COVID-19

Volkswagen offering payment relief, lease extensions to customers

The financial arm of Volkswagen is reaching out to customers to offer them payment relief.

Photo courtesy of Volkswagen AG

Jobless rates are soaring due to the COVID-19 outbreak and Volkswagen wants its customers' pocketbooks to feel less of a pinch during this trying time.

Volkswagen of America and Volkswagen Credit will defer payments for up to 90 days for existing VCI customers affected by the economic crisis. Additional payment assistance options for customers in good standing include:

  • Up to 90-day payment deferrals without fees (VCI will not charge any fees but finance charges will still accrue for non-lease accounts)
  • Lease extensions up to six months
  • Waiving past maturity fees in certain circumstances

Volkswagen and VCI are giving qualified new buyers the option of delaying their first payment for up to 180 days combined with zero-percent APR financing for up to 72 months for most new vehicles. The program is set to run through April 30.

"We know this pandemic has caused significant stress and worry across America, and is putting financial strain on millions of households," said Scott Keogh, CEO of Volkswagen of America. "We have a commitment to help our customers, our dealers, our employees and our communities in a time of crisis."

Volkswagen will launch an ad campaign in English and in Spanish to raise awareness of their new Community-Driven Promise campaign.

VW | Community-Driven Promise www.youtube.com

Volkswagen recently launched its 2020 Atlas Cross Sport and is set to bring its 2021 Atlas to market this summer. This week the company announced the new Basecamp accessory line for the Atlas.

Trending News

Nuts & Bolts

 
 

WWE logos are shown on screens before a WWE news conference at T-Mobile Arena on October 11, 2019 in Las Vegas, Nevada.

Photo by Ethan Miller/Getty Images

They're used to taking it to the mat, but this autumn, the stars of the WWE will be taking to the internet as part of a partnership with Hyundai to produce a 10-episode video series that features storytelling centered around the passion for enriching people's lives. "Drive For Better" will appear on WWE's digital platforms throughout the second half of the year.

"As an official sponsor of WWE, we are excited to be working together to share the personal stories of the Superstars and help put a smile on people's faces," said Angela Zepeda, CMO, Hyundai Motor America. "We both believe everyone deserves better and this series is representative of that."

"WWE and Hyundai's shared passion for supporting local communities truly makes this a rewarding partnership," said John Brody, Executive Vice President and Global Head of Sales & Partnerships, WWE. "We are extremely grateful to Hyundai for their commitment and hope this series will inspire people across the country at a time when it's needed most."

The first episode of the series features WWE Universal Champion Roman Reigns and his recent virtual visit with patients at the Children's Hospital of Orange County. It debuted in July and is posted on WWE's digital platforms and the Superstars' social media channels along with other episodes in the series.

The series is part of a larger partnership between Hyundai and WWE. The two brands have delivered custom content integrations across WWE's global media platforms throughout 2020. Hyundai is also the Co-Presenting Partner of WWE Clash of Champions on Sunday, September 27 and will receive weekly exposure in Monday Night Raw and Friday Night SmackDown programming throughout the month of September.

In addition to the episodic programming, the partnership will work to promote Hyundai Hope On Wheels during Childhood Cancer Awareness Month. Hyundai Hope on Wheels is a charitable organization that recently provided millions of dollars in grants to aid with COVID-19 testing.

Trending News

 
 

Southern California is one of the hotspots for pollution in the U.S.

Photo by Getty Images

California is the country's largest new vehicle sales market. It's also in the crosshairs of climate change activists fighting to change decades of regulations in an effort to improve the livelihoods of the state's residents while also benefitting the plants and animals that live in the state.

Governor Gavin Newson today issued an executive order requiring sales of all new passenger vehicles to be zero-emission by 2035. This means that the sales of gasoline- and diesel-powered vehicles will be banned in favor of battery electric (BEV) and hydrogen fuel cell (FCEV) vehicles.

That goal is poised to eliminate 35 percent of the greenhouse gas emissions and 80 percent of the oxides of nitrogen emissions from cars statewide, according to the State.

Data from the State shows that the transportation sector is responsible for more than half of all California's carbon pollution. Eighty percent of the that is from smog-forming pollution while 95 percent is from diesel emissions. The transportation sector includes passenger vehicles as well as shipping and other forms of mobility.

"This is the most impactful step our state can take to fight climate change," said Governor Newsom. "For too many decades, we have allowed cars to pollute the air that our children and families breathe. Californians shouldn't have to worry if our cars are giving our kids asthma. Our cars shouldn't make wildfires worse – and create more days filled with smoky air. Cars shouldn't melt glaciers or raise sea levels threatening our cherished beaches and coastlines."

The next steps include the California Air Resources Board developing regulations to mandate that 100 percent of in-state sales of new passenger cars and trucks are zero-emission by 2035. Additionally, medium- and heavy-duty vehicles are mandated to be 100 percent zero emission by 2045 where feasible, with the mandate going into effect by 2035 for drayage trucks.

The move to all-BEV and FCEV vehicles won't eliminate the pollutants spewed by vehicles purchased prior to 2035 or the purchase of used vehicles.

This isn’t the first time California has attempted to regulate electrified vehicles into popularity. Despite the state’s efforts, BEVs, FCEVs, and plug-in hybrid vehicles (PHEVs) are unpopular among buyers nationwide. Out of the 17 million vehicles sold in the U.S. in 2019, just 330,000 of them were plug-in electric cars (BEVs and PHEVs) with 80 percent of those being Teslas. Only 7,000 FCEVs were sold or leased during the same period.

Additionally, “the executive order directs state agencies to develop strategies for an integrated, statewide rail and transit network, and incorporate safe and accessible infrastructure into projects to support bicycle and pedestrian options, particularly in low-income and disadvantaged communities” according to a release by the Governor’s office.

Earlier this year, the California Air Resources Board has approved new regulations requiring truck manufacturers to transition to electric zero-emission trucks beginning in 2024.

Trending News