Jump to content

Sign in to follow this  
News Feeds

Where Volkswagen Cars Go To Die

Recommended Posts

An aging football stadium in Michigan. A decrepit paper mill in Minnesota. A sun-bleached patch of desert in California.

VW

These are the lots where Volkswagen is storing the hundreds of thousands of diesel vehicles that included software to help them cheat US emissions testing as the company races to buyback a huge chunk of its inventory ahead of a deadline agreed to as part of its settlement with the US government, per Reuters.

VW

Under the terms of its landmark settlement with the US government, if 85% of the 500,000 cars VW promised to repurchase haven't been bought back or fixed by then, the company will face higher punitive payments.

2018-04-01_8-58-02.jpg

Luckily for VW, the company says it has already repurchased 83% of these vehicles. Back in 2015, the company admitted to one of the biggest corporate scandals of the millennium: Installing software in its diesel cars to cheat US emissions test.

VWFour

The company later pleaded guilty to several felonies, agreed to three years probation, an paid more than $4 billion in fines.

2018-04-01_8-57-03.jpg

Meanwhile, it was also required to buy back any car that had been affected by its strategy.

VWFive

According to a court filing, as of Dec. 31, Volkswagen had repurchased 335,000 diesel vehicles, resold 13,000 and destroyed about 28,000 vehicles.

As of the end of last year, VW was storing 294,000 vehicles around the country. The company has sent more than 400,000 letters offering buybacks and reimbursements.

KngIRcobcJs

View the full article

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×