Volkswagen to give out cash cards to calm down car owners

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In light of an emission scandal that profoundly impacted Volkswagen sales and credibility, reports say the German automaker giant is planning to give out prepaid cards to quell the increasing displeasure among those who have bought the company’s newer line of diesel cars.

According to a report by the NY Times, the company is looking to offer up to $1,250 worth of cash cards to those involved in the emission issue. The first prepaid card, which is worth $500, could be spent for anything. The second prepaid card, valuing between $500 and $750, could only be spent on Volkswagen dealerships. However, it is still unclear whether accepting the cash cards would mean waiving the right to take legal action.

The move came as more and more discontented car owners are filing lawsuit against the company. The plaintiffs are asking for compensation after a significant decrease in the resale value of the affected cars.

Volkswagen is currently under intense criticism after the U.S. Environment Protection Agency announced that the company intentionally equipped its diesel units with a device that could cheat standard emission tests. The automaker says it will set aside $6.7 billion for the recall of the affected cars, hurting its third quarter revenue with a 1.83 billion loss.

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