Mexican Media Brands
VW Said to Reach U.S. Settlement on V-6 Diesel Emissions
Volkswagen AG has reached deal to pay about $200 million to resolve emission cheating issues affecting its V-6 diesel engines in the U.S., a source tells Reuters.
#legal
Share
Volkswagen AG has reached deal to pay about $200 million to resolve emission cheating issues affecting its V-6 diesel engines in the U.S., a source tells Reuters. Details may be announced later today.
The agreement would raise to as much as $16.7 billion the amount VW will pay to settle claims about 80,000 of its V-6 and 475,000 of its smaller 4-cylinder diesels.
Last month Reuters said VW had reached a deal to buy back about 20,000 older Audi, Porsche and VW models with the V-6 diesels. The company will use a software update to fix 60,000 newer models.
Unresolved at the time was how much compensation VW would pay owners of vehicles with the larger engine. VW is paying affected 4-cylinder diesel owners between $5,100 and $10,000.
RELATED CONTENT
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
