Volkswagen AG executives in the United States have promised restitution within a month for American franchise dealers damaged by the carmaker’s diesel emissions violations, The Wall Street Journal reports.
A senior American executive from Volkswagen made the pledge at a meeting with over 150 dealers from the northeast at a hotel in New Jersey, the paper said citing dealers.
The meeting was reported to be the first in a series of similar gatherings that the German automobile maker is having to inform dealers about how it plans to roll out a $15 billion settlement related to the scandal.
The program affects nearly 500,000 tainted diesel vehicles on the road and another 12,000 that dealers are unable to sell, according to the report.
No offer has been made to UK customers to compensate them in the same way as buyers in the US, but now MPs are pressing the UK Government to take action against Volkswagen in Britain to compensate British buyers and penalise them for the deceit over models they sold here with the illegal engine management software fitted which the company says is being changed.