"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs? Or
are they only going to pay out 2 or 3 billion and then say they are
done? Or are they going to pay many of themselves 100's of millions
each in bonuses because they suffer stress when they are sued?

On Sun, 26 Jun 2016 02:11:52 -0400, Micky
wrote:

"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs?

I think the government gets the rest.

On 06/26/2016 12:11 AM, Micky wrote:
"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs? Or
are they only going to pay out 2 or 3 billion and then say they are
done? Or are they going to pay many of themselves 100's of millions
each in bonuses because they suffer stress when they are sued?

VW will need to engineer a solution. To do that, they'll need to build a new "Michael Horn Engineering and Technology Center".
Obviously, the new MHETC will need to be equipped with the latest and greatest engineering and testing labs.
This new MHETC will cost 5 billion.

VW will distribute 5 billion in bonuses to the upper echelon executives for a job well done.

The remaining 200 million will be used to distribute a software update to the effected cars.

On 6/26/2016 2:11 AM, Micky wrote:
"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs? Or
are they only going to pay out 2 or 3 billion and then say they are
done? Or are they going to pay many of themselves 100's of millions
each in bonuses because they suffer stress when they are sued?


Another example of government taking advantage of their citizens misfortune.

On Sunday, June 26, 2016 at 8:42:11 AM UTC-4, Frank wrote:
On 6/26/2016 2:11 AM, Micky wrote:
"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs? Or
are they only going to pay out 2 or 3 billion and then say they are
done? Or are they going to pay many of themselves 100's of millions
each in bonuses because they suffer stress when they are sued?


Another example of government taking advantage of their citizens misfortune.

And AFAIK the details haven't been make public. VW will have to buy back
some of the cars. It's not clear if the $1K to $7K to owners includes
that, I suspect it doesn't, ie whatever cars they buyback is on top of
that.

Ed Pawlowski wrote:
On Sun, 26 Jun 2016 02:11:52 -0400, Micky
wrote:

"Volkswagen agreed to pay out $10.2 billion to settle a
lawsuit
brought by the federal government for cheating on
emissions tests.
The settlement will compensate owners of 482,000 vehicles
with
two-liter diesel engines that were programmed to turn off
emissions
measurement data outside of laboratory settings. The
automaker will
pay owners between $1,000 and $7,000 per vehicle and
promised to fix
the cars free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting
so little,
if there is 10 billion to be paid out and half a million
cars?

From those numbers, I get 20 billion to 1 million meaning
20,000
average payment. Do they expect 70 or 85% administrative
costs?

I think the government gets the rest.

don't they always : )

On 06/26/2016 12:11 AM, Micky wrote:
How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

Lawyers.

On Sun, 26 Jun 2016 08:15:41 -0400, Ed Pawlowski wrote:

On Sun, 26 Jun 2016 02:11:52 -0400, Micky
wrote:

"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The

I think this refers to the US federal govenment. Also sued for $3.7
billion by investors around the world.

And Norway's state pension fund was a big investor ($1.2 billion) and
I think they are filing their own suit.

But the one quoted above is the only one I've found for car owners,
not investors.

settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs?

I think the government gets the rest.

Good point. The US is entitled to some, part as a fine for violating
the law, and part to compensate everyone for the polluted air everyone
had to breathe, though I'm not sure what they would do with the money,
pay for research on how to treat people with lung diseases, subsidize
some air cleaning projects. It doesn't seem like all of that together
should be 70 to 85% of the total. but maybe Trader is right about
money for buying back the cars. I don't really think that would
account for the difference.

On Sun, 26 Jun 2016 12:57:19 -0600, rbowman
wrote:

On 06/26/2016 12:11 AM, Micky wrote:
How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

Lawyers.

Government. They get a percentage of money because of fines attached.
Owners be dammed.

On Sunday, June 26, 2016 at 2:12:05 AM UTC-4, Micky wrote:
"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs? Or
are they only going to pay out 2 or 3 billion and then say they are
done? Or are they going to pay many of themselves 100's of millions
each in bonuses because they suffer stress when they are sued?

US lawyers are cheap whores walking the streets. We need a violent overthrow of the states government and the arrest and execution of Bill and Hillary Clinton

On Sunday, June 26, 2016 at 8:15:49 AM UTC-4, Ed Pawlowski wrote:
On Sun, 26 Jun 2016 02:11:52 -0400, Micky
wrote:

"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs?

I think the government gets the rest.

US lawyers are cheap whores walking the streets. We need a violent overthrow of the states government and the arrest and execution of Bill and Hillary Clinton

On 6/27/2016 3:34 PM, Phuck Phuck & Phuck Attn at Law wrote:
On Sunday, June 26, 2016 at 2:12:05 AM UTC-4, Micky wrote:
"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs? Or
are they only going to pay out 2 or 3 billion and then say they are
done? Or are they going to pay many of themselves 100's of millions
each in bonuses because they suffer stress when they are sued?

US lawyers are cheap whores walking the streets. We need a violent overthrow of the states government and the arrest and execution of Bill and Hillary Clinton


Lawyers in a class action lawsuit may take a third but the government
may take it all.

On Monday, June 27, 2016 at 3:50:35 PM UTC-4, Frank wrote:
On 6/27/2016 3:34 PM, Phuck Phuck & Phuck Attn at Law wrote:
On Sunday, June 26, 2016 at 2:12:05 AM UTC-4, Micky wrote:
"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

From those numbers, I get 20 billion to 1 million meaning 20,000
average payment. Do they expect 70 or 85% administrative costs? Or
are they only going to pay out 2 or 3 billion and then say they are
done? Or are they going to pay many of themselves 100's of millions
each in bonuses because they suffer stress when they are sued?

US lawyers are cheap whores walking the streets. We need a violent overthrow of the states government and the arrest and execution of Bill and Hillary Clinton


Lawyers in a class action lawsuit may take a third but the government
may take it all.

Are there any lawyers that even have a claim to anything at this point?
Looks like VW immediately addressed this, worked out a settlement, is
about to make an offer. I don't see how any class action would have
any relevance at this point. VW initiated what they are doing so far,
not any lawyers.

On Tue, 28 Jun 2016 05:44:09 -0700 (PDT)
trader_4 wrote:

I don't see how any class action would have
any relevance at this point.

When and where did you get your law degree?

In article ,
Micky wrote:

"Volkswagen agreed to pay out $10.2 billion to settle a lawsuit
brought by the federal government for cheating on emissions tests. The
settlement will compensate owners of 482,000 vehicles with two-liter
diesel engines that were programmed to turn off emissions measurement
data outside of laboratory settings. The automaker will pay owners
between $1,000 and $7,000 per vehicle and promised to fix the cars
free of charge. (Jacob Bogage)"

How are they spending so much, or why are owners getting so little, if
there is 10 billion to be paid out and half a million cars?

Without checking, my guess is that the cost of the "promise to fix the car
free of charge" is included in the $10.2 billion, but not in the amount paid
directly to owners.