Any hope VW had of avoiding a $10.03 billion payout to owners of its emissions-cheating diesel cars were dashed Monday, when the 9th Circuit Court of Appeals dismissed a number of the company’s objections to the settlement. The settlement, originally reached in 2016, is meant to appease the owners of nearly 500,000 polluting diesel vehicles.
In their judgement, the three-judge panel of the US Court of Appeals for the 9th Circuit said that the settlement, “delivered tangible, substantial benefits to class members, seemingly the equivalent of — or superior to — those obtainable after successful litigation, and was arrived at after a momentous effort.” All of which is to say that it seemed pretty fair to them.
So far, it looks like VW will be on the hook for as much as $25 billion. That number includes both government fines and the settlement above, in which VW agreed to offer owners of the 2.0 liter TDI vehicles between $5,100 and $10,000 in compensation on top of the vehicle’s buyback value … and that’s just in the US!
The matter seems to be far from settled, but it looks like a hilarious series of “F*** you!” verdicts are going to start getting handed to VW from international courts. What do you guys think? Has VW learned its lesson after the fines and the Pike’s Peak win, or is this just going to encourage them to cheat even more and try to make up for their losses? Let us know how you think it’s going to play out for VW in the comments section at the bottom of the page.
Source | Images: US 9th Circuit Court of Appeals, via Autoblog.