Ever since the “Dieselgate” scandal broke in September of last year, Volkswagen owners have been in limbo. In September of 2015, Volkswagen admitted to cheating on emissions tests with defeat devices that had been installed in 11 million of its diesel vehicles worldwide. Approximately 550,000 of those vehicles are located here in the United States.
While waiting for the company to roll out a technological fix for that will bring their vehicles in compliance, many Volkswagen owners are wondering what this will do to the performance of their vehicles. They are also wondering what kind of compensation will be offered to the owners to make up for the inconvenience and potential lost value.
In a U.S. District Court Hearing last month, a federal judge made public some broad sweeps of VW’s settlement with both the federal government and the owners. These broad strokes included a tentative agreement to buyback approximately 500,000 2.0-liter 4-cylinder TDI vehicles. Lessees will also be able to walk away from their leases without penalty.
More details will be released in a separate hearing on June 21, including how much the company will pay to buy back their vehicles and how much the company will pay for the damage they caused to the environment.
When news of the deception first broke, Consumers Union, an arm of Consumer Reports, began collecting stories from the owners of VW diesel vehicles. So far, more than 450 stories have been collected and more are being submitted.
Many of these stories were focused on concerns about the environmental impact. Many VW diesel owners stated that they bought their vehicles because of how environmentally friendly they were supposed to be. Many other owners were concerned about the financial impact the scandal would have. Still more owners were concerned about how the fix would affect the performance of their vehicles.
If you have been impacted by the Volkswagen diesel engine scandal, you may be entitled to compensation. Contact the “Strong Arm” attorneys at the law offices of John Foy & Associates. We can help you get the compensation you deserve. Contact us today.