Volkswagen paid $9.8 billion to US consumers in dieselgate settlements
<p style="text-align: center;"><img title="1595925350201603.png" alt="6.png" src="/ueditor/php/upload/image/20200728/1595925350201603.png"/></p><p>U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday .<br/><br/>Volkswagen agreed to offer to buy back or repair more than 550,000 polluting diesel U.S. vehicles after it admitted in 2015 that it used secret software to cheat emissions tests.<br/><br/>The FTC in its final report on the settlements said more than 86% of consumers completing claims chose to return their car through a buyback or early lease termination rather than get a repair.<br/><br/>Volkswagen paid more than $9.5 billion to U.S. consumers, while VW diesel supplier Robert Bosch paid more than $300 million to U.S. consumers.<br/><br/>Most of the vehicles covered were 2.0-liter diesel vehicles. VW agreed to offer owners and people who leased the 475,000 2.0-liter vehicles between $5,100 and $10,000 in compensation, in addition to the estimated value of the vehicle.<br/><br/>The scandal triggered a global backlash against diesel vehicles that so far has cost VW 30 billion euros ($33.3 billion) in fines, penalties, vehicle buyback costs and other settlements.<br/><br/>VW in 2017 pleaded guilty to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department.<br/><br/>Last month, a U.S. appeals court ruled VW cannot escape potential financial penalties stemming from lawsuits filed by two counties that may amount to a "staggering" additional liability. Volkswagen vowed to seek further review by the 9th Circuit or the U.S. Supreme Court if necessary, saying the ruling conflicts with the findings of other courts.</p>
28 Jul,2020
