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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.
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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.
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