Volkswagen’s dieselgate scandal is nearing its close, as the 2.0-liter TDI engines are in the settlement process and now, according to reports, the 3.0-liter TDIs have an agreement in place.
This report comes from Bloomberg, who cites unnamed sources. According to the report, Volkswagen has reached an agreement in principal with the EPA and CARB. In this agreement, Volkswagen will partially dodge the buyback bullet as it’ll repair roughly 60,000 3.0-liter TDI-equipped Volkswagens, Audis, and Porsches, and only offer to buy back the roughly 19,000 units that are too complex to repair.
The report claims that Volkswagen getting away with not having to offer the buyback option on all affected models (like it did on the 2.0-liter models) will save the company $4 billion.
This deal is not official yet, so there is a chance that it will change between now and the Nov. 30 court hearing. There is also the chance that the judge may outright disprove of the agreement, though that is unlikely.
While this is a light at the end of the tunnel, there are still lawsuits pending from owners and the Federal Trade Commission. Additionally, both the owners and the FTC are calling for the buyback option to be available to all owners of 3.0-liter-equipped models.
We’ll continue monitoring this situation and let you know of any updates once they become available. Stay tuned.