VW Canada Finalizes Emissions Compensation
Volkswagen Canada agrees to compensation package for TDI owners.
Roughly 105,000 VW TDI owners in Canada can expect to receive upwards of $5,000 in compensation in the coming year – once the proposed settlement is approved by Canadian courts.
Besides the proposed compensation package, TDI owners will be able to sell their vehicles back to VW Canada, trade them in, or get them repaired.
“Volkswagen’s primary goal has always been to ensure our Canadian customers are treated fairly, and we believe that this proposed resolution achieves this aim,” said Volkswagen Group Canada President and Chief Executive Officer, Maria Stenstroem. “We are working hard to earn back the trust of our customers, dealers and regulators, and today is an important step in that effort. We appreciate the engagement of the other parties to these agreements and thank our Canadian customers for their continued patience.”
The compensation package will cost VW over $2.1 billion.