VW set­tle­ment rul­ing in a week: Judge

The Sun (Malaysia) - - SUNBIZ -

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

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