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
-
Revolutionary Hydrogen Storage Tank Design Could Propel H2 Deployment
Rather than storing hydrogen in a large cylindrical tank, Noble Gas has developed a conformal system
-
On Zeekr, the Price of EVs, and Lighting Design
About Zeekr, failure, the price of EVs, lighting design, and the exceedingly attractive Karma
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
