" Once the repairs are approved, owners and lessees will keep their vehicles and each receive compensation ranging from $8,539 to $17,614. Former owners of the newer cars will each receive $4,269 to $8,807 in compensation. " Hot dang, even if you don't even own a Porsche Cayenne TDI anymore you may be eligible for significant financial payout.
Full Answer
How many monthly payments can I waive on a Porsche lease?
Porsche Financial Services may waive up to 12 monthly payments¹ of your current Porsche Financial Services lease when you lease or finance an eligible Porsche vehicle with Porsche Financial Services. Drive off in your new Porsche model, fitted with the latest technology, for a term that fits your budget and lifestyle.
What is financing with Porsche financial?
Financing through Porsche Financial Services means no mileage limitations on your vehicle, may include no up-front cash payment requirement, and keeps you in control of your vehicle’s future once payments are finished.
How do I get Out of my lease early with Porsche?
Receive a credit for up to 3 equivalent payments (up to $1,500 each) on your current lease. With those 3 payments (up to a total of $4,500), you're out of your old lease quickly and on the road driving your new Porsche. Not all vehicles qualify, please contact your authorized Porsche dealer for eligibility.
Which EcoDiesel vehicles are eligible for settlement?
Not all current and former owners and lessees of model year 2014-2016 Ram 1500 and Jeep Grand Cherokee vehicles equipped with the 3.0L EcoDiesel engine are eligible for compensation under the settlements.
How much did Porsche pay for diesel cheating?
Porsche to Pay a $600 Million Fine for Diesel Cheating. U.S. owners of diesel Porsches can still get repairs and can file for a cash settlement until the end of 2019. Porsche will pay $600 million in fines covering its involvement in the diesel-emissions scandal that first erupted in 2015 at parent company Volkswagen.
Why was Porsche fined?
The German government has fined Porsche nearly $600 million to resolve the sports-car and SUV maker's use of emissions-cheating diesel engines, according to a statement released by the Volkswagen Group.
What was the fine for BMW diesel emissions?
In February, prosecutors in Munich fined BMW $9.5 million for diesel emissions but did not find evidence of a VW-style defeat device in the 8000 cars they investigated. Daimler has also been under German investigation since February for possible emissions fraud.
Does Porsche still have diesel engines?
Porsche announced last year that it will no longer have diesels in its lineup. Owners of diesel-powered Porsche vehicles—in the U.S., that's just the 2013–2016 Cayenne diesel—can still file for damages until the end of this year and get repairs under recall.
When is VW diesel settlement hearing?
MORE INFO: VW diesel probe reaches to top; former CEO Winterkorn investigated. As for the V-6 diesel settlement, a hearing will be held February 14, after which time Volkswagen can notify owners of their rights under the settlement. This settlement must still be granted final approval by the court overseeing the case.
How much did VW settle for 2014 Audi A6?
Assuming every first-generation vehicle can be bought back and every second-generation vehicle can be successfully modified, VW estimates its total cost for this settlement at $1.2 billion.
What is generation 2?
So-called "Generation 2" vehicles from 2013 through 2016 are the Audi Q7 TDI SUV (sold 2013-2015), the Porsche Cayenne Diesel SUV (2013-2016), and the Volkswagen Touareg TDI SUV (2013-2016). Starting in 2014, the Audi Q5 TDI SUV and A7 TDI hatchback, and A6 TDI and A8 TDI sedans are added; all were sold through 2016.
What cars were bought back in 2009?
The 2009 through 2012 vehicles are limited to the Audi Q7 TDI and the Volkswagen Touareg TDI, both SUVs, called the "Generation 1" vehicles under the settlement. According to the details released this morning, the carmaker will buy back the 2009-2012 vehicles outright, or offer a trade-in credit on another vehicle from the same maker.
How much did VW pay for the fine?
Last month, VW agreed with the U.S. Justice Department to pay a criminal fine of $2.8 billion, and operate under the oversight of a court-appointed independent monitor for three years.
When did VW diesel scandal start?
The announcement ticks off another box off its lengthy list of problems stemming from the VW diesel scandal that erupted in September 2015.
When is the Cayenne diesel lease buyback?
The registration deadline to be eligible for the buyback in March 31, 2019.
When did Porsche start using diesel engines?
CEO Oliver Blume told German media that diesel technology has a place in transportation, but the automaker has went through too much even though Porsche didn't begin using diesel engines until about 10 years ago.
How much did VW lose in 2017?
The settlement agreement could mean another $1 billion loss for VW, adding to the $15 billion to be paid for illegal 2-liter vehicles. Then in early February of 2017, additional settlement details were released.
How many owners of 3.0 liter diesels were recalled?
The settlements were split into incentive packages for 2-liter and 3-liter diesel owners. On December 21, 2016, VW reached a settlement with 83,000 owners and lessees of 3.0-liter diesel models. " Under the proposed 3-liter diesel agreement, Volkswagen will be allowed to recall more than 75 percent of the illegal vehicles to fix them ...
Why did VW install a defeat device?
VW installed "defeat devices" in the diesel vehicles to manipulate the car's emissions output during emissions testing. The devices were discovered during a campaign to show consumers that diesel engines are an eco-friendly option. Whoops. VW has faced years of litigation, has settled for millions of dollars, and has even had to offer buy-back ...
Does the Cayenne TDI get a buy back?
While Cayenne TDI owners won't have a buy-back option, they will all get a government-approved fix that VW says won't affect performance. But that's not all they're getting: " Once the repairs are approved, owners and lessees will keep their vehicles and each receive compensation ranging from $8,539 to $17,614.
Will Cayenne diesel be recalled?
Details on that are pending. Eventually, the Cayenne Diesel will need to be recalled and fixed to meet EPA regulations. Generation 2 engines will be formally recalled at some point and will most likely receive a software update.
When is VW diesel settlement hearing?
MORE INFO: VW diesel probe reaches to top; former CEO Winterkorn investigated. As for the V-6 diesel settlement, a hearing will be held February 14, after which time Volkswagen can notify owners of their rights under the settlement. This settlement must still be granted final approval by the court overseeing the case.
How much did Bosch settle for?
I read separately that Bosch was settling for $327.5 Million to US owners. I think some sources have combined that number with the VW settlement number.
What is the generation 1 Audi?
The 2009 through 2012 vehicles are limited to the Audi Q7 TDI and the Volkswagen Touareg TDI, both SUVs, called the "Generation 1" vehicles under the settlement.
How many vehicles are there in Generation 2?
Altogether, they number about 20,000 vehicles. So-called "Generation 2" vehicles from 2013 through 2016 are the Audi Q7 TDI SUV (sold 2013-2015), the Porsche Cayenne Diesel SUV (2013-2016), and the Volkswagen Touareg TDI SUV (2013-2016). Starting in 2014, the Audi Q5 TDI SUV and A7 TDI hatchback, and A6 TDI and A8 TDI sedans are added;
How much did VW settle for 2014 Audi A6?
Assuming every first-generation vehicle can be bought back and every second-generation vehicle can be successfully modified, VW estimates its total cost for this settlement at $1.2 billion.
How much did VW pay for the fine?
Last month, VW agreed with the U.S. Justice Department to pay a criminal fine of $2.8 billion, and operate under the oversight of a court-appointed independent monitor for three years.
When did VW diesel scandal start?
The announcement ticks off another box off its lengthy list of problems stemming from the VW diesel scandal that erupted in September 2015.
Look up current diesel emissions modification status
To verify the current emissions modification status of a specific Porsche diesel vehicle, please enter a 17-character VIN (Vehicle Identification Number) below.
Diesel Emissions Settlement Program
For additional information on the Diesel Emissions Settlement Program and to view a full list of included Volkswagen TDI, Audi TDI & Porsche Diesel models, please click here.
Emissions Modification Process
If you own or lease an affected vehicle, you have the option to keep your vehicle and have an Emissions Modification performed at no cost (if the modification is approved by the Environmental Protection Agency (EPA) and the California Air Resources Board (CARB)). Learn more about the process here.
Approved Emissions Modification and Warranty Disclosures
When an emission modification receives approval from the EPA and CARB, current owners and lessees of the affected vehicles will be notified and informed via first class mail of any associated impacts to the vehicle, including the warranty information associated with the emissions modification.
What is the settlement of Fiat Chrysler?
These settlements resolve legal claims asserting that the vehicles do not comply with federal and state emissions regulations and that Fiat Chrysler made misrepresentations to consumers regarding the vehicles.
When is the deadline for a class action lawsuit on EcoDiesel?
On May 3, 2019 , the Court granted final approval of the EcoDiesel consumer class action settlement agreement and government consent decrees. The deadline for you to submit a claim depends on whether you are a current owner/lessee or a former owner/lessee of a Subject Vehicle. Status. Deadline.
How to schedule an appointment for a FCA approved emission modification?
Class Members can schedule an appointment to have the Approved Emissions Modification installed, either by contacting their local authorized FCA dealership or by calling 1-833-280-4748. Note: You do not need to submit a claim before getting the Approved Emissions Modification installed in your vehicle. You can schedule an appointment for the Approved Emissions Modification as soon as it is available and file a claim later.
Where to mail EcoDiesel claims?
Completed claim forms may be sent by mail to: EcoDiesel Settlement Claims PO Box 2960 Farmington Hills, MI 48333-2960.
Who are the defendants in the Fiat lawsuit?
Attorneys representing owners and lessees of these EcoDiesel vehicles, including certain automobile dealers not affiliated with Fiat Chrysler, filed class action lawsuits against Fiat Chrysler Automobiles N.V., FCA US LLC, VM Motori, S.p.A., VM North America, Inc., Robert Bosch GmbH, and Robert Bosch LLC, who are referred to as the “Defendants.” The people who sued are called the “Plaintiffs.”
Does the AEM change the driving characteristics?
The AEM is not expected to change any of the key vehicle attributes, such as average fuel economy, reliability, durability, vehicle performance, drivability, engine noise or vibration, or other driving characteristics. FCA updated the AEM disclosure in January 2020 to include additional details.
When is the claim portal closed?
The Online Claims Portal is Now Closed. The deadline for Current Owners and Current Lessees to submit a claim under the Claims Program closed on May 3, 2021. If you have an existing claim, you must finalize your claim and provide all of the necessary documentation by July 31, 2021.