Volkswagen AG and car owners will likely secure a federal judge’s final sign-off on their $14.7 billion settlement as the automaker continues to seek regulators’ approval of a fix for 482,000 pollution-spewing vehicles still on U.S. roads. U.S. District Judge Charles Breyer in San Francisco said he is “strongly” inclined to approve the settlement requiring VW to buy back cars with 2.0-liter …
German automaker Volkswagen Group is expected to deliver a $10 billion settlement to cover government fines and compensate owners of vehicles fitted with software …
Volkswagen AG has made substantial progress toward reaching a final settlement by late June with car owners and the US government over the German automaker’s cheating on diesel emissions tests, a federal judge said on Tuesday. US district judge Charles Breyer in San Francisco also reiterated that a settlement will include “substantial compensation” for owners of 482,000 polluting vehicles that …
Volkswagen AG (VOWG_p.DE) has made substantial progress toward reaching a final settlement next month with car owners and the U.S. government over the German automaker’s cheating on diesel emissions tests, a federal judge said on Tuesday. But major issues remain, including how much the world’s No. 2 automaker may have to pay in fines, which could run in the billions of …
The federal judge demanding Volkswagen AG fix 480,000 diesel-cheating vehicles in the U.S. or get them off the road said the automaker is on pace to meet next month’s deadline to reach a deal with car owners. U.S. District Judge Charles Breyer in San Francisco reiterated on Tuesday that buybacks, cash compensation for consumers and a fund to address damages from the excess emissions and future …
A federal judge in San Francisco has given Volkswagen one more month to meet a demand from U.S. regulators for a fix to its diesel engines. The automaker faced a deadline Thursday to create a fix acceptable to the California Clean Air Authority and the Environmental Protection Agency for diesel engines that emit more than acceptable levels of nitrogen oxides. U.S. District Judge Charles Breyer …