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Almost five months after Volkswagen and the U.S. Government announced they had reached a settlement totaling $14.7 billion over the 2.0L TDI engine scandal, U.S. District Judge Charles Breyer has given the final approval today in San Francisco . The approval marks a pivotal moment for the German automaker as they begin to move away from a scandal that has done a lot of harm not only to them, but also diesel fuel. The majority of the settlement will be used by Volkswagen to give owners of vehicles equipped with the 2.0L TDI four-cylinder two options, Have Volkswagen buy back the vehicle at NADA trade-in value before the scandal broke along with a one-time cash payment Wait for Volkswagen to come up with a fix for the 2.0L TDI (a one-time cash payment is included) The remainder of the settlement will be split between offsetting the excess emissions and the development of zero-emission vehicles. “Final approval of the 2.0L TDI settlement is an important milestone in our journey to making things right in the United States, and we appreciate the efforts of all parties involved in this process. Volkswagen is committed to ensuring that the program is now carried out as seamlessly as possible for our affected customers and has devoted significant resources and personnel to making their experience a positive one,” said Hinrich J. Woebcken, President and CEO of Volkswagen Group of America, Inc in a statement. Work is still being done on a settlement for the 85,000 vehicles equipped with the 3.0L TDI V6. Source: Volkswagen, Reuters Press Release is on Page 2 Volkswagen AG, Volkswagen Group of America, Inc. and certain affiliates (together, Volkswagen) announced today that Judge Charles R. Breyer of the United States District Court for the Northern District of California has granted final approval to the settlement agreement between Volkswagen and private plaintiffs represented by a Court-appointed Plaintiffs’ Steering Committee (PSC) to resolve civil claims regarding eligible Volkswagen and Audi 2.0L TDI vehicles in the United States. Concurrently, Judge Breyer also approved a Consent Decree between Volkswagen and the U.S. Department of Justice on behalf of the Environmental Protection Agency (EPA) and the State of California by and through the California Air Resources Board (CARB) and the California Attorney General; and a Consent Order between Volkswagen and the U.S. Federal Trade Commission. All three agreements were previously announced. “Final approval of the 2.0L TDI settlement is an important milestone in our journey to making things right in the United States, and we appreciate the efforts of all parties involved in this process. Volkswagen is committed to ensuring that the program is now carried out as seamlessly as possible for our affected customers and has devoted significant resources and personnel to making their experience a positive one,” said Hinrich J. Woebcken, President and CEO of Volkswagen Group of America, Inc. Volkswagen remains focused on resolving other outstanding issues in the United States and continues to work towards an agreed resolution for customers with affected 3.0L TDI V6 diesel engines. View full article -
Almost five months after Volkswagen and the U.S. Government announced they had reached a settlement totaling $14.7 billion over the 2.0L TDI engine scandal, U.S. District Judge Charles Breyer has given the final approval today in San Francisco . The approval marks a pivotal moment for the German automaker as they begin to move away from a scandal that has done a lot of harm not only to them, but also diesel fuel. The majority of the settlement will be used by Volkswagen to give owners of vehicles equipped with the 2.0L TDI four-cylinder two options, Have Volkswagen buy back the vehicle at NADA trade-in value before the scandal broke along with a one-time cash payment Wait for Volkswagen to come up with a fix for the 2.0L TDI (a one-time cash payment is included) The remainder of the settlement will be split between offsetting the excess emissions and the development of zero-emission vehicles. “Final approval of the 2.0L TDI settlement is an important milestone in our journey to making things right in the United States, and we appreciate the efforts of all parties involved in this process. Volkswagen is committed to ensuring that the program is now carried out as seamlessly as possible for our affected customers and has devoted significant resources and personnel to making their experience a positive one,” said Hinrich J. Woebcken, President and CEO of Volkswagen Group of America, Inc in a statement. Work is still being done on a settlement for the 85,000 vehicles equipped with the 3.0L TDI V6. Source: Volkswagen, Reuters Press Release is on Page 2 Volkswagen AG, Volkswagen Group of America, Inc. and certain affiliates (together, Volkswagen) announced today that Judge Charles R. Breyer of the United States District Court for the Northern District of California has granted final approval to the settlement agreement between Volkswagen and private plaintiffs represented by a Court-appointed Plaintiffs’ Steering Committee (PSC) to resolve civil claims regarding eligible Volkswagen and Audi 2.0L TDI vehicles in the United States. Concurrently, Judge Breyer also approved a Consent Decree between Volkswagen and the U.S. Department of Justice on behalf of the Environmental Protection Agency (EPA) and the State of California by and through the California Air Resources Board (CARB) and the California Attorney General; and a Consent Order between Volkswagen and the U.S. Federal Trade Commission. All three agreements were previously announced. “Final approval of the 2.0L TDI settlement is an important milestone in our journey to making things right in the United States, and we appreciate the efforts of all parties involved in this process. Volkswagen is committed to ensuring that the program is now carried out as seamlessly as possible for our affected customers and has devoted significant resources and personnel to making their experience a positive one,” said Hinrich J. Woebcken, President and CEO of Volkswagen Group of America, Inc. Volkswagen remains focused on resolving other outstanding issues in the United States and continues to work towards an agreed resolution for customers with affected 3.0L TDI V6 diesel engines.- 2 comments
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Rumorpile: Green Light Is Given for Jeep Trackhawk and Wagoneer
William Maley posted an article in Jeep
We have been hearing murmurs over at Jeep about two new products; a flagship SUV to wear the Wagoneer name and the Trackhawk. Allpar reports this week that both products have been given the go-ahead. The Wagoneer has been on the radar for a bit, thanks to it being on long-term plans that were shown to investors. But it seems the one thing that has been holding back the project of what it be. Allpar lists a number of variations from being a extremely luxurious Grand Cherokee to a lengthed version of the current Grand Cherokee. The Trackhawk is expected to be the new name for the Grand Cherokee SRT, although some believe it is for a version of the Grand Cherokee with a de-tuned Hellcat V8. Source: Allpar -
We have been hearing murmurs over at Jeep about two new products; a flagship SUV to wear the Wagoneer name and the Trackhawk. Allpar reports this week that both products have been given the go-ahead. The Wagoneer has been on the radar for a bit, thanks to it being on long-term plans that were shown to investors. But it seems the one thing that has been holding back the project of what it be. Allpar lists a number of variations from being a extremely luxurious Grand Cherokee to a lengthed version of the current Grand Cherokee. The Trackhawk is expected to be the new name for the Grand Cherokee SRT, although some believe it is for a version of the Grand Cherokee with a de-tuned Hellcat V8. Source: Allpar View full article
