Volkswagen to buy back diesel cars in case of German bans
Volkswagen’s offer comes after a German court ruled last month that cities are allowed to ban diesel-engine vehicles, and amid a continuing slump in demand for vehicles with the engine type.
Volkswagen’s namesake brand will offer to buy back new diesel cars at the vehicle’s current value from customers affected by driving bans.
The offer will be available for cars purchased between April and the end of 2018 and is valid for three years from the date of purchase, Volkswagen said.
It will only apply to customers who then buy from the same dealership a new or year-old vehicle which isn’t affected by driving restrictions, the company said.
At Volkswagen’s premium car maker Audi, the offer will be valid for leased vehicles and allow clients to terminate their lease early, it said.
Volkswagen said its Volkswagen commercial vehicle, Volkswagen, Audi, Seat and Skoda brands will extend until the end of June an incentive program for buyers who trade in an older diesel-engine vehicle for a new one. ■