Volkswagen’s 2015 diesel emission fraud fiasco, temporarily referred to as “Dieselgate,” has arguably been the biggest disruptor in the automotive industry in the decade after, at least up to COVID-19. Of course, VW’s deception has provoked a reaction from regulators and governments.
Since the agreements were reached in 2016, the Volkswagen Group has paid more than $9.5 billion in budget according to the drivers of the affected vehicles. The large sum revealed in a final report ready and published through the Federal Trade Commission on Monday. In total, Volkswagen, Audi and Porsche (named as defendants in the report) invoiced drivers related to 88% of so-called “clean diesel” vehicles.
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For the most part, consumers have selected the option of an early repurchase or termination of the lease with compensation. This allowed drivers to return to their car in a fair market or return a rented vehicle with additional compensation, unconditionally. A whoalyus 86% of those involved chose money. The other option is to ask VW to repair diesel-powered cars to align with federal emission regulations. This also included compensation. But the overall download of the car is, in fact, the most popular option.
The report hardly denigrated the VW Group. In fact, the FTC praised the automaker for making the entire procedure one of the “most successful customer repair systems ever.” The Government commended the VW Group for its effectiveness in processing the programmes and for providing valid data to customers on the procedure. That would seem obvious, however, the FTC mentions some other events where companies were not so pleased to return their cash to customers.
Today, diesel is completely absent from the Volkswagen brand and, in general, the car manufacturer continues to pursue its electric dreams. This year we see the electric ID four crossover making its debut to mark the brand’s first electric vehicle for sale in the United States.
This was originally published in Roadshow.
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