Volkswagen has taken parking areas in the USA to a whole new level – and will not empty them soon.
Volkswagen has paid more than $ 7.4 billion for the repurchase of around 350,000 US diesel vehicles by mid-February court records show. The German automaker has been storing hundreds of thousands of vehicles around the United States for months.
Volkswagen has 37 secure storage facilities in the United States housing nearly 300,000 vehicles, the independent program administrator said. The properties include a closed suburban football stadium in Detroit, a former paper mill in Minnesota and a sun-bleached desert cemetery near Victorville, California.
"These vehicles are interim stored and routinely maintained to ensure their long-term performance and quality so that they can be re-commercialized or exported as soon as US regulators approve appropriate emissions modifications
In all, VW has agreed to spend more than $ 25 billion in the United States on claims by property owners, environmental agencies, states and traders and offered to repurchase about 500,000 polluting American vehicles. "The repurchases will continue until 2019.  According to the court, Volkswagen had bought back 335,000 diesel vehicles, sold 13,000 vehicles, and destroyed some 28,000 vehicles by December 31. By the end of last year, VW had stored 294,000 vehicles.
By June 2019, VW will need 85 percent of the vehicles bac buy or have it repaired or expect higher emission taxes.
The company said in February it has repaired or repaired nearly 83 percent of its covered vehicles and expected to meet the requirement soon.
By mid-February, VW has 437,273 letters with nearly $ 8 billion in compensation and repurchases
In April 2017, Volkswagen was sentenced to three years' probation after pleading guilty to three counts and paying $ 4.3 billion in federal penalties , The automaker admitted in September 2015 to circumvent the emissions control system in US diesel vehicles for vehicles sold since 2009, resulting in the resignation of the company's CEO.