HALISTER: VW Promises Compensation to U.S. Dealers on Diesel Engines: DJ

VW Promises Compensation to U.S. Dealers on Diesel Engines: DJ

(Bloomberg) -- Volkswagen promised compensation to hundreds of U.S. dealers affected by diesel cheating, Dow Jones reports, citing unidentified dealers who met a management board member of co.’s U.S. unit Friday.
  • June’s $15b settlement includes buyback, repair of ~500,000 diesel vehicles sold in U.S., additional 12,000 not sold by dealers; program may start in Oct., run through Dec. 2018
  • Volkswagen declined to comment to Dow Jones on agreements with U.S. dealers
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VOW GR (Volkswagen AG)

To de-activate this alert, click here

UUID: 7947283