Volkswagen TDI Buyback: What You Need to Know

If you bought or leased a Volkswagen TDI on or before September 15, 2015, you are probably eligible to receive a buyback offer from Volkswagen.

The buyback comes as compensation for the hassle of driving a car affected by the biggest scandal in automotive history. 2009-2015 Volkswagens and Audis equipped with the 2.0-liter diesel engine are eligible for a buyback of roughly $12,400-$44,000, depending on the year and model of the car.

Buybacks started this month and, as of October 18, about 340,000 people have signed up to accept the offer. This opens up the question:

What will happen to the hundreds of thousands of cars that Volkswagen buys back?

Continue reading >>>

Pleading Guilty: Criminal Charges in Volkswagen Scandal Begin

cracked-volkswagen-logo

Here’s a charge most people hope they never have to face in federal court: Conspiracy to defraud the U.S. government.

The first Volkswagen engineer to be formally charged entered a guilty plea Friday for his role in the automaker’s diesel emissions scandal. His plea has uncovered new information regarding ten years of deceit and coverups by the German automaker.

We now know that, since the very beginning of Volkswagen’s “clean diesel” program, the company intentionally developed and installed a “defeat device” on roughly 500,000 cars in the United States so that they could appear to pass U.S. emissions tests. We also know that engineers lied in attempts to cover up the existence of the device once U.S. investigators became suspicious.

Continue reading >>>

Volkswagen’s Worldwide Sales Up, But Criminal Charges Could Loom

Volkswagen-TDI

It’s been almost one year since news broke of Volkswagen’s diesel emissions scandal. At the time, we wondered how deep this scandal would go and if VW’s TDI plans were irreparable.

So far, Volkswagen has shown no interest in bringing its TDI line back to the U.S., but seems to have been doing just fine without it. Last month CNN said,

Global sales of Volkswagen cars and trucks have eked out about a 1% gain in the first five months of the year, despite the scandal. May sales gains were even stronger, a sign that the automaker is starting to put the diesel scandal behind it. Its U.S. sales have been down 7% in the first half of the year, although the United States accounts for only about 5% of its global sales.

Volkswagen’s outlook isn’t all rosy, though. This week investigators with the U.S. Department of Justice have found evidence of criminal wrongdoing in the case.

Continue reading >>>

Volkswagen Dealers Could Sue to “Stop the Insanity”

volkswagen

If you think this is a tough time to be a Volkswagen owner, imagine what it must be like to be a Volkswagen dealer.

Amidst the ongoing (and months-long) diesel emissions scandal, governments, regulators, and the general car-buying public are pounding Volkswagen. With sales already hurting, the German automaker may also have to contend with the revolt of a group of fed-up dealers.

Just a couple of years ago, Volkswagen had its sights set on becoming the largest automaker in the world, preparing its dealerships to sell upwards of 800,000 vehicles per year. The dealers invested over a billion dollars to get ready for the onslaught of customers. Instead, sales have fallen to below 350,000 vehicles per year, and dealer owners are feeling ignored by a heavily distracted Volkswagen, which is busy dealing with potential recalls and pending lawsuits.

Now dealers are mobilizing to stop the insanity.

Continue reading >>>

Volkswagen’s Sales Sink While Problems Mount

Volkswagen

Maybe the word “Volkswagen” translates to “problems” in German.

News broke in September of the company’s intentional deception regarding the emissions of its diesel engines. October sales were relatively flat, and dealers felt confident that they could weather the storm with VW’s support.

November, however, told a different story.

Volkswagen sales in the United States collapsed by 25 percent last month. Dealers had hoped that things would improve, Autoweek says,

But as Volkswagen drifts into a third month of a seemingly unbound scandal, that tone is changing and dealer frustrations are bubbling to the surface. The absence of a ready-to-go fix, plus continuing inventory shortages and the prospect of more new-car sales pain, is stirring angst and even anger in VW’s dealer network.

Falling sales are only part of the scandal’s continuing consequences.

Continue reading >>>

Volkswagen Scandal Deepens, New Offer Made to Owners

volkswagen_goodwill_program

Things aren’t getting any easier for Volkswagen.

When the diesel emissions scandal broke in September, the problem was limited to 11 million vehicles equipped with the company’s 2.0-liter TDI engine. That alone was a crippling blow to the company that some estimates said could top $18 billion in damages.

The situation hasn’t improved in the weeks since.

Volkswagen, at least publicly, has done very little to let customers know how it will proceed in fixing the affected vehicles. In the meantime, the U.S. government has accused VW of cheating on additional vehicles, and Volkswagen itself has found another 800,000 cars that are probably affected.

Continue reading >>>