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Astronuc said:VW emission recall could be the most expensive ever
http://finance.yahoo.com/news/vw-recall-could-be-the-most-expensive-ever-194521326.html
VW has already set aside $7.2 billion to deal with recalls, fines, litigation and other costs resulting from what appears to be a deliberate effort to deceive regulators and customers, however, the cost could be twice as much or more.
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Offer to buy back vehicles. This could be very expensive, but it might be the most thorough way to earn back the trust of VW customers -- and placate regulators. And there’s precedent. Fiat Chrysler (FCAU) recently negotiated a deal with the government involving fire-prone vehicles from 1993 to 1998, which required the automaker to offer to buy the affected vehicles back from customers at market price plus 10%. Other Fiat Chrysler recalls negotiated as part of the same deal include discounts up to $2,000 (on top of any other offers) on new Fiat Chrysler models for owners who trade in one of the qualifying recalled vehicles.
VW must be looking at the cost of the US market vs future liability and the weighting the possibility of a complete US buy back costing less in the long run while they concentrate on the massive EU market problems they have.
