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.