Volkswagen diesel owners hoping that they would get some kind of resolution on the dieselgate scandal on June 21st will need to wait another week. U.S. District Judge Charles Breyer has given Volkswagen an additional week to figure out the details. This time is to be able to finalize a plan with the Environmental Protection Agency, California Air Resources Board, Justice Department, and Federal Trade Commission.
Even with extending the deadline to June 28th, the July 26th date for a final judicial hearing on the proposed settlement was not pushed back by the judge. This means the period that the public will be able to comment has been cut from five weeks down to four.
Volkswagen owners need to keep in mind that this hearing is only for the 2.0-liter diesel vehicles. There are an additional 85,000 3.0-liter Audi, Porsche, and Volkswagen diesel vehicles that Volkswagen has no plan for at this time.
In the meantime, VW vehicles have continued to lose value, and dealerships are stuck dealing with the brunt end of the stick. It has been a long, tough road since mid-September and consumers and dealerships are just wanting an answer.
With nothing certain we can only go off of hearsay about what the remedy may entail. Word is that the plan will include: An option for owners to sell their diesel vehicles back to Audi and Volkswagen, if they so choose, plans to repair vehicles that owners wish to keep, compensation rumored at around $5,000 for owners of illegally engineered diesels, and a remediation fund to address environmental damage caused by the polluting diesels.
We have eight days to wait and see what will happen, and we hope that the judge will not extend it any longer. The owners of these vehicles deserve an answer.