Frankfurt: 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.
Quoting sources inside the company, the newspaper said that VW expected to have to buy back around one fifth of the affected cars in the US, which totalled around 580,000.
Contacted by AFP, the carmaker refused to comment on the information.
The newspaper said the buy-back could take the form of either a cash payment or the owners would be offered a brand new vehicle in exchange at a large discount.
The US authorities would reach a decision on this in January, the report added.
VW is currently engulfed in a scandal of global proportions after it was forced to admit in September that it installed pollution-cheating software in 11 million diesel engines worldwide.
The number of vehicles involved in the US is estimated at around 600,000.
Earlier this week, the US government announced it is taking VW to court over the affair, dubbed "diesel-gate", which has hit the company's sales and could cost it countless billions of euros in fines and lawsuits.
In Europe, VW is scheduled to start recalling some 8.5 million affected vehicles in the region this month.
Quoting sources inside the company, the newspaper said that VW expected to have to buy back around one fifth of the affected cars in the US, which totalled around 580,000.
Contacted by AFP, the carmaker refused to comment on the information.
The US authorities would reach a decision on this in January, the report added.
Advertisement
The number of vehicles involved in the US is estimated at around 600,000.
Advertisement
In Europe, VW is scheduled to start recalling some 8.5 million affected vehicles in the region this month.
COMMENTS
Advertisement
Volkswagen Starts Exchange Fest And Rebrands Used Car Business Volkswagen Tharu XR SUV Launched In China; Taigun Facelift For India? Volkswagen ID.7 GTX Unveiled Globally; Offers 595 Km Range Champai Soren On His Way To Delhi Amid Big Defection Buzz: Sources Indian-Origin Family, On Way To Daughter's College, Killed In US Car Crash Woman Doctor Assaulted By Drunk Patient, His Relatives At Mumbai Hospital Punjab Girl Gang-Raped In Public Bus In Dehradun, Roadways Staff Detained After Backlash Over Freshers' Pay, Cognizant Clarifies What Techies Get MCC NEET UG Counselling 2024: Round 1 Final Seat Matrix, NRI List Out Track Latest News Live on NDTV.com and get news updates from India and around the world.