Originally Posted by RoadJager
MB is required to repair 85% of the vehicles. How does that not have "anything to do with the consumer"? Fines to the offender have never benefited the consumers directly. But indirectly they benefit consumers with cleaner air and as in the VW Dieselgate settlement, we got funding for electric vehicle charging stations across the states.
The devil is ultimately in the details of the actual judgement which I havenít seen. What is available are press releases. What we do know is this does not involve a buyback program. So if they fail to be able to fix it, what happens for consumers with a vehicle that will ultimately be flagged for non registration renewal? The estimate of repair cost is $450mm. That includes sedans impacted along with an estimated 250k Sprinters. $450mm/250k= $1744 (high est. since we donít know how many sedans are involved). It is reported that ~$800 can go to the original owner leaving $900 for me the second owner.
The absence of a buyback really lifts a big financial burden off of MB to resolve the issues. For VW on 600k vehicles it cost them $15B because of the fines and buyback. What was leftover was about $7k per vehicle. $7k to $1.7k doesnít give me warm and fuzzy this will end well. VW looked at the economics of $7.5k and made payouts, what will MB do if all they face is a $1.7k decision? This is how I conclude this doesnít really help the consumer.