26 Jan '17, 4pm

VW dealers settle too; average payout almost $2 million each

Stephen Edelstein Jan 26, 2017 2012 Volkswagen Passat TDI Six-Month Road Test Enlarge Photo A settlement between Volkswagen and its U.S. franchised dealers over the diesel-emissions scandal has been approved by a federal judge. First announced last August, the settlement calls for VW dealers to compensated for the alleged loss in value of their franchises related to fallout from the scandal. Dealers initially considered launching a class-action lawsuit against Volkswagen after being left out of the initial settlement for 2.0-liter TDI cars, but elected to negotiate with the automaker instead. DON'T MISS: Where do bought-back VW diesels go? Dead NFL stadiums, among other places Approved by U.S. District Court Judge Charles Breyer—who is also overseeing settlement for VW TDI owners—the dealer settlement calls for payments to be made to Volkswagen's 652 U.S. franchised dealer...

Full article: http://www.greencarreports.com/news/1108554_vw-dealers-se...

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