Volkswagen’s $10 Billion Bill

Posted by: Xavier Kwan onJune 21st, 2016

vw tdi loss

Customers who own a 2.0L TDI Volkswagen have been patiently waiting for the automaker to officially come out with their plan to fix their cars. Rumors have been swirling since April when loose details from the automaker came out reporting that their may be a fix or buy back plan as well as a compensation package for customers. Now, nearing the regulators demanded final date for Volkswagen to report on a solution, there is another bus circulating around a supposed $10 billion plan to fix half-a-million cheating diesel cars in the U.S.

All official solutions from Volkswagen will require both the EPA and CARB to approve of the plan. Volkswagen is all ready to fork over $6.5 billion to car owners and $3.5 billion to the U.S. government and California regulators in fines. With the currently proposed plan, Volkswagen will give the option to customers to have their non compliant vehicles repaired. According to calculations, it would take approximately 2 years for all the repairs to be completed, if Volkswagen can even get to all 482,000 affected cars in the US.



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