Volkswagen Settlement Agreement

Volkswagen will begin the transaction program as soon as the Court of Justice definitively approves the transaction agreements. Permission will not be granted until the fall of 2016 at the earliest. Currently, potential complainants in the class comparison do not have to go to Volkswagen or Audi or their dealers. Each class member receives a full notification of their rights and options (including the possibility of opting out of the transaction contract) if the Court grants provisional authorization for the proposed class comparison at a hearing scheduled for July 26, 2016. ratings on publishersMea in the US Volkswagen America Group (VWGoA), a wholly owned subsidiary of Volkswagen AG, employs more than 6,000 people in the United States and supports more than 1,000 dealership sites in 50 states. Volkswagen has more than 60 years of history in the United States, where VWGoA has more than 30 U.S. locations, including a LEED Platinum certified production facility in Chattanooga, Tennessee. The Chattanooga plant employs more than 2,500 people and supports suppliers who provide about 9,200 jobs. The factory produces the Volkswagen Passat and will start production of a new seven-passenger middle-class SUV at the end of 2016. Volkswagen is investing $900 million to expand its production space in the United States by producing the new SUV as part of Volkswagen AG`s plan to invest more than US$7 billion in North America from 2015 to 2019. The case is known as In Re: Volkswagen “Clean Diesel” Marketing, Sales Practices and Products Liability Litigation, MDL 15-2672, before the U.S. District Court for the District of Northern California in San Francisco before Judge Charles R.

Breyer. The following 2.0-litre TDI vehicles are included in the proposed 2.0L TDI billing program: VW Golf VW Golf VW Jetta VW Passat Audi A3 2013- 2015 2010-2015 20015 2012-2015 2010-2013; 2015 The proposed 2.0L TDI transaction agreement was implemented by Volkswagen AG, Volkswagen Group of America, Inc., Volkswagen Group of America Chattanooga Operations, LLC and Audi AG, who agreed to cover the administrative costs of the claims as well as the reasonable legal fees and fees of the applicants. Volkswagen has agreed to the appointment of a debt representative by the Court of Justice, which will verify customer claims to confirm that the claims management procedure is being carried out in accordance with the FTC consent order. After final approval of the class comparison, claims from class members who did not register in the class comparison are rejected. Resolution with U.S. States Separate agreements with the United States, The District of Columbia and Puerto Rico resolve existing and potential consumer protection rights, in accordance with national unfair and misleading acts and practices (UDAP) legislation affecting more than 534,000 2.0L and 3.0L DDI vehicles initially sold or leased in participating states and districts by September 18, 2015. They have been approved by Volkswagen AG, Volkswagen Group of America, Inc., Audi of America, LLC, Volkswagen Group of America Chattanooga Operations, LLC and Audi AG and Dr. Ing. h.c. F.

Porsche AG and Porsche Cars North America, Inc. Volkswagen will donate approximately US$583 million and US$20 million to the National Association of Attorneys General (NAAG) for use by attorneys general for consumer protection surveillance, training and enforcement, as well as reimbursement of costs and expenses related to this issue. Participating states are California, Florida, Illinois, New York, Pennsylvania and Texas.