VW Gets an Extension on Dieselgate Settlement

By

Automotive Editor

Justin Cupler has specialized as an automotive writer since 2009, and has seen himself published in multiple websites and online magazines. In addition to contributing to CarsDirect, Justin also works as editor in chief for a large performance car online publication. His specialty lays in the high-performance realm, but has a deep love and understanding for all things automotive. Prior to being an automotive writer, he was an automotive technician and manager for six years, but spent the majority of his younger life tinkering with classic muscle cars.

Follow On: Google+ | Website

, Automotive Editor - June 20, 2016

Volkswagen's dieselgate scandal is nearing its end, but not before one more delay, according to Automotive News.

According to the report, VW, the U.S. government, and owners of the affected cars are working diligently toward getting the deal that was agreed upon in principal in April made official. However, it is a complex issue that is just taking more time than anticipated to finalize, so U.S. District Judge, Charles Breyer, pushed the June 21st deadline back one week to June 28th. According to Breyer, this extension was actually requested by FBI director, Robert S. Mueller, not Volkswagen.

The deal would involve Volkswagen Auto Group buying back up to 500,000 affected vehicles with the 2-liter TDI engine. Given the fed approves VW’s repair procedure, there may also be the option for owners to have their vehicles repaired and receive a substantial cash settlement. Volkswagen will reportedly set aside $18.2 billion and slash dividend costs to help cover the cost of the scandal.

We are still waiting on a settlement for vehicles that use the larger 3-liter TDI engine, which had the same emission-cheating device installed, but that announcement won't come until a later date.

Though you still cannot pick up a fuel-efficient TDI model, Volkswagen has some great deals on its other fuel-saving model, the 2016 e-Golf. Currently, qualified buyers can get a 36-month lease on this EV for just $179 per month and $2,349 due at signing. Those who prefer to buy can take advantage of 0 percent APR for up to 72 months plus $1,000 in bonus cash to go along with the EV tax credit from the fed.

, Automotive Editor

Justin Cupler has specialized as an automotive writer since 2009, and has seen himself published in multiple websites and online magazines. In addition to contributing to CarsDirect, Justin also works as editor in chief for a large performance car online publication. His specialty lays in the high-performance realm, but has a deep love and understanding for all things automotive. Prior to being an automotive writer, he was an automotive technician and manager for six years, but spent the majority of his younger life tinkering with classic muscle cars.

Follow On: Google+ | Website