U.S. consumers received $9.8 billion in Volkswagen diesel settlements

Updated: Sep 2, 2020

  • The U.S. Federal Trade Commission said on Monday that buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements.

  • Volkswagen agreed to offer to buy back or repair more than 550,000 polluting diesel U.S. vehicles after it admitted in 2015 it used secret software to cheat emissions tests.

  • The FTC in its final report on the settlements said more than 86% of consumers completing claims chose to return their car through a buyback or early lease termination rather than get a repair.


3 views0 comments

Recent Posts

See All
© Magnus Investment Partners, LLC 2005-2020
All Rights Reserved
23838 Pacific Coast Highway #402
Malibu, CA 90265
Tel. (310) 317-7601