Porsche is gratified that the VW Group companies in the U.S. have reached proposed agreements to resolve outstanding civil claims regarding vehicles with 3.0L V6 diesel engines, including all Porsche Cayenne Diesel models. Details of the agreements are in the materials that Volkswagen Group of America released.
Regarding the Cayenne Diesel in particular, we will:
Recall and repair, free of charge to the customer, all Cayenne Diesel vehicles to bring them into compliance with the emissions standards to which they were certified, if an appropriate Emissions Compliant Repair is approved by U.S. regulators; and
Provide restitution payments to all eligible owners and lessees of Cayenne Diesel vehicles.
We will begin implementing the 3.0L V6 diesel settlement program as soon as the Court grants final approval to the settlement agreements. At the earliest, approval will occur in May 2017.
Porsche owners and lessees do not need to take any action at this time. Individual class members will receive extensive notification of their rights and the terms being offered to them (including the option to “opt out” of the settlement agreement), if the Court grants preliminary approval of the proposed class settlement. The preliminary approval hearing is scheduled to take place on February 14, 2017. More information about the proposed 3.0L V6 diesel settlement program can be found at www.vwcourtsettlement.com.
Combined with the proposed agreements announced in December 2016 with the U.S. Department of Justice (DOJ), the Environmental Protection Agency (EPA), and the California Air Resources Board (CARB), the principal issues associated with the Cayenne Diesel will be behind us. Of course, all these agreements remain subject to the approval of Judge Charles R. Breyer of the United States District Court for the Northern District of California, who presides over federal Multi-District Litigation (MDL) proceedings related to the diesel matter.
Porsche looks forward to continuing its cooperation with every relevant authority to recertify and retrofit all Cayenne Diesel models during the coming months.
