Mexican Media Brands
U.S. Judge Approves VW’s $14.7 Billion Diesel Settlement
U.S. District Court Judge Charles Breyer has approved Volkswagen AG’s $14.7 billion agreement to settle claims over 475,000 vehicles powered by 4-cylinder diesel engines that were rigged to evade emission standards.
#legal
Share
U.S. District Court Judge Charles Breyer has approved Volkswagen AG’s $14.7 billion agreement to settle claims over 475,000 vehicles powered by 4-cylinder diesel engines that were rigged to evade emission standards.
The package include as much as $10 billion to compensate owners between $5,100 and $10,000 each and either fix or buy back their vehicles. About 340,000 owners have already opted to join the program. VW also will pay $2.7 billion into an environmental remediation fund and $2 billion to fund national programs that promote zero-emission vehicles.
VW separately has agreed to spend about $2 billion more to compensate dealers and pay state-level fees. Yet to be resolved are similar emission cheating issues with 85,000 V-6 diesels sold by Audi, Porsche and VW in the U.S.
RELATED CONTENT
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
