There is some possible good news for owners of Audi, Porsche, and Volkswagen models equipped with the 3.0L TDI V6. Bloomberg has learned from sources that Volkswagen and U.S. environmental regulators have reached an agreement on fixing and buying back vehicles with this engine.
The agreement gives Volkswagen the go-ahead to fix 60,000 vehicles with a software update, while the remaining 20,000 vehicles will need to be bought back because they would be too complex to fix. Avoiding the buyback of all 80,000 vehicles involved in this scandal will save Volkswagen about $4 billion.
"The Court has scheduled a status conference for November 30, 2016 to discuss the matter further. Until that time the Court has ordered that these discussions remain confidential," said Mark Clothier, an Audi spokesman, via email to Roadshow.
Aside from the court, Volkswagen still needs to reach agreements with owners of the 3.0L TDI V6 who have filed suit against the company and the Federal Trade Commission, which has sued Volkswagen for false advertising. Both groups are demanding that Volkswagen offer the buyback option to all owners.