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VW giving US$1,000 to car owners in emissions-cheating scandal

It's also offering cash and no-interest loans to 650 dealerships stuck with cars that can't be sold but are taking up space in their lots

Volkswagen will not sell the cars under investigation, which it admits were equipped with software that fooled government emissions tests, until it comes up with a way to fix them that regulators approve.


VOLKSWAGEN AG's (VW) goodwill offer of US$1,000 to the owners of cars caught in the emissions scandal comes as the company wages a behind-the-scenes effort to soothe another powerful constituency: its US dealers.

The German company is offering cash and no-interest loans