Volkswagen agrees billion dollar settlement linked to emissions scandal

Volkswagen has agreed to pay at least $1.2bn (€1.12 bn) as part of a settlement linked to the emissions scandal.

The money will be paid by way of buybacks and compensation to US owners of cars rigged to cheat emissions tests.

The German carmaker could pay even more - as much as $4bn - if it cannot repair many of the cars in a way that satisfies regulators.

The proposed settlement covers owners of some 78,000 Audi, Volkswagen and Porsche cars.


More in this Section

OECD predicts unsustainable rise in use of raw materials

People encouraged to start search for Christmas jobs early

Dr Martens stamps authority with rising profit

Jobpath finds jobs for 20,000 long-term unemployed


Breaking Stories

Here's how to taste Honey properly

National Curry Week: 7 unusual ingredients to spice up your dish

5 ways to beat FOMOMG – the fear of missing out on your life goals

Everything you need to know about presenter Maya Jama’s eclectic and 90s-inspired style

More From The Irish Examiner