It was reported last night that Volkswagen may end up buying back more than 100,000 cars in the United States. It was reported that Volkswagen may buy back some 115,000 cars in the U.S. as a result of the growing emissions scandal. News of a possible mass buyback first came out in the German press and was later reported in the U.S. by Reuters. The report said the automaker is planning to either refund the purchase price of up to a fifth of the diesel vehicles affected or offer a new car at a significant discount.
The remainder of the vehicles will likely require significant repairs through the dealership. The reports come just a day after the Justice Department sued Volkswagen. The vehicles thought to be part of any buyback would be older models equipped with 2.0 liter diesel engines that are harder to retrofit to reach compliance, the reports noted. It will be interesting to see what happens relating to this new development.
Source: Reuters and AL.com