US: Volkswagen might have to buy back older diesel cars image

The head of California Air Resources said in a newspaper that Volkswagen might have to buy back older diesel cars that are fitted with the illegal software.

Today is that day for Volkswagen when it has to present in front of the California Air Resources Board and the U.S. Environmental Protection Agency a viable solution for about 482,000 vehicles sold in the United States with diesel engines that emit over the limit. “I am personally hopeful we will be able to announce something soon about the remedies … and which we are discussing with the agencies in upcoming days,” Michael Horn, head of Volkswagen’s US operations, said at the Los Angeles Auto Show on Wednesday.

The CARB spokesman also confirmed that the agency’s head, Mary Nichols, told the German daily Handelsblatt that Volkswagen might have to buy back some of the older diesel models. “I think it is quite likely that they will end up buying back at least some portion of the fleet from the current owners,” the paper quoted Nichols as saying in an interview to be published on Friday.

Separately, U.S. Senators Ed Markey of Massachusetts and Richard Blumenthal of Connecticut on Thursday released a letter calling on the automaker to buy back diesel vehicles that don’t meet pollution standards. The lawmakers noted that Volkswagen had signaled it could buy back cars sold in Europe that have inaccurate carbon dioxide emissions ratings. “We additionally urge you to offer drivers the fair market value for these vehicles that was in place before VW’s illegal activity was made publicly known,” the lawmakers wrote.

Via Reuters