VOLKSWAGEN ANNOUNCES ENGAGEMENT OF KENNETH R.

FEINBERG TO DESIGN AND ADMINISTER

A CLAIMS PROGRAM RELATED TO THE TDI EMISSIONS COMPLIANCE ISSUE
Dec 17, 2015
Volkswagen announced today that it has retained attorney Kenneth R. Feinberg, ma
naging partner of The Law Offices of Kenneth R. Feinberg, PC, to design and admi
nister an independent claims resolution program to address claims related to the
2.0L and 3.0L TDI vehicles affected by the emissions compliance issue. Volkswag
en believes Mr. Feinberg will develop an independent, fair and swift process for
resolving these claims.
We are pleased to announce the retention of Kenneth Feinberg. His extensive expe
rience in handling such complex matters will help to guide us as we move forward
to make things right with our customers, said Michael Horn, President and CEO, V
olkswagen Group of America.
Mr. Feinberg stated that he will commence work immediately designing an independe
nt claims process that will meet claimants needs. He added that we hope to have a c
laims program designed as expeditiously as possible. In order to do so, we will
need the input not only of Volkswagen, but also vehicle owners, their lawyers, a
nd other interested parties.
Mr. Feinberg is a well-respected attorney with extensive experience managing hig
h-profile issues and many of the nation s most challenging legal matters. He was a
ppointed to two presidential commissions by Presidents Reagan and Clinton and ad
ministered several other significant programs. More information on Kenneth Feinb
erg can be found at http://feinberglawoffices.com/
Volkswagen continues to fully cooperate with the U.S. Environmental Protection A
gency (EPA) and the California Air Resources Board (CARB) as the Company works t
o develop approved remedies for the affected TDI vehicles as quickly as possible
. As the claims program is developed, Mr. Feinberg will consult these agencies f
or their input.