27 Jul '16, 1pm

VW diesel plan gets preliminary approval, but buyback offers won't start yet

John Voelcker 252 views Jul 27, 2016 Follow John Add to circle 2014 Volkswagen Passat TDI Enlarge Photo As expected, a federal district-court judge gave preliminary approval yesterday to a plan for Volkswagen to buy back or modify hundreds of thousands of 2.0-liter diesel vehicles sold from 2009 through 2015. The cars, sold by VW and Audi, contained "defeat device" software that kept their emissions within legal limits only during testing, but bypassed emission controls in real-world driving. Volkswagen must buy back or modify 85 percent of the 466,000 cars sold with those engines. Separately, it will pay owners who agree not to sue the company up to $5,000 each. DON'T MISS: VW diesel deal: what should I do? Take buyback? Wait for updates? It will also set up two distinct funds, one to take older diesel vehicles off the road and another to pay for infrastructure necessary ...

Full article: http://www.greencarreports.com/news/1105191_vw-diesel-pla...

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