Volkswagen AG will pay $1.2 billion compensation to dealers in the US

Volkswagen AG will pay $1.2 billion compensation to dealers in the US

August 30, 2016 0 By autotimesnews
Inform agency «Reuters» reported, referring to its own sources, that the German concern Volkswagen AG agreed with its dealers in the United States to pay compensation.
According to the agency, officials of Volkswagen AG agreed with the 650 dealer centers in the US to cover expenses related to “diesel scandal.” As the representative of the agency notify, so far no official statements regarding the achieved agreements have been made, but representatives of the group announced the decision at the next hearing in federal court in San Francisco.
Then will be known and the exact amount of compensation and the details of the agreement with the dealers. The next court hearing on the case of diesel scandal scheduled for the end of September this year.

“We believe this agreement with Volkswagen dealers very important step in our goal to do everything right for our shareholders in the US. Our dealers – our partners, and we appreciate their commitment to the brand Volkswagen », – said the president of the group in the US Hinrich J. Woebcken.

In recent months, the cost of German automaker to resolving all the consequences of the scandal is constantly increasing. In the company continues to charge huge penalties in different countries.