The Traderszone Network

Published in TZ Latest News 6 January, 2016 by The TZ Newswire Staff

Volkswagen likely to buy back 115,000 cars in U.S: German report

German automaker Volkswagen AG (VOWG_p.DE) assumes it will have to buy back about 115,000 cars in the United States as a result of the emissions scandal, a newspaper reported on Thursday. Without citing its sources, Germany’s daily Sueddeutsche Zeitung said the company expected it would have to either refund the purchase price of a fifth of the diesel vehicles affected or offer a new car at a significant discount.

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