Volkswagen is going to spend $1.2+ to repair or buyback vehicles
February 01, 2017 – I have written few articles about Volkswagen’s DieselGate scandal. VW has cheated its customers as well as US authorities when it started selling cars with emission cheating mod installed in them. Hundreds of thousands of VW cars have a cheating hack installed in the ECU [Engine Control Unit.] The purpose of installing this Mod, or Software, in the ECU was to cheat in emission tests. When the vehicle is under inspection environment, the cheating software activates certain systems that makes the vehicle more environment friendly.
The vehicle under this cheat-mode emits much less toxic gases compared to when the vehicle is not in a testing-environment, which means the car is running with the cheat-mode disabled. When activated, this software makes the car use more fuel and it also reduces its power, but the car emits very less pollution. But under normal driving conditions, when the software isn’t activated, the car then has more power and is fuel efficient, but it spills out a lot more toxic gases, or materials; some reports say that these vehicles are gushing out 40 times more toxic gasses when they are on road.
Today, some more details about Volkswagen’s case settlement have emerged. VW is initially putting aside $1.2 billion to either buyback the affected diesel vehicles or to repair them. However, if the authorities don’t approve the repaired, or fixed, vehicles, then Volkswagen might have to pay more than 4 billion US dollars. The total number of vehicles, which have the cheating-mechanism installed in them, is around 80,000.
60,000 of these vehicles are classified as newer models [2013-2017]; owners of these vehicles are eligible for the recall and repair program. If you have one of Volkswagen’s diesel cars that have the hack installed in it, then you can give it back to the dealership.
You can get your money back i.e. the original sum of money that you paid to purchase the vehicle. In addition, you are entitled to receive $7,500 as compensation for being affected by VW’s fraud scheme. The other option is to let VW repair your vehicle; I believe this means that they will remove the cheating software from your car. If you choose this option, you then are entitled to receive money, as compensation, between $7,000 and $16,000. You can receive an additional $500 if the fix/repair affects your vehicle’s performance, which I am sure it will definitely do…
Owners of older cars [2009-2012] can return the affected vehicle to VW or they can opt for the modification option. VW said that they could modify these older vehicles so that the pollution they produce is minimum. I bet many, if not all, older vehicles owners will choose the first option, which is to have VW buy them back. These cars are used and old, why not give them back to the company for the same price that you paid?