Canadian 2.0L TDI Settlement Update – December 19, 2016
On December 19, Volkswagen announced that it has reached a proposed settlement with Canadian class counsel to resolve consumer claims in Canada related to the 2.0L TDI emissions matter, subject to court approval. The proposed settlement provides for cash payments to eligible owners and lessees, and many of these settlement class members will also have choices that may include vehicle buybacks, trade-in, emissions modification (if approved by regulators) and early lease termination.
Eligible settlement class members who wish to make a claim for benefits under the settlement do not need to take any action at this time. The period to submit a claim for benefits will not begin until after the proposed settlement receives approval by the Courts. More detailed information about the proposed 2.0L TDI settlement program including the settlement agreement and Court-approved notices summarizing its terms can be found at www.VWCanadaSettlement.ca