(Reuters) - Volkswagen has taken parking lots to a whole new level in the United States and will not be emptying them soon.
Volkswagen AG (VOWG_p.DE) has paid more than $7.4 billion to buy back about 350,000 U.S. diesel vehicles through mid-February, a recent court filing shows. The German automaker has been storing hundreds of thousands of vehicles around the United States for months.
Volkswagen has 37 secure storage facilities around the United States housing nearly 300,000 vehicles, the filing from the program’s independent administrator said. The lots include a shuttered suburban Detroit football stadium, a former Minnesota paper mill and a sun-bleached desert graveyard near Victorville, California.
VW spokeswoman Jeannine Ginivan said in a statement on Wednesday that the storage facility in Victorville, California, is one of many “to ensure the responsible storage of vehicles that are bought back under the terms of the Volkswagen” diesel settlements.
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6 comments:
VW = JUNK
Trump needs to make the EPA back off their impossible standards, drop the VW lawsuits, and let these great mileage, low polluting cars out on the market.
Then abolish the EPA. They once did us good, now they just harm the economy for no good reasons.
THIS should increase their fuel mileage average.
Owned an 87 GTI and a 98 Golf. Engines last forever, but the electronics and parts for the engines are total crap. Radio in my 98 Golf lasted for only 8 months and VW would not honor the warranty on it. This was a problem with all their vehicles for that year. The VW Beatles had a problems with oil leakage with the 2005 and beyond models. Because of this and their lack of honoring their warranties, I have not purchased a VW since and plan to never buy one again. I now own Honda's and Toyota's. Never and a problem and when there was one they honored their warranty.
I know a fellow that has one. Gets 40 mpg and he got $6700 back from VW. Win win!
You = Idiot
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