21 Dec '16, 6pm

Volkswagen Agrees to $1 Billion Settlement For Polluting 3.0-Liter Diesel Engines

Volkswagen Agrees to $1 Billion Settlement For Polluting 3.0-Liter Diesel Engines

Volkswagen AG yesterday agreed to a $1 billion settlement to fix or buy back 80,000 polluting 3.0-liter V-6 diesel vehicles in another, but not the last, step to put its diesel emissions scandal behind it. The affected vehicles include models from Audi, Porsche and Volkswagen that were equipped with software to cheat U.S. emission standards. The deal is in addition to the $15 billion settlement in June that covered 475,000 VW’s with a smaller 2.0-liter four-cylinder diesel engine that had a secret “defeat device” software to cheat exhaust emissions tests and make them appear cleaner in testing than they actually were. SEE ALSO: Volkswagen Diesel Scandal Affecting Public Perceptions, Whole Automotive Industry Automotive News reported that under the new agreement VW will buy back or fix 20,000 of the affected vehicles and fix another 60,000. If the German automaker can’t com...

Full article: http://www.hybridcars.com/volkswagen-agrees-to-1-billion-...

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