Volkswagen closing in on ‘final’ US fines settlement

Volkswagen could reach a “final” settlement with US authorities as early as October over its large-engine diesel cars found to have cheated emissions tests in a global scandal, the sales chief of its premium Audi brand said.

Dietmar Voggenreiter, head of sales and marketing worldwide for Audi, told Reuters that negotiations related to 3-litre engine VW and Audi cars were progressing well.

“[We’re] in really good discussions with US authorities,” said Mr Voggenreiter. “Hopefully in October, latest the beginning of November, we will have the final agreement with the US.”