Even though the settlement hasn't gotten final approval, a majority of owners have signed up for it
The settlement between the U.S. Government and Volkswagen still has to be approved by a federal court judge, but we're already getting some indications of what owners are planning to do when it is approved.
Car and Driver got their hands on a memorandum filed at U.S. Federal Court in San Francisco by Lieff Cabraser Heimann & Bernstein - the firm representing owners in the case. The memorandum argued for the deal to get final approval - ahead of an October 18th hearing. But this memorandum also revealed some staggering numbers. At the time Car and Driver wrote their story, more than 311,000 owners - about 65 percent of the total 475,000 vehicles eligible - have registered for the settlement benefits. This is surprising since there is no deadline at the moment and deal hasn't been approved.
The firm said in the memorandum the level of response for the settlement “a landslide referendum in favor of settlement approval, by any standard.”
Owners who have signed up have the choice of either having Volkswagen buy back the vehicle at a value before the scandal broke or having the vehicle if and when a fix is approved. No matter which option is chosen, Volkswagen will also hand out additional money.
Source: Car and Driver
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