Judge OKs nearly $15 bil­lion Volk­swa­gen emis­sions deal

Daily Freeman (Kingston, NY) - - NATION+WORLD -

A fed­eral judge ap­proved the largest auto-scan­dal set­tle­ment in U.S. his­tory Tues­day, giv­ing nearly a halfmil­lion Volk­swa­gen own­ers and lease­hold­ers the choice be­tween sell­ing their cars back or hav­ing them re­paired so they don’t cheat on emis­sions tests and spew ex­cess pol­lu­tion.

U.S. Dis­trict Judge Charles Breyer said the nearly $15 bil­lion deal “ad­e­quately and fairly” com­pen­sates con­sumers and gets the pol­lut­ing ve­hi­cles off the road as soon as pos­si­ble.

The Ger­man au­tomaker ac­knowl­edged last year that about 475,000 Volk­swa­gens and Audis with 2-liter, four-cylin­der diesel en­gines were pro­grammed to cheat on emis­sions tests. Un­der the agree­ment, own­ers can choose to have Volk­swa­gen buy back the ve­hi­cle re­gard­less of its con­di­tion for the full trade-in price on Sept. 18, 2015, when the scan­dal broke, or pay for re­pairs. In ei­ther case, Volk­swa­gen also will pay own­ers $5,100 to $10,000.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.