Volkswagen Settlement Regarding 3.0L Diesel V-6 Approved
VW to Pay More than $1 Billion to V-6 Owners
Volkswagen’s agreement to pay at least $1.22 billion to fix or buy back its V-6 diesel models is now official, as a federal judge gave the deal final approval. Reuters reports that U.S. District Judge Charles Breyer overruled all objections to the settlement, which he called reasonable and adequate, before approving it.
According to Reuters, Breyer also granted settlement approval to the company that played a role in developing the engines. Although the company admitted no actual wrongdoing, Robert Bosch Gmbh will pay $327.5 million to U.S. owners of the 3.0L diesel V-6, which was available in the Volkswagen Touareg, as well as vehicles sold by Audi and Porsche.
If you recall, Breyer was the same judge who approved the settlement regarding VW’s beleaguered 2.0L TDI I-4. All examples of that engine were bought back by the company, at a cost of more than $14 billion. Owners of the 3.0L TDI may opt to have their vehicles’ emissions systems repaired and will receive a settlement ranging between $7,000 and $16,000—if Volkswagen can figure out a fix for those vehicles “in a timely fashion,” according to Reuters.
Volkswagen’s diesel-emissions scandal has sent shockwaves through the automotive industry, forcing increased scrutiny of diesel vehicles that has driven at least one automaker to give up on the fuel for its passenger cars. However, Mazda remains committed to the CX-5 diesel, and a version of the Chevrolet Equinox will soon join the Cruze compact sedan in that company’s oil-burning lineup.