3.0 Status conference Wednesday 11/30/16

[bird67]

Will the can get kicked further down the road? Or will we learn substantively the fate of the 85,000 3.0's in the US?
One possible hint comes from a Reuters business article about VW having to extend its line of credit, since it cannot raise money by issuing bonds without a better handle on its liabilities. We consumers think narrowly - what is the direct cost to VW of settling with us? - but there are layers upon layers of hidden costs at work. Maybe better to settle now if the cost of capital is higher without a settlement in place.
Sources had told Reuters in April that VW was hoping to return to the bond market as early as May of this year as it sought to replace the costlier bank borrowing.
At the time it decided against a such move. But VW is still looking to return to the bond market and once a settlement deal for its 3.0-litre diesel engines is approved by the U.S. court, it should be able to outline its emissions scandal liabilities in a bond prospectus, the sources said.

 

[HBarlow]

An interesting article.

If I absolutely had to guess my guess would be we won't know anything definite on the 3.0 cars for several more months.

 

[DrgRnnr]

Noooo don't say that Harvey. Just picked up 3 2012 Q7's!!! By the way wow, they are nice to drive.

 

[HBarlow]

Noooo don't say that Harvey. Just picked up 3 2012 Q7's!!! By the way wow, they are nice to drive.

Congratulations on your Audi purchase. Audis are great cars. They are comfortable and non-tiring for 600 mile days on the road at high speed or for zipping around town. I think you'll love it.

My wife bought a new Jeep Grand Cherokee Overland a few weeks before I bought my Audi. She wants to drive my Audi at every opportunity and slightly regrets she didn't buy an Audi also. Her Jeep is more plush, the driver ergonomics are nicer, the entertainment system is controlled by touch screen, but the Audi would run away and hide from the heavy Jeep in an acceleration contest at launch or highway speeds. Even my wife loves the acceleration provided by the little 3.0 liter TDI compared to her 3.6 liter Jeep V6.

The emissions issue delay is not a bad thing. Eventually VWAG and Audi engineers will develop a "fix" and get it approved by EPA . . . or they won't. I don't want a rushed solution and don't want to be among the first to have my car retrofitted if they get one approved. I've got a great car to drive and there is no reason to be in a hurry. So do you. If a fix is approved in a month or two I'll pay attention. I'll read every opinion I can find on it as well as what Audi has to say about it.

If after six months or so the fix turns out to be neutral to performance and fuel economy I'll probably have it done. If I have reservations I'll ignore it. I'm not going to accept a fix that reduces performance or economy for $5,000 or whatever it is.

 

[bird67]

Congratulations on your Audi purchase. Audis are great cars. They are comfortable and non-tiring for 600 mile days on the road at high speed or for zipping around town. I think you'll love it.

My wife bought a new Jeep Grand Cherokee Overland a few weeks before I bought my Audi. She wants to drive my Audi at every opportunity and slightly regrets she didn't buy an Audi also. Her Jeep is more plush, the driver ergonomics are nicer, the entertainment system is controlled by touch screen, but the Audi would run away and hide from the heavy Jeep in an acceleration contest at launch or highway speeds. Even my wife loves the acceleration provided by the little 3.0 liter TDI compared to her 3.6 liter Jeep V6.

The emissions issue delay is not a bad thing. Eventually VWAG and Audi engineers will develop a "fix" and get it approved by EPA . . . or they won't. I don't want a rushed solution and don't want to be among the first to have my car retrofitted if they get one approved. I've got a great car to drive and there is no reason to be in a hurry. So do you. If a fix is approved in a month or two I'll pay attention. I'll read every opinion I can find on it as well as what Audi has to say about it.

If after six months or so the fix turns out to be neutral to performance and fuel economy I'll probably have it done. If I have reservations I'll ignore it. I'm not going to accept a fix that reduces performance or economy for $5,000 or whatever it is.

Harvey, we're two peas in the same pod. I concur with both your posts.

 

[HBarlow]

Harvey, we're two peas in the same pod. I concur with both your posts.

Bird I think there are many of us who feel the same way. I see more and more fellow members speaking out now in favor or keeping their cars. Some have taken a few test drives in other brands and realized they don't like anything else on the market as well as their VW TDI. A few were fanatical TDI fans like myself who never wanted to drive an econobox.

 

[bird67]

Harvey, it's all about the fix, right? The 2.0 people have until 2018 to decide what to do, I suspect the 3.0 people would have a similarly drawn out decision window as part of the 3.0 settlement. If a fix is optional for us as with the 2.0 settlement, the smart play will be for us to wait for guinea pigs to report on how the fix affects performance if not longevity. We'll know more tomorrow, even if "more" means only knowing when the next date is set.

 

[quattrothatcould]

Porsche made a comment the other day stating that the unsold 2015/16 Cayenne diesels would be fixed and sold as CPO/used cars - wonder if that means they know the fix is going to be approved.

 

[Got Haggis?]

someone posted on reddit that the meeting on the 30th has been postponed

 

[jking11]

Still on the calendar

The date still shows tomorrow on the judge's calendar.

 

[nextelmatt]

The date still shows tomorrow on the judge's calendar.

New date: December 16, 10:00 a.m. It is now reflected on the court website.

 

[bird67]

Shocking. SHOCKING, I TELL YOU.

 

[SCEHAR]

Getting tired of this BS, I can tell my 09 TDI Touareg with 160,000 miles is going to need a HPFP soon and I don't want to spend the extra $1,000 to turn the car in for a buyback in 6 months!!

 

[ccbsecu]

This is total Bull Sh!t.

Give me $$ and I go away...how can it be this complicated...?

 

[k1xv]

I read that there are presently 1500 brand new Porsche Cayenne diesels in this country that Porsche cannot sell until they are "fixed". When "fixed", they will be at least one model year old. Therefore, Porsche will sell them as "used" vehicles. At very attractive prices.

 

[HBarlow]

Harvey, it's all about the fix, right? The 2.0 people have until 2018 to decide what to do, I suspect the 3.0 people would have a similarly drawn out decision window as part of the 3.0 settlement. If a fix is optional for us as with the 2.0 settlement, the smart play will be for us to wait for guinea pigs to report on how the fix affects performance if not longevity. We'll know more tomorrow, even if "more" means only knowing when the next date is set.

I agree. I fully expect a similar long drawn out process. You and I can wait and watch and make an informed decision when we know how the "fix" is working out for those that wanted to be first in line.

I would have been in no hurry on my current '09 TDI but it is on the threshold of needing a timing belt and water pump replacement plus a DSG service. I didn't want to spend $1500 - $2000 on it.

With nice low mileage 3.0 TDIs in the Audi platform we don't have to be in a hurry.

 

[atomicfront]

I read that there are presently 1500 brand new Porsche Cayenne diesels in this country that Porsche cannot sell until they are "fixed". When "fixed", they will be at least one model year old. Therefore, Porsche will sell them as "used" vehicles. At very attractive prices.

Why would they be sold as used? I have bought a motorcycle 3 years old as ne w before. As long as the dealer hasn't sold it or used it as a loaner car it is new.

 

[Dizzrah]

Touareg 3.0 TDI, not very happy.

Since the disaster, I have had to replace the complete SCR system including all components of the DEF pump, including the CAT, and DEF injector. This was over $3,000. I had to do this last June/July.

I went to the dealer expecting to only change out the DEF pump system, but it was found that the DEF injector was leaking, so that had to be changed also. Unfortunately for me the new injector was not backward compatible with my CAT, so the CAT had to be replaced/updated also. $$$$$$$

The customer appreciation cards I was gifted were blown on this repair as well as an additional $2,000+.

About two weeks ago I received a letter from VW stating that after discussions with the EPA the warranty had been extended on these parts and to send them the receipts for remuneration.

Really?

You have to wonder what is going on with the EPA, CARB and VW. VW, being forced to pay for repairs on the very system that is known to be deficient and will still be deficient after the repairs.

Don't get me wrong, I am happy to get some of my funds back back. But this is some stupid stuff.