VW emissions scandal: $14.7 billion settlement gets initial approval in US

Wednesday, July 27th, 2016 - autos

Source : VW emissions scandal: $14.7 billion settlement gets initial approval in US

Volkswagen America will Volkswagen repurchase or repair 475,000 vehicles within the United States, along with all the owners set for compensation of up to $ 10,000

Advertisement

Volkswagen has been given preliminary approval for in $ 14.7bn (about £ 11bn) settlement with the vehicle owners within the United States affected by the emissions scandal.

money will be used to compensate some 475,000 drivers, along with This kind of settlement figure could get final approval on October 18 at a hearing.

owners can choose between obtain the fix software or sell their car to VW, along with they will also get additional compensation ranging via $ 5,100 to $ 10,000, regardless of their choice.

Volkswagen continues to draw criticism via political figures, along with that will stands by its decision does not provide compensation to European customers Despite increasing pressure to do so.

claimed speakers via Volkswagen that will compensation is actually not necessary within the UK along with rest of Europe, along with the reform is actually less extensive along with therefore customers will be able via their cars again soon after he had been called.

compensation reached scheme is actually still not a final conclusion, however, as he still needs formal approval by the US judge on October 18 by the compensation along with repurchase can start

along with beyond $ 2BN (about £ 1.5bn) will be put within the automobile emission-free, such as cars powered by hydrogen fuel cells, electric vehicles along with development, while 2.7bn $ (about £ 2BN) will be put within the environmental mitigation.

within the UK, has recently revealed that will Volkswagen has offered to cover the re-testing of emissions Government of vehicle costs. However, the offer was extended only to vehicles of the Volkswagen Group, along with not all of the tested vehicles via various manufacturers, which was said to have cost a total of £ 2000000.

revealed

results of the test plan that will only Volkswagen Group products along with Volkswagen used the so-called “defeat devices, along with discover which raised emissions scandal.

VW also arrived” partial settlement “with the month 44 last State of the A total of $ 603 million.

Moreover, Maryland, fresh York along with Massachusetts are all lawsuits against the a new, accusing that will of violating environmental state fraud laws regulators, according to Reuters . such claims to be in addition to compensation $ 14.7bn.

Jimmy along with Doug Beckwith REVOLTA

by Autocar via RSS



Source: VW emissions scandal: $14.7 billion settlement gets initial approval in US

Related Post :

    Pictures gallery of VW emissions scandal: $14.7 billion settlement gets initial approval in US

    Advertisement
    VW emissions scandal: $14.7 billion settlement gets initial approval in US | admin | 4.5