Volkswagen to buy back 5 lakh defeat device equipped cars
Volkswagen AG has also offered to set up a compensation fund for owners
Volkswagen AG has reached a settlement with the concerned U.S. authorities for its involvement in the ongoing emissions scandal. As a part of the deal, Volkswagen is offering to buy back around five lakh defeat device equipped diesel cars. The carmaker has also agreed to set up a compensation fund for owners.
According to reports, Volkswagen AG is likely to tell a San Francisco federal judge on April 21, 2016 that it will buy back half a million of its diesel vehicles which emit more Nitrogen Oxide (Nox) than legally permitted. The...
Volkswagen chief executive Herbert Diess said it is "impossible" to speed up the German carmaker's electric transformation because of the complexities and investments involved.
Volkswagen India will roll out the subscription-based ownership model across Delhi-NCR, Mumbai, Pune, Ahmedabad, Bangalore, Chennai and Hyderabad initially.