Whoa. Details leaked, but if you have a qualifying car you could trade it in for pre-scandal value plus $5-10k cash money in hand. This settlement is huge! I am (tangentially) on the GM ignition switch defect multi-district litigation (class action), and I would be stunned if the total money in those cases was even a third of this settlement.
VW to settle "clean" diesel class action for $14.7 BILLION
- Thread starter Big_Blue79
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What about that gm ignition thingy? I got a Chevy cobalt. So am I on that opp to get a slice of the pie? When you think we get paid? We talking thousands? **** I can't wait. This thing is gonna be my golden ticket.
The "clean" diesel engine option was VW's/Audi's way to meet higher U.S. fleet fuel standards. The problem was that the diesel engine cost about an extra $5,000 and took about 6-7 years to recoup via better gas mileage. Also the diesel wasn't as powerful as the regular engine options. Now we find out that it wasn't all that clean after all. But was anyone really hurt to the tune of billions?
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I don't think the penalty is all about air quality, but mostly for having software to intentionally produce fake test results to pass government guidelines.
Most of the money is for compensation - your car is now worth less money because it's either not as clean as advertised or (with the fix) not as powerful as advertised (and as unfixed). So your three year old VW is worth $15k instead of $12k - diminution in value. Costs associated with buyback, recalls, and compensation account for $10b, with the rest being various fines. Not sure where attorneys fees will be in here, but I'd imagine they are relatively low (settled quickly) and come out of the $10b pot.
Willy, I would diversify my retirement portfolio and not count on any money really. There are a couple of court rulings coming down in the next 6 months that could impact things, but I'd be surprised if any non-accident owner got more than enough to get a few suits at Joseph A. Bank. But seriously get that recall done if you haven't - look up your VIN at https://vinrcl.safercar.gov/vin/.
Willy, I would diversify my retirement portfolio and not count on any money really. There are a couple of court rulings coming down in the next 6 months that could impact things, but I'd be surprised if any non-accident owner got more than enough to get a few suits at Joseph A. Bank. But seriously get that recall done if you haven't - look up your VIN at https://vinrcl.safercar.gov/vin/.
Thanks, I was getting **** in the mail about that recall. I just assumed it was some car dealership trying to trick me with one of their spectacular advertisements to lure me onto their car lot. So I just kept throwing them away.
^ haha, can't it be both? "Come in to fix this deadly defect, also have you seen the new Malibus?"
They didn't get dinged for developing/having the software, they got dinged for using it to purposefully cheat lawfully enacted regulations.
Well this certainly drops your cool cat image down a notch or two. I had you pegged as a BMW guy.
Yes.....
Again, why is that illegal. They simply gave the consumer the option. Whether you mod it or not is up to you.
Bigger point. Why I'm the **** is government ding with the car industry so much? Not good for the consumer. Why is this OK and how did they get that power?
What other emissions do the regulate? And how had that effected that particular industry?
Again, why is that illegal. They simply gave the consumer the option. Whether you mod it or not is up to you.
Bigger point. Why I'm the **** is government ding with the car industry so much? Not good for the consumer. Why is this OK and how did they get that power?
What other emissions do the regulate? And how had that effected that particular industry?
Have a TDI... Never had a small car that ran down the road like it... Once in 2nd gear the thing flies down the road like a 6cyl.... Germans make excellent diesels... Been at it for years... The people that benefit the most are the U.S. automakers that can't or don't produce a competitive diesel engine... It's been a very good auto @ 130K... Runs like new... Did they cheat the system? Yes... They all cheat the system on gas mileage... None of us buys a vehicle with duct tape all over it to make it slick in the wind.... But they sure as hell test them that way....
I bought an Audi A6 two years ago. I test drove both the turbo diesel and supercharged conventional engine. The conventional engine was more responsive and I didn't have to pay the extra $5k-$6k for the diesel. With gas prices being lower now, the payback period would have been several extra years. The diesel was still good but I made the right choice especially considering the scandal.
They gave the consumer the option? I assume you're trolling, but I'll bite. They falsely advertised to the consumer - either the car doesn't meet emissions, and is thus illegal to drive on public roads, or it does meet emissions and has less power and mileage than advertised. Giving consumers cars that illegally falsify emissions tests is not "simply g[iving] the consumer the option," especially since they didn't disclose that alleged "option" to those very consumers. Pure applesauce.
I'm not going to argue the Clean Air Act and related regulations in this thread, but I'll just say that using regulation to deal with potentially harmful emissions is infinitely better than the other option - tort law. And I'm a lawyer, so I'm speaking against my own self interest here.
Lmao "illegal to drive"
They gave he consumer a better car. Period.
It just didn't meet "American standards" wtf is that? Seems racist, tbh. Why is this car OK for everywhere but not American roads. Illegal??? Lmao.
Why the **** is our government involved with anything like this. It's wrong. It directly hurts the consumer in more than one way. It manipulates the market.
Is it illegal to drive old classic cars?
They gave he consumer a better car. Period.
It just didn't meet "American standards" wtf is that? Seems racist, tbh. Why is this car OK for everywhere but not American roads. Illegal??? Lmao.
Why the **** is our government involved with anything like this. It's wrong. It directly hurts the consumer in more than one way. It manipulates the market.
Is it illegal to drive old classic cars?
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You had me for a post, but I'm not biting again. Laughed at "seems racist," though, that was funny. Well played.