Volkswagen Agrees to Pay $14.7 Billion to Settle Diesel Scandal Claims in the U.S. - News Summed Up

Volkswagen Agrees to Pay $14.7 Billion to Settle Diesel Scandal Claims in the U.S.


The settlement does not include 3-liter Volkswagen diesel vehicles, which were fitted with another version of the cheating software. PhotoVolkswagen has agreed to pay nearly $15 billion to settle claims stemming from its diesel emissions cheating scandal in what would be one of the largest consumer class-action settlements ever in the United States. Affected Volkswagen owners are not bound by the settlement, and some may decide to press for better terms. The cash compensation offered to each car owner will range from $5,100 to $10,000, depending on their market value before Volkswagen’s public admission last September that its supposed “clean diesel” cars had been deliberately designed to cheat on air-quality tests. During emissions testing, the cars’ pollution controls systems were turned on, curbing toxic emissions at the cost of engine performance.


Source: New York Times June 27, 2016 22:41 UTC



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