Yesterday, Federal Judge, Charles Breyer gave preliminary approval to a settlement of the class action brought on behalf of the 475,000 purchasers and lessees of Volkswagen and Audi 2.0 liter diesel cars.  As you may remember Volkswagen had tampered with software used to measure emissions of the cars to make them appear to comply with EPA regulations. The class action is based upon false advertising and will result in payments of more than ten billion dollars to VW and Audi owners and lessees of the VW Beetle and Beetle Convertibles for the years 2013-2015, VW Golf & Golf SportWagens for the years 2010-2015, VW Jetta & Jetta Sportwagens for the years 2009-2015, VW Passats for the years 2012-2015 and Audi A3s for the years 2010-2013.  Consumers will have the choice of a buyback or to have their cars fixed in addition to payments ranging from $5,100 to $10,000 per owner.  It should be noted, however that presently VW has not obtained approval from either the Environmental Protection Agency (EPA) or the California Air Resources Board for proposed fixes to the vehicles and if those approvals cannot be obtained, Volkswagen will be required to buy back all of the affected vehicles.

The next court hearing at which final approval of the settlement could occur will be on October 18th.  If final approval is done at that time, payments could start immediately thereafter.

TIPS

For more detailed information about the settlement including charts to help you estimate how much you will receive if you purchased or leased one of the affected automobiles, go to the top of the page to the FTC Scam Refunds tab.