Judge Gives Initial OK to Deal for VW Emissions Cheating
A federal judge in San Francisco has granted initial approval to a deal worth at least $1.2 billion that aims to compensate the owners of roughly 78,000 Volkswagens that were rigged to cheat on emissions tests.
U.S. District Judge Charles Breyer during a court hearing Tuesday congratulated attorneys for Volkswagen and car owners on reaching what he called a complicated deal for Volkswagens, Audis and Porsches with 3-liter diesel engines.
The company previously agreed to spend up to $10 billion buying back or repairing about 475,000 Volkswagens and Audi vehicles with 2-liter diesel engines and paying their owners an additional $5,100 to $10,000 each.
The 475,000 cars represent the bulk of the vehicles caught up in Volkswagen’s emissions cheating scandal.
The deal involving 3-liter engines that Breyer approved also offers thousands of dollars in compensation on top of buybacks or repairs.
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