The word is that the day may finally be upon us where Volkswagen announces it has made a deal in the ongoing diesel debacle. The deal is expected to cover all elements that it is going to take for Volkswagen to make things right by the EPA, Volkswagen owners, and the public at large. The final cost is expected to be in the billions.
While many are expecting the forthcoming announcement to be very bad news, there are plenty of opinions that say the company just wants this all to be over with, thus the deal is a positive. Insiders have reported the negotiations have been delicate and complex, and it covers penalties, repairs, recalls, and the future for Volkswagen in America.
The deal announcement comes on the mandate of San Francisco-based United States District Court Judge Charles Breyer who ipmposed a Thursday deadline for a settlement with the federal government and with vehicle owners in the United States.
As far as possibilities go, the regulatory fines alone could reach $18 billion. However, the actual amount imposed is expected to be much less than that. As far as the 600,000 or so cars that are affected by the modifications, it is tough to put an exact number prediction on that. Some reports are saying the company will buy back half a million cars. Who knows, but it looks like we are going to find out what happens very soon.
