VOLKSWAGEN REACHES SETTLEMENT ON 3.0L DIESEL VEHICLES

Volkswagen has reached a $ 290.5- million deal to settle claims in Canada covering 20,000 3.0-litre Volkswagen, Audi and Porsche diesel vehicles that were caught up in an emissions cheating scandal. The agreement was reached by Volkswagen and Canadian class counsel in consultation with the Commissioner of Competition. In addition to the proposed settlement, which is subject to court approval, Volkswagen Group Canada has agreed to pay a $2.5-million civil penalty. If approved, cash payments will be made to roughly 15,000 owners and lessees of model year 2013-2016 Volkswagen, Audi and Porsche 3.0L diesel vehicles who receive the recall for an emissions repair as well as an extended emissions warranty.