Economy

Volkswagen says will buy diesel cars back if they are banned

Volkswagen says will buy diesel cars back if they are banned”

Volkswagen is trying to reassure German customers anxious about the future of their diesel cars by telling them they can trade in their new diesel if it is banned from the road by cities trying to meet air pollution limits.

A flag of a Volkswagen VW vehicle dealer is seen in Bochum, Germany March 16,2016.

"We intend to defend these claims robustly and are confident of a successful outcome", a Volkswagen spokesperson said, stating the software has not been proven illegal in the United Kingdom and many cars had been fixed.

English lawyers are bringing a series of allegations, including that VW manufacturers defrauded drivers, that "defeat devices" - engine management software created to mask pollution levels - broke European Union rules, that a VW software fix has caused other problems with cars and that drivers overpaid for vehicles. While diesel cars are heavily criticized for emitting nitrogen oxide, they spew out less Carbon dioxide than gasoline equivalents. Environmental groups have pressed cities with high pollution levels to impose bans and diesel sales have fallen in the wake of the negative news.

At its core VW brand, Volkswagen said its buyback offer applied to new diesels bought between April 1 and the end of 2018 and would kick in if the city in which the buyer lived or worked banned diesels within three years of the purchase.

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At Czech brand Skoda, the guarantee applies to cars bought between April 1 and the end of June, but will cover bans introduced within four years of the purchase date.

The Dieselgate scandal affected 1.2 million Audi, Seat, Skoda and Volkswagen vehicles in Britain, meaning the case could become the largest consumer action in United Kingdom legal history.

At the same time, Volkswagen said it was extending to the end of June incentives for customers trading in older diesel models for new ones.

Volkswagen admitted in September 2015 that it installed software in 11 million cars worldwide that reduced emissions of harmful nitrogen oxide (NOx) when it detected the vehicle was undergoing tests.

In Germany, where motorists expect to drive powerful cars on motorways with no speed limits, any restrictions will be unpopular.



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