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VW nears deal with US authorities over diesel emissions cheating - reports

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By Euronews
VW nears deal with US authorities over diesel emissions cheating - reports

<p>Volkswagen has reportedly reached a deal with US authorities to buy back up to half a million cars that cheated diesel emissions tests in the country, and to compensate their owners.</p> <p>The German automaker, which declined to comment on the <a href="http://uk.reuters.com/article/us-volkswagen-emissions-usa-idUKKCN0XH2CX">Reuters report</a>, is expected to unveil a proposed settlement to a federal judge in San Francisco on Thursday (April 21).</p> <p>The <a href="http://wlns.com/2016/04/21/ap-source-vw-to-pay-1b-to-diesel-owners-buy-back-some-cars/">AP news agency</a> said the company could spend almost 900 million euros to compensate the owners of about 600,000 cars affected in the US.</p> <p>It’s still unclear exactly how much each owner would get, but according to German newspaper Die Welt it could be <a href="http://www.cnbc.com/2016/04/20/vw-to-pay-us-customers-5000-each-to-settle-dieselgate-die-welt.html">over 4,000 euros</a>.</p> <p>If a deal is confirmed later in the day, and US authorities are satisfied, the company will avoid a trial. European owners of Volkswagen cars will also be watching.</p> <p>The worldwide scandal broke last year when US regulators found Volkswagen had sold cars with rigged emissions software that enabled them to pollute up to 40 times the legal limits.</p>