michaelhorn
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Volkswagen may give money to owners of emissions-cheating cars
If you're one of the 11 million owners of a Volkswagen car that's part of the company's huge emissions cheating scandal, you might be getting some compensation for the vehicle's lost value. As reported by ABC News, Volkswagen US CEO Michael Horn (pictured above) testified today in front of a congressional subcommittee and said that the company might pay the owners of affected cars as a way to make up for the fact that resale value for those vehicles (and indeed pretty much any VW out there) is going to drop. However, Horn said that Volkswagen wouldn't be refunding customers money. The company also isn't planning to provide loaner cars for owners, as the affected vehicles are still safe to drive (even though they're releasing up to 40 times more than the EPA's acceptable standard).
