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U.S. Judge “Strongly Inclined” to Okay VW Diesel Settlement
Charles Breyer, the U.S. District Court judge overseeing Volkswagen AG’s proposed diesel cheating settlement, says he is “strongly inclined” to approve the plan by Oct. 25.
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Charles Breyer, the U.S. District Court judge overseeing Volkswagen AG’s proposed diesel cheating settlement, says he is “strongly inclined” to approve the plan by Oct. 25.
In a hearing on Tuesday in San Francisco, Breyer also granted preliminary approval for a $1.2 billion VW settlement with its U.S. 650 dealers.
The diesel cheating settlement includes as much as $10.6 billion to fix or buy back 475,000 Audi and VW brand vehicles in the U.S. that are powered by 2.0-liter diesel engines. In either case, owners will receive at least $5,100 from VW.
VW says 336,600 owners have signed up for the settlement, 3,200 have opted out and about 500 have filed objections about the deal with the court.
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