Herndon, Va. — August 10, 2016 — The Wall Street Journal recently reported on the latest updates in the emissions-related Volkswagen recalls. The effort involves around 500,000 diesel vehicles in the U.S., the source said.
Although no specific dollar amount was given, the announcement serves as an important indication of how the manufacturer plans to proceed. In particular, the company has finally started discussing “restitution,” which could be a good sign for dealers.
The article quoted Volkswagen spokesman Jeannine Ginivan on the issue. “We maintain a regular dialogue with the Volkswagen National Dealer Advisory Council as we work to make things right,” she said.
The current recall crisis came after it was discovered that the manufacturers used “defeat devices” during diesel emissions tests. As a result, many vehicles may have registered as passing emissions when they didn’t actually do so. While the fate of consumers has been much questioned in the media, dealers are also determining what will happen next.
Volkswagen’s recall and repair efforts are still in progress. According to an Autoblog article, recent statements from the manufacturer and the Environmental Protection Agency confirm a $14.7 billion possible settlement for the diesel issues. This source also said that Volkswagen has not explicitly specified what its repair or modification plan would be, or at least hadn’t as of June 28.
In addition, that deal only included 2-liter vehicles subject to the diesel recall. The source said that this leaves the affected 3-liter vehicles still open for consideration. In a press release, EPA Administrator Gina McCarthy said that the settlement works against the previous damages Volkswagen has caused. The model years for affected vehicles range from 2009 to 2015.