In an interview with German newspaper Wolfsburger Allgemeine Zeitung, Volkswagen brand boss Herbert Deiss said it could take months before Volkswagen and U.S. authorities come to an agreement. "I think that we have a good chance to reach an agreement with the authorities in the US in the coming months," said Deiss. There are a couple possible reasons for Deiss' response. First is that Volkswagen still doesn't have another solution ready. As we reported back in January, Volkswagen's first proposal was rejected by CARB due to it being "incomplete, substantially deficient and fall far short of meeting the legal requirements to return these vehicles” to compliance. Volkswagen has been hard at work on a new proposal since then. There has been talk this new proposal will include a buyback program. The second reason comes down to money. Volkswagen knows that it will be facing large fines from various regulators, along with the massive costs in terms of fixing vehicles and dealing with lawsuits. Source: Wolfsburger Allgemeine Zeitung, Reuters View full article
