$ 15 billion converted 13.6 billion euros will cost the exhaust affair in the US Volkswagen – a mega-punishment compared to what others pay carmaker in exhaust manipulations had , The Wolfsburg are also therefore fucked so hard because they have deceived the authorities and deliberately betrayed and because they walled at the beginning of the affair, rather than elucidate with.
But the punishment is all the more so draconian because Volkswagen is a thousandfold polluters because the approximately 475,000 cars dirty in the US with their fraud software the air and have endangered the health of US citizens. The US Environmental authorities EPA and CARB ride on these grounds their violent attacks on the carmaker. Only: The penalties and the conditions for reparation of the environment in the United States be of little
Because as a result of the comparison, the Volkswagen with the representatives. US plaintiffs effort, tens of thousands roadworthy cars, many are scrapped as good as new, easy. A large proportion of vehicles with fraud software can not be upgraded at a reasonable cost so that they comply with US environmental laws. they can be used so that no more.
However, an export to a country outside the United States is not even possible. “Products that do not comply with the laws of the United States in line, can not be easily exported. They are illegal and the problem can not be solved in this one it just out of the country provides,” said a person familiar with the settlement negotiations person in the United States with respect to the “world”. It does not matter whether the cars in question would comply with the environmental regulations in other countries or not.
VW has for many vehicles still no conversion solution
Volkswagen has still not submitted for a number of vehicles no technical solution for converting, which is accepted by EPA or CARB. If VW at the end can present no plan to retrofit, the accept US environmental authorities to run the cars must be disassembled, at worst, in the crusher. It may be thousands cars. Even if advance can be removed and reused many parts: Good for the environment is not. And if only because in the case of diesel gate probably comes for each product withdrawn from the market a new car on the road. And a lot of the pollution created during production of the vehicle.
With 15 billion dollars compared to VW is now once again significantly more expensive than in recent days accepted. The sum itself comes from the out of court settlement forth, which is now officially submitted evening before the Court in San Francisco.
Accordingly, VW is the largest part, namely 10 , $ 03 billion to pay (9.06 billion euros) to the owners of the affected cars. The money will be used to buy back the vehicles, their repairs and compensating owners. Owners who opt to return the car to VW get, depending on the age, condition and mileage for “world” information for their VW 12475-32867 dollars. Audi drivers get up to $ 44,176. In making use of VW and Audi customers for letting retrofit the car for free, there are for 5100-9852 dollars.
The compensation that will be paid in addition to the buy-back price, also depends on the age and value of the car. Owners also get a bonus of 20 percent of the vehicle value plus nearly $ 3,000. Maximum compensation may therefore be around 10,000 dollars in addition to the vehicle value.
Who has the affected car only leased, may terminate the contract prematurely and must ensure no penalty pay. In addition, each lessee receives half the compensation that would have been entitled to a buyer of the same model. The compensation thus moves 2550-5000 dollars.
In addition to the purchase price and the compensation received by the applicants and their full legal costs of VW refunded. The fees for the lawyers come to the Settlement Fund added
Not all VW customers their car back
if the sum of $ 10.03 billion is the maximum amount, when in fact all affected owners would return their cars. If some want to drive their vehicles, the cost of VW could be lower. It is not expected that all VW customers actually respond and return their car or leave convert. Callbacks can not be enforced legally binding as in Germany in the US. Moreover, the affected cars from VW not violated despite the use of fraud software in many US states against the environmental laws. Volkswagen has not returned 16.2 billion euros for the exhaust affair.
Another 2.7 billion dollars (2.4 billion euros) must VW to the environmental authorities EPA and CARB pay that finance with the money a fund that is designed to reduce oxides of nitrogen in the environment. The money will be paid over three years. to be administered this fund by former FBI Director Robert S. Mueller, who had been entrusted by the California District Judge Charles Breyer thus, reach an agreement in the more than 500 lawsuits filed around the VW exhaust scandal. With the money could include plants for environmentally friendly energy built or a network of charging stations will be set up.
Two billion euros the Wolfsburg-based group has also in the development of investing techniques that drive vehicles completely without harmful emissions. This could happen, among other things by the fact that Volkswagen at the US plant Chattanooga (Tennessee) builds production lines for the construction of electric cars. $ 603 million to get the US states. Several states had sued for the exhaust affair Volkswagen – as it had done (counties) and the US Department of Justice and several counties
The total package is on Tuesday morning (. local time) in California submitted by the three applicants. In addition to the US Department of Justice, representing the environmental protection authorities EPA and CARB, the Trade Commission Federal Trade Commission (FTC) and the representatives of the private Class Members will the court handed over documents. On Thursday there will be a brief hearing before Judge Charles Breyer, who will review the agreements then accurately.
For VW customers in Europe, the US comparison is without consequences
Less than a month later, on July 26, the court must then decide whether the comparison is fair and reasonable. However, the judge can only approve or reject completely the comparison, a change in the sums he can not get
Should Judge Breyer end of July to give its preliminary approval. – out of which all observers – have the Class Members about three months, to accept the settlement or opt out of the class action and to attempt to independently tackle VW to get more. Only after the deadline, probably the end of October, the agreement
would become final. For VW customers in Europe, the US Settlement has no impact. Outside the United States VW does not plan compensation for owners of affected cars. The vehicles are modified only in the context of callbacks that they comply with the emission limits. Consumer advocates have demanded that VW does not discriminate and should compensate the owners in Germany and the rest of Europe.
Also unaffected by the agreement in the US are the demands of investors, who feel informed too late about the exhaust scandal and have therefore filed for damages. Even in these cases threaten VW billion payments, especially as the Federal Financial Supervisory Authority (BaFin) has come to the conclusion that the former VW board has informed too late and thus deliberately to have manipulated the markets. The BaFin had therefore displayed the entire board. So far, however, and brands Chef Herbert Diess is determined only against the former Group CEO Martin Winterkorn.
The lawyer Andreas Tilp, numerous investors in their claims for compensation represents and has already filed a lawsuit over just under 3.3 billion euros, already demanding that VW sets aside more than the previously deferred € 16.2 billion. Tilp calculates that this sum will not be enough in view of the now closed in the US comparison. According to his calculations VW will need at least 5.485 billion euros in addition. Therefore, the prosecutor calls for an increase in provisions. That would again weigh heavily on the balance sheet of Volkswagen.
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