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Volkswagen Agrees to Pay $14.7 Billion to Settle Diesel Scandal Claims in the U.S

2016-06-28 01:13:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Volkswagen has agreed to pay nearly $15 billion to settle claims stemming from its diesel emissions cheating scandal in what would be one of the largest consumer class-action settlements ever in the United States. The proposed settlement, valued at $14.7 billion and involving the federal government and lawyers representing the owners of about 475,000 Volkswagen vehicles, includes just over $10 billion to buy back affected cars at their pre-scandal values, and additional cash compensation for the...

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