Mexican Media Brands
U.S. Appeals Court Upholds $10 Billion VW Diesel Settlement
A U.S. appellate court in San Francisco has upheld a deal in which Volkswagen AG spent $10 billion to compensate owners of 475,000 vehicles powered by 4-cylinder engines that had been rigged to evade emission limits.
#legal
Share
A U.S. appellate court in San Francisco has upheld a deal in which Volkswagen AG spent $10 billion to compensate owners of 475,000 vehicles powered by 4-cylinder engines that had been rigged to evade emission limits.
The three-judge panel rejected a complaint by a disgruntled VW owner who opted to retain the right to sue VW separately but also sought to challenge the compensation plan anyway. The court rules that he had no statutory right to intervene.
Under terms of the settlement, VW paid affected owners compensation and offered to buy back their vehicles or repair them. The plaintiff claimed the U.S. Environmental Protection Agency should have required under terms of the Clean Air Act that VW buy back all affected cars for their original purchase price.
RELATED CONTENT
-
Four Auto Companies Rank Among the World's Most Ethical
GM and Cooper Standard make the list for the first time, joining long-running honorees Aptiv and Cummins
-
Court Ruling Exposes GM to Punitive Damages Over Ignition Switches
A new ruling by the federal judge who presided over General Motors Corp.’s 2009 bankruptcy could expose post-bankruptcy General Motors Co. to a wave of costly punitive damage awards linked to the company’s defective ignition switches.
-
Bosch Targeted in Criminal Probe of VW Diesel Cheating in U.S.
Federal prosecutors in the U.S. are trying to determine whether Robert Bosch GmbH conspired to help Volkswagen AB—and perhaps other carmakers—rig their diesel engines to evade emission standards, sources tell Bloomberg News.
