VW settlement ruling in a week: Judge
NEW YORK: Volkswagen (VW) seems well on the way to get final approval on a proposed settlement in the emissions test scandal, but the judge in the case said at a court hearing on Tuesday it could take up to another seven days before his definite order.
A decision on the US$14.7 billion (RM61.7 billion) settlement affects hundreds of thousands of diesel cars sold by VW and its subsidiaries in the US.
Judge Charles Breyer, who gave preliminary approval to the settlement in July, praised it on Tuesday during a three-hour hearing in US District Court in San Francisco but said he wants to examine it one more time before he rules definitively. Robert Giuffra, a lawyer for VW, said during the hearing that owners of the cars have overwhelmingly accepted a settlement offered by the German automaker.
More than 339,000 owners of VW diesel cars with 2-litre engines have already registered to accept the compensation offered by the company, Giuffra said. The number of owners who have rejected the terms of the settlement is less than 1%.
The settlement has been offered to US customers who bought about 475,000 Volkswagen diesel cars equipped with 2-litre engines. Owners have until 2018 to make a decision on whether to accept the offer. – dpa