Mexican Media Brands
VW “Way Ahead” on U.S. Diesel Buyback Program
Volkswagen AG say it has already reacquired half the 475,000 diesel-powered cars it sold in the U.S. that had been rigged to cheat emission laws, The Wall Street Journal reports.
#regulations
Share
Volkswagen AG say it has already reacquired half the 475,000 diesel-powered cars it sold in the U.S. that had been rigged to cheat emission laws, The Wall Street Journal reports.
The company agreed to the $10 billion buyback program last summer and will face new fines if it fails to retrieve at least 85% of the affected vehicles in two years. VW is offering owners cash payments between $5,100 and $10,000 per affected vehicle. The cars, all powered by a 2.0-liter 4-cylinder diesel, will be scrapped or repaired.
VW sales in the U.S. have grown 10% this year to 76,300 units, according to Autodata Corp. The carmaker estimates that 20%-30% of participants in the diesel buyback scheme end up buying another VW model.
RELATED CONTENT
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
