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In the summer of 2015, Volkswagen surpassed Toyota as the world’s largest automaker. A few months later, it was revealed that VW cheated on emissions testing software in nearly 11 million cars worldwide for their supposedly clean diesel vehicles. The news resulted in the company’s market value being cut down by a third. The scandal also had local auto sales teams scrambling to make ends meet and some believe buying a diesel may be in jeopardy.
In Germany investors are suing VW for nearly $9 billion, that’s on top of the $46 million lawsuit by the U.S. justice department. Besides simply not selling anymore new diesel vehicles, VW hasn’t actually addressed affected cars already bought by Canadians under false pretences. In the U.S, Volkswagen offered to buy back the cars, fix them or hand out up to $10 000 in additional compensation.
