EU Says VW Promises 'Extra Guarantee' for Diesel-Car Owners
- VW will offer repairs to ‘certain parts’ for 24 months
- Consumer group BEUC says it’s all just ‘window dressing’
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European Union regulators, who have been struggling for months to make Volkswagen AG compensate owners of rigged diesel cars, said they reached an agreement with the carmaker to provide two years of repairs that are tantamount to an "extra guarantee."
Under the plan, Volkswagen will promise to resolve issues that might arise up to 24 months after diesel cars have been fixed, but still won’t make financial payouts. In talks with VW, the EU has unsuccessfully sought to make sure customers in Europe are treated like car owners in the U.S., who can receive as much as $10,000.