Ever since Volkswagen’s ugly Dieselgate scandal wafted into our lives last year, the world has been eagerly waiting for the automaker to present a resolution to its customers. Today, the brand went before a federal judge in San Francisco and submitted its strategy. VW’s plan? Buy the cars back.
After weeks of negotiating with the government, the manufacturer has reached a tentative agreement to buy back or repair nearly 500,000 diesel vehicles in the United States, each of which was equipped with illegal software meant to fool emission testing equipment. Affected cars include the 2008-2015 Volkswagen Jetta, Volkswagen Golf, and Audi A3; however, vehicles featuring the automaker’s 3.0-liter turbodiesel V6 — which was also found with the emissions-fooling “defeat device” — are not expected to be a part of the buyback at this time.
In addition, VW has agreed to set up a compensation fund for its diesel customers, the total value of which may reach more than $1 billion. To be clear, owners that decide to sell back their vehicles will still receive a cash payment, however the amount has yet to be announced.
“Volkswagen is committed to earning back the trust of its customers, dealers, regulators and the American public,” the automaker said in a statement. “These agreements in principle are an important step on the road to making things right. Volkswagen intends to compensate its customers fully and to remediate any impact on the environment from excess diesel emissions. As noted today in court, customers in the United States do not need to take any action at this time.”
Cars fitted with the defeat device can emit up to 40 times more nitrogen oxide than their specs sheets originally claimed, so to remedy the environmental damage, VW will also establish an a environmental remediation fund and commit substantial resources to promoting green vehicle tech moving forward.
Despite these developments, the Dieselgate scandal is far from over. The brand is still reshuffling its management structure, and the Federal Trade Commission recently filed a complaint in federal court claiming the company’s ironic “Clean Diesel” advertising campaign was intentionally deceitful and illegal.
Full details of the agreement must be submitted to the court by June 21.
Volkswagen’s newest EVs in China are making its American and European models look unusually conservative.
With Xpeng’s help, VW has introduced 800-volt charging and advanced urban driving assistance. The new VEGA technology package brings its locally developed vehicle platforms and CEA electronic architecture under one umbrella. Bloomberg reports that Volkswagen intends to update VEGA every three months. Western buyers can find pieces of that package, but not the whole thing in a Volkswagen.
BYD has launched the third-generation Qin Plus DM-i in China, and the first thing that caught my eye is its price. According to CarNewsChina, the plug-in hybrid sedan starts at 79,900 yuan, which is about $11,980. That’s an incredibly low price for a brand-new car, especially by US standards.
What’s even more impressive is the range. The Qin Plus DM-i can drive up to 137 miles on electricity alone, which should cover most people’s daily commutes without using a drop of gas. Once the battery runs out, the 1.5-liter engine takes over. Thanks to its 17-gallon tank and roughly 91 mpg with a drained battery, the combined range reaches up to 1,423 miles.
Apple won the PC market’s worst quarter, but that’s not the entire story. It won the race by stumbling less than everyone else.
PC makers shipped just 57 million computers worldwide in Q3, which might look good, but it’s a 21% year-over-year plunge (via Counterpoint Research). And despite Apple’s Mac shipments falling by 11%, to 5.6 million, its market share rose from 8.7% to 9.8%. How did that happen?