Federal Trade Commission, Class Action Settlements Require Volkswagen to Repair Or Buy Back 3.0 Lite
According to a Federal Trade Commission press release on February 1, 2017 ---
The agency announced a settlement today that requires Volkswagen Group of America to fully compensate consumers who purchased 3.0-litter TDI diesel vehicles through a combination of repairs, additional monetary compensation, and buybacks for certain models. Under the federal court order, owners of older vehicles (model years 2009-2012) will be able to sell their car back to Volkswagen at favorable prices and obtain full compensation for their losses. Consumers are eligible to receive approximately $26,000 to $58,000 for a buyback, depending on the model, mileage, and trim of the car. These owners can also opt to keep their cars and receive an emissions modification that would improve their vehicle's emissions, if a modification is approved by the Environmental Protection Agency and the California Air Resources Board. Consumers receiving an emissions modification will also receive monetary compensation. For more on the FTC, class action settlements that require Volkswagen to repair or buy back 3.0 liter TDI diesel vehicles click on the picture below to read the FTC release.
