Volkswagen “Dieselgate” Cars Gathering Dust in Desert Lots

Volkswagen’s woes never seem to end after their disastrous brush with corruption; thousands of Volkswagen diesel cars implicated in the testing fiasco, bought back by Volkswagen as one option for their settlement with owners, are sitting in lots where they wait for the automaker to decide what to do with them. Volkswagen has a total of about 37 facilities in the United States where they are storing the diesel vehicles, including empty stretches of desert and a defunct paper mill.   Volkswagen's dieselgate fiasco has been one of the most infamous automotive scandals in modern times. After the German automaker was discovered to be using an emission defeat device with diesel cars sold around the world, it was hit with costs totaling more than $25 billion worldwide. Of that money, more than $7 billion has been spent buying back affected cars from the public; but where have they all gone? As part of the dieselgate settlement, owners could choose from three options to remedy their woes: Allow Volkswagen to modify the vehicle to become compliant with emission laws, terminate the lease on a leased vehicle, or simply sell the car back to Volkswagen for an agreed upon amount. The third option is what many owners and prospective entrepreneurs chose to do, earning back thousands of dollars due to the value of the affected vehicles plummeting for private sale. Click Here to Continue Reading

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