The class-action settlement agreement proposes using what is essentially the wholesale value of the vehicle at the time of sale, rather than the retail value.
This week, U.S. District Court Judge Charles Breyer at a hearing in San Fransisco, CA gave the preliminary approval of the settlement.
With the recent settlement, you might think the German automaker would reapply for certification on their diesel vehicles. But you would be wrong.
According to a Volvo executive, the cheat Volkswagen was using in their diesel vehicles was an 'open secret' for seven years.
This morning, Volkswagen and U.S. officials announced that a final settlement has been reached over the 2.0L TDI engine.
Your eyes may have just popped out of your head with this amount of vehicles.