Ruling on VW settlement keenly awaited
NEW YORK: A final decision was expected yesterday on a proposed settlement in Volkswagen’s (VW) emissions test scandal affecting millions of its diesel cars sold in the United States.
A decision on the settlement, negotiated by Volkswagen and numerous civil claimants, will be issued at 8am (11pm Malaysia) by Judge Charles Breyer of US District Court for the Northern District of California in San Francisco.
Breyer gave preliminary approval to the US$14.7 billion (RM62 billion) settlement in July, saying the deal is fair and reasonable after hearing US authorities, plaintiffs and Volkswagen make their cases.
Settlements with US prosecutors and dealers came later, increasing the sum to US$16.5 billion.
Affected owners are highly anticipating the announcement of the final settlement. Another US state said on Monday it would sue Volkswagen. Chris Koster, the attorney general of Missouri, said a claim had been filed against Volkswagen and its affiliates Audi and Porsche.
Missouri claims the carmakers violated its air quality laws by installing special software in a “flagrant” evasion of missions tests. More than 7,800 diesel cars in Missouri are affected by the scandal. Similar lawsuits have been filed by the states of Vermont, Maryland, Massachusetts, New York and Pennsylvania. Under the settlement Breyer is due to rule on, the German carmaker would spend up to US$10 billion buying back or repairing about 475,000 2-litre diesel cars from Volkswagen and Audi equipped with software that manipulated vehicle emissions during official testing. – dpa
... Commemorative 100 baht banknotes featuring the late Thai King Bhumibol Adulyadej are stacked at the Government Savings Bank head office in Bangkok, Thailand yesterday.