Volkswagen reaches 'substantial' settlement to buy back, repair cars

By USA Today

Apr 21, 2016

Get Plant Services delivered to your inbox Monday through Friday! Sign up for  Plant Services' complimentary Smart Minute (Monday-Thursday) and Smart Digest  (Friday) e-newsletters to get maintenance and reliability know-how you can put  to use today, plus the latest manufacturing news from around the Web, white  papers, and more. Learn more and subscribe for free today.

Volkswagen has reached a settlement in principle with the U.S. Environmental Protection Agency, California regulators, California attorney general's office and consumers over a plan to fix or buy back nearly half a million vehicles that violated emissions standards.

The deal includes "substantial compensation" for owners of cars powered by two-liter "clean diesel" engines that were fitted with software to cheat emissions tests, U.S. District Judge Charles Breyer said in a hearing from a courtroom in San Francisco.

Financial details of the offer, which is still being finalized, were not disclosed.

Read the full story on usatoday.com.

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments