Audi to buy back 25,000 diesel Q7 models in U.S.: Der Spiegel

October 21, 2016 10:58 AM EDT

People walk past a Audi new Q7 car at the 13th China (Guangzhou) International Automobile Exhibition in Guangzhou, China November 20, 2015. REUTERS/Tyrone Siu


Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

FRANKFURT (Reuters) - Volkswagen's premium division Audi will buy back 25,000 diesel engined cars in the United States to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel said on Friday.

Audi representatives are in talks with U.S. authorities about fixing 85,000 cars which failed exhaust tests.

Preliminary discussions have revealed that around 25,000 older generation cars cannot be fixed and need to be bought back by the German carmaker, Der Spiegel said.

Audi declined to comment.

(Reporting by Edward Taylor; Editing by Elaine Hardcastle)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Add Your Comment