VW’s emissions deal leaves unanswered questions

CCTV News

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Volkswagen has agreed a deal to compensate hundreds of thousands of U.S. customers for selling them vehicles that cheated environmental standards. The proposal gives consumers a concrete choice.

CCTV America’s Owen Fairclough explains the deal.

VW's emissions deal leaves unanswered questions

VW's emissions deal leaves unanswered questions

Volkswagen has agreed a deal to compensate hundreds of thousands of U.S. customers for selling them vehicles that cheated environmental standards. The proposal gives consumers a concrete choice. CCTV America's Owen Fairclough explains the deal.

VW is a long way from drawing a line under one of the biggest business scandals ever.

“We’ll fix it or buy it back” — that’s Volkswagen’s offer to the U.S. owners of nearly half a million diesel vehicles that were rigged to cheat emissions tests.

But auto industry experts say key question remain. Shareholders seemed to breathe a sigh of relief as VW’s shares edged up in Thursday trading. Although U.S. sales are down significantly, globally, they’re down only marginally.

Some estimates put the U.S. compensation close to $10 billion, with up to $20 billion in fines for environmental laws.

U.S. owners will have the next two years to decide what they want to do with their vehicles.


Lauren fix on the VW deadline

To discuss the VW emission deadline and its deal, Michelle Makori spoke with Lauren Fix from The Car Coach.

Lauren fix on the VW deadline

Lauren fix on the VW deadline

To discuss the VW emission deadline and its deal, Michelle Makori spoke with Lauren Fix from The Car Coach.