VW to pay US owners up to £7.5k in £11bn emissions scandal deal

Volkswagen will repair or buy back polluting US diesel vehicles and pay owners up to £7,500 under a £11bn deal to settle lawsuits stemming from its emissions cheating scandal, a source close to the talks has said.

VW to pay US owners up to £7.5k in £11bn emissions scandal deal

Volkswagen will repair or buy back polluting US diesel vehicles and pay owners up to £7,500 under a £11bn deal to settle lawsuits stemming from its emissions cheating scandal, a source close to the talks has said.

The figure will be the largest car industry scandal settlement in US history and a huge step in Volkswagen's efforts to address the legal fallout from its admission that its vehicles were designed to fool emissions tests.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited