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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

Published Tue, Nov 10, 2015 · 09:50 PM
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Washington

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 to its roughly 650 dealerships that are stuck with cars that can't be sold but are taking up precious space in their lots. It is also encouraging dealers to offer pre-scandal prices on trade-ins and promising to make up the difference in value.

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