Rul­ing on VW set­tle­ment keenly awaited

The Sun (Malaysia) - - SUNBIZ -

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.

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