Volkswagen Buy Back Diesel Cars

Volkswagen said its buyback offer applied to new diesel vehicles bought between April 1 and the end of 2018 and kicks in if the city in which the buyer lives or works bans diesels within three years of the purchase.

Last month, VW said it was taking another $3 billion charge to fix diesel engines in the United States, lifting the total bill for its emissions-test cheating scandal to around $30 billion.

Volkswagen AG and US officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade US emission rules, two people briefed on the matter said on Wednesday.

Volkswagen estimates that it might have to buy back around 115,000 diesel vehicles that are affected by the emission cheating scandal in the US, according to a report in the German daily Sueddeutsche Zeitung.

Embattled German auto giant Volkswagen expects to have to buy back around 115,000 diesel vehicles in the United States that are affected by the massive pollution-cheating scandal, the daily Sueddeutsche Zeitung reported today.

Volkswagen said its buyback offer applied to new diesel vehicles bought between April 1 and the end of 2018 and kicks in if the city in which the buyer lives or works bans diesels within three years of the purchase.

Last month, VW said it was taking another $3 billion charge to fix diesel engines in the United States, lifting the total bill for its emissions-test cheating scandal to around $30 billion.

Volkswagen AG and US officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade US emission rules, two people briefed on the matter said on Wednesday.

Volkswagen estimates that it might have to buy back around 115,000 diesel vehicles that are affected by the emission cheating scandal in the US, according to a report in the German daily Sueddeutsche Zeitung.

Embattled German auto giant Volkswagen expects to have to buy back around 115,000 diesel vehicles in the United States that are affected by the massive pollution-cheating scandal, the daily Sueddeutsche Zeitung reported today.