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
-
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
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
