Pursuits
Porsche Drivers Fume: Where’s Our VW Diesel Payout?
The automaker has yet to settle with owners of its most luxurious brands.
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Volkswagen settled its diesel deception involving almost 500,000 U.S. automobiles, paying dearly to satisfy car owners affected by the emissions scandal. What it hasn’t done is make whole its very best customers—those who own its pricier brands, which nevertheless run on smog-spewing engines.
Anand Jobalia, a hotel and home developer in Daytona Beach, Fla., is still paying $1,300 a month on his 2014 Porsche Cayenne. The SUV originally cost $81,531. Now he can’t find a buyer willing to offer more than $42,000, including the Porsche dealership where he bought it.