It looks like Europe won’t be getting anything like the $15 billion (RM60.4 billion) compensation package that Volkswagen is offering to its US customers to as settlement for the ‘Dieselgate’ scandal. VW CEO Matthias Müller was quoted telling German newspaper Welt am Sonntag that a similar settlement would be inappropriate and unaffordable, Reuters reported.
“We have a different situation here (in Europe),” he said, adding that while VW was on a solid financial footing, replicating the US deal in Europe would be tough for Wolfsburg to cope with financially. “You don’t have to be a mathematician to realise that compensation at arbitrarily high levels would overwhelm Volkswagen,” he added.
Last week, Europe’s Industry Commissioner Elzbieta Bienkowska called on the carmaker to also compensate European owners of its TDI diesel-powered cars, saying it would be unfair for them to be treated differently from US customers just because of a different legal system.
Müller, formerly Porsche boss before he took over the VW helm from Martin Winterkorn, said he had spoken to Bienkowska in Belgium this week about his views. “In the US the (emission) limits are stricter, which makes the fix more complicated. And taking part in the buyback is voluntary (for customers), which is not the case in Germany, for example,” he said.
Because the US authorities want as many cars to be bought back as possible, VW also has to offer customers incentives, meaning the situation is not comparable, Müller explained. So, if European owners aren’t getting any compensation, it’s safe to count out every other region as well.
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Nice to me American! Captain America no play play.
???
Were there any American owners who suffered any personal loss due to this dieselgate? If the answer is ‘no’, then there shouldn’t be any personal compensation to any American owner.
P1 no need to recall, not malu like dieselgate
Inb4 ini semua salah P1/ BN/ Gov/ Na… oh wai this in EU. Cannot persoal them foreign overlords business
I see what they did there. So tak kata can oso use this loophole to compensate ONLY hypocriteland, and if countries like MY, Jepunis, EU wanna claim recall and compensation, these jepunis overlords can says “We have a different situation here”, “You don’t have to be a mathematician to realise that compensation (& replacement) at arbitrarily high levels would overwhelm Jangan Kata,”.
Like this foreign overlords winliaolor!
US’s consumer rights are stronger than EU’s! let’s see what’s Euro-NCAP will say about this b unfair practice by VW!
“You don’t have to be a mathematician to realise that compensation at arbitrarily high levels would overwhelm Volkswagen”…. Obviously VW also didn’t need mathematicians to figure out the profit of cheating the regulatory bodies and consumers.
Inb4 RBAs says ini mesti semua salah BN Gov crony korup tak pentingkan rakyat-rakyat EU… oh wai
Can we ban this imbecile called john?
I thought who, just a captain of foreign overlord
His nick is apt cuz he just blindly follow orders from his overlords, never persoal whether gud or bad.
We shud be like Ironman instead.
Agreed with you CA. This fella spouting nonsense where the topic here is clearly about Volkswagen. Totally unrelated. Goons like john are bring the quality of comments here to his brain level.
Then can we oso ban those imbeciles who bash P1 at any and every irrelevant topic? Oh wait, forgot cannot persoal macai bashers cuz ONLY they r right, yeah?
It’s nothing to do about differing consumer rights. VW sells a LOT of cars in Europe. It’s roughly 10 times the American numbers if not more. Compensating them will effectively cripple the company and cost thousands upon thousands of jobs all over the world.
This is why European legislators are threading carefully as it is a very dicey situation for all parties involved. They wont be let off without a reasonable payout though.
Avoid VW cars for the next 10 years at least. They are gonna heavily cut the cost per unit on their cars which mean the products are most likely going to be inferior to the current batch of cars.
If VW fairly compensating to ALL THEIR CUSTOMERS will be detrimental to their survival (and jobs worldwide) therefore they wun compensate, so can takata oso say replacing ALL THE AIRBAGS in the affected cars will be detrimental to their survival (and jobs worldwide) therefore wun replace their kirrer bags?
Same-same no problem, right?