25 Oct '16, 6pm

$15 billion settlement approved after Volkswagen emissions scandal

$15 billion settlement approved after Volkswagen emissions scandal

After Volkswagen Group cheated emissions tests utilizing software, they were slapped with multiple lawsuits . Today Judge Charles Breyer, a federal judge at the U.S. District Court in San Francisco, approved a settlement of nearly $15 billion. In the history of the United States, this is the biggest automotive scandal settlement ever. The historic settlement is between Volkswagen Group , vehicle owners, California regulators, and the government. Under the settlement, Volkswagen will buy back vehicles from 475,000 U.S. owners of 2-liter VW and Audi cars or provide a repair if such a fix is approved by the Environmental Protection Agency (EPA). Hundreds of employees have been tasked with handling buybacks. Owners can also obtain payouts from $5,100 to $9,852 if they choose the repair. Related: VW promises $14.7 billion to U.S. owners of cars affected by emissions cheating sc...

Full article: http://inhabitat.com/15-billion-settlement-approved-after...

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