VW to Start Diesel Buybacks
Volkswagen will begin buying back its 2.0L diesel models following approval Tuesday of a $14.7 billion settlement by a federal judge. The automaker expects to complete the process by the middle of November, a spokeswoman said.
SAN FRANCISCO — Volkswagen will begin buying back its 2.0L diesel models following approval Tuesday of a $14.7 billion settlement by a federal judge. The automaker expects to complete the process by the middle of November, a spokeswoman told F&I and Showroom.
To help manage the process, the automaker will hire 900 people to handle the buybacks, including one at each of its U.S. dealerships, said spokeswoman Jeannine Ginivan. So far, more than 340,000 owners have registered for the program.
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