A long-awaited settlement for owners of 3.0-liter VW diesel vehicles with emissions cheat devices is finally on the table. This week, the automaker reached a preliminary $1 billion settlement with the U.S. government. (That $1 billion doesn’t include as of yet-unnamed employee compensation.)
As part of the deal, VW is agreeing to buy back 20,000 vehicles and fix 60,000 of them. The settlement comes months after it reached a similar deal for nearly 500,000 2.0-liter TDI models with cheat devices. Those buybacks are already underway. The 3.0-liter settlement should become official sometime before the end of the Obama administration. VW says it hopes to have all claims processed before beginning the buybacks process in the spring.
As far as the repairs go, VW is still working on a fix that will make the 3.0-liter models complaint with U.S. emissions laws. So that part of the equation is still hanging in the air. The federal Judge overseeing the case says a fix may not be approved for some models until 2018.
By the bills, VW will pay out around $17.5 billion for U.S. owner and government regulator claims. Just for cheating on the 3.0-liter TDIs. Also as part of the deal VW will spend $225 million to help fund projects focused on reducing emissions. Plus another $25 million goes to the California Air Resources Board to campaign for zero-emission vehicles.
“We are committed to earning back the trust of all our stakeholders and thank our customers and dealers in the United States for their patience as the process moves forward,” says Hinrich J. Woebcken, president and CEO of Volkswagen Group of America Inc.
Here’s a look at the 3.0-liter models. For details on the 2.0-liter settlement click here.
- 2014-16 Audi A6, A7, A8, A8L, Q5
- 2009-15 Audi Q7
- 2013-15 Audi Q7
- 2013-16 Porsche Cayenne
- 2009-16 VW Toureg
Photo Copyright: Shutterstock/Taina Sohlmana