Volkswagen To Spend $1.2 Billion In Dealer Compensation For Dieselgate Scandal

Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 U.S. dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday.

The company and a lawyer for the VW brand dealers announced a tentative settlement at a court hearing in San Francisco on Thursday, but declined to disclose the amount. The settlement, which followed talks that began in May, came as a judge ordered VW to move quickly to decide whether to fix or buy back 85,000 luxury vehicles with polluting engines
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PUGPROUD - 8/25/2016 6:42:47 PM

+1 Boost

Average about $2,000,000 per dealer...good for the dealers!

MDarringer - 8/25/2016 7:06:48 PM

+1 Boost

That's a nice payout, but if VW doesn't learn to treat dealers better they are not going to recover.

carsnyc - 8/29/2016 8:54:04 AM

+1 Boost

Jettas and Passats at $89 and $109 per month respectively in South Florida.
If that doesn't move all the metal, then VW is definitely screwed in the U.S.