VW will pay just over $10 billion to either buy back the cheating diesel vehicles or repair them. Volkswagen says the $10 billion consumer settlement assumes that it will buy back all of the cars. The German automaker also has to pay governments $2.7 billion for environmental mitigation and spend another $2 billion for research on zero-emissions vehicles. As part of the settlement, VW must offer to buy back most of the affected cars, or terminate their leases. Volkswagen has agreed to settle consumer lawsuits and government allegations that it cheated on emissions tests by taking steps that will cost the company $14.7 billion.

Source: Fox News June 28, 2016 13:35 UTC