VW agrees to settle with dealers over diesel scandal

Not long ago, Volkswagen implemented a buyback program to compensate TDI owners for their air-offending automobiles. Unfortunately that compensation didn't help VW's American dealers that were stuck with cars they weren't allowed to sell for nearly a year, which was a serious blow to their brand's reputation. But VW announced today that will soon change.

The German automaker announced today that it came to an agreement with American dealers to compensate them for losses from the diesel scandal. This settlement comes in response to a lawsuit brought forth by a number of American VW dealers in April. No specifics on how much compensation would be provided as VW and the dealers' counsel still need to decide those details. VW did say that compensation will come in the form of "cash payments and other benefits," and the company expected final details will be sorted out and announced at the end of September.

This settlement is just one of the many large expenses VW now has to deal with following its global diesel emissions scandal. The company recently agreed to a settlement of $14.7 billion in the US, which included a consumer buyback program. These are just American costs, too. Volkswagen also has been developing fixes and handling fines and lawsuits around the globe. Really, this is just one more step on what has been, and will continue to be, a long road for the automaker.

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VW Reaches Tentative Settlement Agreement | Autoblog Minute

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