You are correct, and I owned more than one Honda that fell under this. It was a real issue for the leasers, who were charged for over mileage. That was a debacle, and they came through it like VW and anyone else caught "cheating".

 

I would hate to someone who was in the midst of getting a new car and attempting to unload a VW diesel right now.
market value must be in the toilet.

also makes wonder about all those sign then drive leases they were giving away over the last few years.
I wonder how they were structured?
If folks didn't read their leases, they might be on the hook for the diminished value.

 

They say that they will deliver new software to resolve the cheating issue, but then they have committed a fraud to the consumer. This is a bottomless can of worms.

 

 

Assuming that the software patch works and causes the emission controls to work properly, the owners will be stuck with cars that don't perform as promised or deliver the fuel mileage as promised.

I'm sure that there is going to be a massive class action suit. The problem with class action suits is that the lawyers generally benefit and the owners walk away with very little. And the guilty company gets what amounts to a mere slap on the wrist.

 

Levi

 

me too, to my sorrow.

 

Looks like renault has gotten sucked into the emissions testing scandal as well.

http://www.businessinsider.com/renau...crushed-2016-1

you had to know the net would be cast wide and far.

 

The WSJ had an article yesterday that the regulators have rejected VW's proposed fix.

 

Ex-VW Exec Sentenced To 7 Years In Jail For Dieselgate Cover-up

So VW exec going to the big house for 7 years.
I honestly wish that board members and corporate leaders would get time for known wrong doing.