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Monday, August 15, 2022

US judge approves Volkswagen emissions settlement

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A US federal judge has approved a 15 billion dollar (£12 bn) court settlement of most claims against Volkswagen over its emissions-cheating scandal.

District judge Charles Breyer signed the order in San Francisco, approving the largest car scandal settlement in American history.

About 475,000 owners of VWs and Audis with two-litre four-cylinder diesel engines will now be able to seek buybacks of their vehicles, starting next Tuesday.

Most of the owners are expected to sell their cars back to VW after the company acknowledged cheating on emissions testing.

In addition to having their cars bought back, owners can expect to receive payments of 5,100-10,000 US dollars (£4,100-£8,100).

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