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Feinberg: Volkswagen Will Offer ‘Generous Solution’ to U.S. Customers

Kenneth Feinberg, Generous Solution Quote

Kenneth Feinberg, the man behind Volkswagen’s claims fund, stated American VW TDI customers should expect an offer that will make them very happy in an interview published this weekend.

When asked by Frankfurter Allgemeine Sonntagszeitung (via Reuters) what he will offer the more than 500,000 Americans who own dirty diesels, he replied, “I can promise that there will be a generous solution.”

What that solution will be is anyone’s guess, including Feinberg’s.

“The jury is still out, and at the moment all options are up for debate: cash payments, buybacks, repairs, replacements with new cars,” he said.

The solution will likely include a mix of measures as there are different generations of the EA189 engine at the center of the Volkswagen diesel emissions scandal

Late last year, Volkswagen began its Goodwill Package program to help smooth over concerns in the short term. At the North American International Auto Show in Detroit, Volkswagen Group of American CEO Michael Horn announced that the company’s Goodwill Package program would be extended to owners of 3-liter diesel vehicles, and that some 265,000 owners had taken Volkswagen up on the offer to date.

For its part, Audi is offering a carbon copy of Volkswagen’s 2-liter Goodwill Package program, but has not extended that offer to 3-liter vehicles. Neither has Porsche.

Final measures, above and beyond the Goodwill Package program, are dependant on future decisions by the Environmental Protection Agency, said Feinberg.

“My hands are tied while VW and the authorities resolve their differences. The original time frame could be delayed.”

However, those looking for compensation due to possible effects on their health aren’t likely to get much from the Feinberg administered fund.

“I have not decided yet, but I am inclined not to accept such claims and to tell people they should sue if they want,” he said.

 

 

[Photo source: Flickr/Miller Center]

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