WASHINGTON U.S. District Judge Charles Breyer on
Tuesday delayed a court hearing set for Wednesday on Volkswagen
AG's plan to address 80,000 polluting Audi, Porsche
and VW 3.0-liter vehicles.
In a court order, Breyer said negotiations are continuing
between the German automaker, regulators and lawyers
representing owners, and he set a Dec. 16 hearing, saying he had
been advised that a delay "may produce a resolution of the
Reuters reported on Nov. 15 that VW had reached an agreement
with U.S. regulators for a mix of buybacks and fixes for the
80,000 vehicles, but still needed to reach agreement on other
issues including compensation for owners.
The agreement includes a buyback offer for about 20,000
older Audi and VW SUVs and a software fix for 60,000 newer
Porsche, Audi and VW cars and SUVs, Reuters reported.
In June, VW agreed spend up to $10.03 billion and offered to
buy back 475,000 2.0-liter vehicles and offer compensation of
$5,100 to $10,000 per owner. VW began buying back vehicles last
Two people briefed on the talks said Volkswagen has made
progress in the talks with lawyers representing the owners of
the vehicles in recent days but has not reached a deal.
The 2.0-liter diesel vehicles have software that allowed them
to evade emissions rules in testing and emit up to 40 times the
legally allowable emissions in onroad driving. The 3.0-liter
vehicles have an undeclared auxiliary emissions system that
allowed them to emit up to nine times allowable limits.
As part of a 3.0-liter vehicle settlement, Volkswagen is
expected to pay additional funds into an environmental trust to
offset excess emissions. The company in June agreed to pay $2.7
billion over three years to offset the pollution from the
2.0-liter vehicles. The additional emissions funds will be far
less for the 3.0-liter vehicles, in part because there are fewer
and they pollute less, the sources said.
Volkswagen has already agreed to spend up to $16.5 billion
to date to resolve U.S. diesel emissions cheating allegations.
It may face billions more in fines to resolve a U.S. Justice