Contrary to common belief, car dealers are generally not affiliated with the manufacturers of the vehicles they sell. Cars sitting on a dealer’s lot were purchased by that dealer to be re-sold to the public. It is essentially a retail relationship except the items are large, heavy, complicated, and cost tens of thousands of dollars.
So what happens when a dealer buys a parking lot full of Volkswagens, only ...
continue reading...Earlier this month, the United States Department of Justice officially found Volkswagen liable for criminal wrongdoing. The decision makes it all but certain that the auto giant will face criminal and civil suits for the fraud it perpetrated against the U.S. and other countries when it intentionally defeated emissions control systems in 11 million diesel-powered vehicles.
As a result of the finding, the Justice Department and VW ...
continue reading...Volkswagen’s $18 billion settlement over the emissions fraud it perpetrated against customers the world over is just the beginning of the money it will eventually have to pay out.
Most of the funds will be used toward settling claims with current VW owners. Checks, generally for between $5,000 and $11,000, will be issued to VW owners for their participation in the general settlement. The precise terms and mechanics of the ...
continue reading...When news of the Volkswagen emissions scandal initially broke, the auto giant’s first move was to offer vehicle owners a $500 check for their troubles. The prevailing thought, like most industry shakeups, was that the company would dominate headlines for a few days and then the world would simply move on.
That never happened. And now, when referring to one of the biggest stories in the history ...
continue reading...Under most circumstances, a vehicle recall action means a notice in the mail, an irritated customer spending the day at a dealership, and a return to the road. In the case of the Volkswagen pollution scandal, however, the day at the dealership may now be spent selling your car back to the manufacturer.
Last week, Volkswagen agreed to settlement terms that included not only the responsibility of fixing customer vehicles with emissions defeat systems, ...
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