Photo: Wikipedia user Mariordo Mario Roberto Duran Ortiz
Volkswagen AG has received a new extension of the deadline to reach a final settlement for the 500,000 vehicles it sold in the USA with 2.0-liter TDI engines that featured “defeat devices.”
The German corporation was supposed to reach a final settlement by June 21 with U.S. government regulators and owner representatives, but former FBI director Robert Mueller, the court-appointed mediator, has requested a one-week extension of the deadline.
According to sources familiar with the discussions, which were quoted by Automotive News, the agreement is still on track, but needs a little bit more time to be finalized.
The court-appointed mediator has explained to U.S. District Judge Charles Breyer that the “highly technical nature of the proposed settlements” dictate the need for this extension. On Wednesday, Judge Breyer agreed to the request, so that the agreement can be completed.
As you can observe, the settlement only targets the 2.0-liter TDI engines that were fitted with the “defeat device,” which means that approximately 500,000 customers of Volkswagen vehicles and their derivatives, like Audi models, will benefit from this particular deal.
In the case of clients with V6 TDI engines, Volkswagen is working with regulators on providing an appropriate fix that will make the engines compliant with EPA norms and the homologated specifications, along with supplying owners with compensation.
Once Volkswagen deals with all of the Dieselgate-affected vehicles in the USA, the German corporation still faces penalties from the EPA, along with various US states and consumer groups which have started legal action against them.
After all, even with the vehicles fixed and the customers compensated, the automaker did cheat the system by providing its diesel-engined cars with a device that tricked emission testing procedures.
At the same time, Volkswagen is working on ways to fix the rest of the affected vehicles, which add up to approximately 10 million units sold worldwide. However, progress is slow, and regulators are beginning to lose their patience.
According to sources familiar with the discussions, which were quoted by Automotive News, the agreement is still on track, but needs a little bit more time to be finalized.
The court-appointed mediator has explained to U.S. District Judge Charles Breyer that the “highly technical nature of the proposed settlements” dictate the need for this extension. On Wednesday, Judge Breyer agreed to the request, so that the agreement can be completed.
As you can observe, the settlement only targets the 2.0-liter TDI engines that were fitted with the “defeat device,” which means that approximately 500,000 customers of Volkswagen vehicles and their derivatives, like Audi models, will benefit from this particular deal.
In the case of clients with V6 TDI engines, Volkswagen is working with regulators on providing an appropriate fix that will make the engines compliant with EPA norms and the homologated specifications, along with supplying owners with compensation.
Once Volkswagen deals with all of the Dieselgate-affected vehicles in the USA, the German corporation still faces penalties from the EPA, along with various US states and consumer groups which have started legal action against them.
After all, even with the vehicles fixed and the customers compensated, the automaker did cheat the system by providing its diesel-engined cars with a device that tricked emission testing procedures.
At the same time, Volkswagen is working on ways to fix the rest of the affected vehicles, which add up to approximately 10 million units sold worldwide. However, progress is slow, and regulators are beginning to lose their patience.
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