MBQ
Veteran Member
Skimmed a bit of the docs. Some clauses I like:
1. There is no escape for VW not paying for any of the buyback cars. Even if VW files bankrupcy, the 10 billion to pay for the cars will be set aside as the highest priority.
2. If an eligible car is not bought back upon request following the strict schedule, there is severe penalty for VW, like 2 grand fine PER DAY for the delay.
Uncle Sam put the hammer down quite heavy-handedly this time. There is no way VW could play any tricks on the buybacks.
1. There is no escape for VW not paying for any of the buyback cars. Even if VW files bankrupcy, the 10 billion to pay for the cars will be set aside as the highest priority.
2. If an eligible car is not bought back upon request following the strict schedule, there is severe penalty for VW, like 2 grand fine PER DAY for the delay.
Uncle Sam put the hammer down quite heavy-handedly this time. There is no way VW could play any tricks on the buybacks.