As reported by Law360, Volkswagen and Porsche have agreed to pay $80 million to settle claims that they manipulated nearly 500,000 gasoline-powered Porsche vehicles to overstate their advertised fuel economy and obtain fraudulent emissions certifications in an attempt to make them seem more eco-friendly than they actually were.
Plaintiffs claim that Volkswagen AG, its luxury line Porsche AG and Porsche Cars North America Inc. deployed “creative engineering” manipulations that left Porsche owners with vehicles that experienced worse fuel economy than was promised and advertised, and that did not meet emissions standards.
Upon court approval, U.S. consumers will be included in the settlement if they owned or leased a gas-powered Porsche vehicle from model years 2005 to 2020. As part of the settlement terms, class members will be divided into three groups receiving payments: fuel economy, Sport+, and other class vehicles.
Payments for owners/lessees in the fuel economy group will range from $250 to $1,109 per vehicle, depending on length of possession and the vehicle’s revised fuel economy ratings. Owners/lessees in the Sport+ group will receive an automatic cash payment of $250. And, owners/lessees in the “other class vehicles” group, may receive up to $200 per vehicle, depending on how many claims are submitted.
Read the full article on Law360’s (subscription) website.
Learn more about the Porsche Emissions & Fuel Economy Complaints class action here.