A federal judge called for Volkswagen to compensate its US franchised dealers for the alleged $1.85 loss in value related to fallout from the company's diesel emissions scandal. The agreed $1.6bn settlement followed negotiations between Volkswagen and its dealerships after the car maker left them out of its initial settlement for 2.0 litre TDI cars. An average payout of $1.2bnm to each of Volkswagen's 652 US franchised dealerships will be made over the next 18 months, with half paid up front, according to Hagens Berman, the law firm representing the dealers in the case.
A federal judge called for Volkswagen to compensate its US franchised dealers for the alleged $1.2bn loss in value related to fallout from the company's diesel emissions scandal. The agreed $1.6bn settlement followed negotiations between Volkswagen and its dealerships after the car maker left them out of its initial settlement for 2.0 litre TDI cars. An average payout of $1.85m to each of Volkswagen's 652 US franchised dealerships will be made over the next 18 months, with half paid up front, according to Hagens Berman, the law firm representing the dealers in the case.