Other lawsuits and probes remain ongoing, including in Europe, where 2.7 million Volkswagen vehicles are affected. Volkswagen will also pay $2.7 billion for an environmental remediation fund, and another $2 billion to be invested in promoting so-called zero-emission vehicle technology, court documents show. ENLARGE A hearing to approve Volkswagen’s settlement has been set for July 26. Nevertheless, European officials, consumer groups and plaintiffs’ attorneys say Volkswagen should compensate European victims to regain customers’ trust. Volkswagen will repurchase vehicles at their September market value before regulators disclosed the auto maker’s emissions-cheating.

Source: Wall Street Journal June 28, 2016 12:39 UTC