by Staff Writers
Frankfurt (AFP) Jan 7, 2016
Embattled German auto giant Volkswagen expects to have to buy back around 115,000 diesel vehicles in the United States that are affected by the massive pollution-cheating scandal, the daily Sueddeutsche Zeitung reported on Thursday.
Quoting sources inside the company, the newspaper said that VW expected to have to buy back around one fifth of the affected cars in the US, which totalled around 580,000.
Contacted by AFP, the carmaker refused to comment on the information.
The newspaper said the buy-back could take the form of either a cash payment or the owners would be offered a brand new vehicle in exchange at a large discount.
The US authorities would reach a decision on this in January, the report added.
VW is currently engulfed in a scandal of global proportions after it was forced to admit in September that it installed pollution-cheating software in 11 million diesel engines worldwide.
The number of vehicles involved in the US is estimated at around 600,000.
Earlier this week, the US government announced it is taking VW to court over the affair, dubbed "diesel-gate", which has hit the company's sales and could cost it countless billions of euros in fines and lawsuits.
In Europe, VW is scheduled to start recalling some 8.5 million affected vehicles in the region this month.
Car Technology at SpaceMart.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.|