Volkswagen reaches agreement in Canada involving 3.0L diesel vehicles.

Prior to the holidays, Volkswagen announced that the company reached a nationwide agreement in principle on the benefits that will be available in Canada for owners and lessees of affected 3.0L diesel vehicles:

• Cash payments for owners and lessees in possession of their model year 2013-2016 Volkswagen, Audi and Porsche 3.0L diesel vehicles who receive the recall for an emissions repair that will bring their vehicle into full compliance with originally certified emissions standards.

• Cash payments for owners and lessees in possession of their model year 2009-2012 Volkswagen and Audi 3.0L diesel vehicles, as well as additional options that include buyback, trade-in, early lease termination or a modification to reduce emissions, if such modification is approved by U.S. regulators.

• Cash payments for certain owners and lessees who no longer own or lease their Generation One or Generation Two 3.0L diesel vehicle.

A final proposed settlement agreement will be submitted to the courts in both Ontario and Québec for their pre-approval in the coming weeks.

A repair is available at authorized dealerships in Canada for the Volkswagen Touareg (model years 2013-2016), Audi Q7 (model years 2013-2015) and Porsche Cayenne (model years 2013-2016) 3.0L diesel vehicles.

Affected owners and lessees are being notified by mail of the recall. Additional notice will be provided when the recall launches in Canada for the Audi A6, A7, A8, A8L and Q5 (model years 2014-2016).