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
-
Self-Driving Chevy Bolt Ticketed for Driving Too Close to Pedestrian
Police in San Francisco ticketed the backup driver in a self-driving Chevrolet Bolt for allowing the car to drive too close to a pedestrian in a crosswalk in San Francisco.
-
Toyota Targets 2021 Launch for V2V Tech in U.S.
Toyota Motor Corp. plans to expand its vehicle-to-vehicle communication technology to the U.S. by 2021 and offer it across most Toyota and Lexus models in the country by mid-decade.
-
Study: How States Should Update Traffic Laws for Autonomous Cars
U.S. states should require that all automated cars have a licensed driver on board, suggests a study by the Governors Highway Safety Assn.
