The $14.7 billion settlement also does not include another roughly 90,000 3-liter Volkswagen diesels, which had another version of cheating software. The average value of a VW diesel has dropped 19 percent since just before the scandal began. The settlement also includes $2.7 billion for environmental mitigation and another $2 billion for research on zero-emissions technology, the person said. The figure would be the largest auto scandal settlement in U.S. history and a huge step in Volkswagen's efforts to address the legal fallout from its admission that its vehicles were designed to fool emissions tests. How VW would repair the vehicles to bring them into compliance with clean air laws has not yet been finalized, the person said.

Source: ABC News June 27, 2016 21:52 UTC