Leadership Skills / Industrial Motors

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

By USA Today

Apr 21, 2016

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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.