A proposed Volkswagen settlement between the company, government authorities and attorneys representing private individuals will pay buyers affected by the VW emissions scandal. The settlement will reportedly affect approximately 480,000 two-liter diesel engine cars sold by Volkswagen. Under the terms of the proposed settlement, VW owners will be able to choose whether to have the company buy back their car or repair them to meet emission standards.
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VM to Pay “Substantial Compensation” Under Terms of Settlement
According to therecorder.com, while the final terms have yet to be worked out:
The settlement impacts approximately 480,000 two-liter engine cars. VW owners will have the option of Volkswagen buying back their vehicles or having them repaired to address their excess emissions, subject to government approval pending further testing. People who leased the cars will be able to cancel the lease, U.S. District Judge Charles Breyer of the Northern District of California said.
VW will also have to pay “substantial compensation” in connection with the car buyback, and create a fund to remediate the environmental damage caused by the excess emissions. The final terms of that aspect of the deal have yet to be worked out, he said.
News of possible VW emissions lawsuits broke in September 2015, when it was reported that the automaker allegedly sold diesel versions of Volkswagen and Audi cars with software that turns on full pollution controls only when the car is undergoing official emissions testing. The scandal later widened to include additional VM and Audi models, in addition to Porche diesel cars.
Will My Car Be Eligible for the Volkswagen Settlement?
Although the April 2016 Volkswagen settlement announcement did not specify which models would be eligible for compensation to car owners, the announcement did note that the settlement would be limited to models with two-liter engines. Models involved in the VM emissions scandal were previously noted to include certain diesel versions of the:
Additional models could be included when the terms of the settlement are made final.
How Can a Volkswagen Settlement Attorney Help?
Lawsuits pending against the company claim that the actions of VW constitute fraud and misrepresentation, breach of warranty, breach of contract and violations of various consumer protection laws. Compensation is being sought for:
- Costs incurred by owners, including loss of value, attributable to any wrongful conduct
- Refund of the purchase price paid for affected vehicles
- Damages related to violations of consumer protection acts
- Attorneys’ fees
With the announcement of a proposed settlement involving “substantial compensation” in connection with a buyback or repair of an affected vehicle, an attorney can help owners navigate the settlement process. Attorneys’ fees in cases such as the Volkswagen emissions lawsuit are typically based on a percentage of any recovery made, with no out of pocket costs to the consumer, and may be included in the terms of the settlement itself.
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