A federal judge in California on Thursday said he would approve a $1.2 billion settlement between Volkswagen and the US authorities over the last 80,000 cars in the company’s emissions-cheating scandal. The development brought the scandal-plagued German auto giant a step nearer to closing the book on the ‘dieselgate’ affair, which rocked the company for … Read more
Volkswagen AG’s (VOWG_p. DE) dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal. U.S. District Judge Charles Breyer said the 650 U.S. dealers would be paid over 18 months, ruling the settlement “fair, reasonable, and adequate.” VW also agreed … Read more
Volkswagen has struck a deal with the US authorities over some 80,000 VW, Audi and Porsche cars with 3-litre diesel engines. The agreement is another step towards allowing the German car maker to put the emissions cheating scandal behind it. In June VW agreed to a $15bn (£12.1bn) settlement for another 475,000 vehicles affected by … Read more
Volkswagen AG (VOWG_p. DE), in another step to move past its costly diesel emissions cheating scandal, has agreed to pay $175 million to U.S. lawyers suing the German automaker on behalf of the owners of 475,000 polluting vehicles, two people briefed on the agreement said on Friday. In August, the lawyers in the class action … Read more