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Volkswagen reaches diesel settlement agreement

Thursday, April 21, 2016 - 01:17

The deal in principle will include a buyback offer for 482,000 vehicles and a possible fix if regulators agree on it, or a lease cancellation. Bobbi Rebell reports.

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A major step for both let any trying to get the issue of access diesel emissions in nearly 600000 polluting vehicles. The automaker reached a deal in principle with the US Justice Department that includes buyback offers and a possible fix. It could cost VW more than ten billion dollars to comply according to chew people briefed on the matter. Roberts Jeff Pratt is the attorney representing Volkswagen. Work hard try to get this resolved. The US government and Volkswagen have until June 21. Two completes his final consent decree. That will face public comment and need judicial approval before taking effect attorney David Boies represented the plaintiffs. I think that vote Clinton. I hope so. But they'll get a chance to view a chick cars Eric Kleiman at least we've got some sort of commitment in terms of funds Volkswagen is setting aside and some of the initiatives that they're doing to help restore confidence for the brand in the US market. The deal is expected to resolve more than 600 class action civil suits filed in US courts.

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Volkswagen reaches diesel settlement agreement

Thursday, April 21, 2016 - 01:17