WASHINGTON, July 28 — US buyers of polluting Volkswagen AG vehicles received more than US$9.8 billion (RM41.6 billion) in settlements, the Federal Trade Commission (FTC) said yesterday. Volkswagen agreed to offer to buy back or repair more than 550,000 polluting diesel US vehicles after it...
Tuesday, 28 Jul 2020 07:11 AM MYT
WASHINGTON, July 28 — US buyers of polluting Volkswagen AG vehicles received more than US$9.8 billion in settlements, the Federal Trade Commission said yesterday. The FTC in its final report on the settlements said more than 86 per cent of consumers completing claims chose to return their car through a buyback or early lease termination rather than get a repair.
Most of the vehicles covered were 2.0-liter diesel vehicles. VW agreed to offer owners and people who leased the 475,000 2.0-liter vehicles between US$5,100 and US$10,000 in compensation, in addition to the estimated value of the vehicle.
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