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Home > Automotive companies' activities > EXHAUST FUMES MISINFORMATION FORCES VOLKSWAGEN TO COMPENSATE APPROXIMATELY 1 BILLION USD TO CUSTOMERS. (02/03/2020)

EXHAUST FUMES MISINFORMATION FORCES VOLKSWAGEN TO COMPENSATE APPROXIMATELY 1 BILLION USD TO CUSTOMERS. (02/03/2020)

Dieselgate continues to dazzle Volkswagen budget by forcing them to repay 910 million USD to customers due to misinformation on exhaust fumes of their diesel cars.

Volkswagen’s deal with the government as well as representatives of German Consumer Association forces the brand to repay from 1,500 to 6,850 USD to roughly 260,000 customers depending on age range and the model of purchase.

The aforementioned figure accounts for approximately 15% of the total cost of purchase. Should consumers feel the compensation is insufficient, lawyers are welcome to aid individual lawsuits.

The 260,000 customers are buyers of the diesel EA189 engine from Volkswagen before 31/12/2015. These customers will be directly contacted by the company via mail/email or on their own, search their vehicle’s eligibility on Volkswagen’s website by entering VIN code.

Total damage Volkswagen has to take on has gone up to tens of billions of dollars. To make matters worse, although the happening has taken place for half a decade, it shows no sign of slowing down, let alone ceasing. This occurrence extracts a heavy toll on Volkswagen and their long-term strategies, but for the most part, they are still able to produce satisfactory solutions thanks to the record sales of SUV.

Aside form VW, another German manufacturer being Mercedes-Benz has lost 5.3 billion USD due to penalties regarding diesel engines, recalls, exchanges or charges. Last year, although reaching record sales themselves, their profit drops to the lowest point since the 2012 economic crisis, most of the loss came from the 941-million-USD charge from the German government.

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