Volkswagen diesel settlement News

VW Investors’ $48M Diesel Settlement Receives Preliminary OK

A U.S. judge in California has granted preliminary approval to a $48 million settlement for investors who said Volkswagen AG made false and misleading statements over its excess diesel emissions. Lawyers for the investors, who include police and other municipal …

Appeals Court Upholds Volkswagen’s $10 Billion Diesel Settlement with Owners

A federal appeals court on Monday upheld Volkswagen’s $10.03 billion settlement with the owners of nearly 500,000 polluting diesel vehicles announced in 2016. The three-judge panel of the U.S. 9th Circuit Court of Appeals said, in dismissing a number of …

U.S. Judge Approves $14.7 Billion Settlement for VW Diesel Car Owners

A U.S. judge on Tuesday approved one of the biggest corporate settlements on record, Volkswagen AG’s $14.7 billion deal arising from its diesel emissions cheating scandal, and the German automaker said it would begin buying back polluting cars in mid-November. …

Judge ‘Strongly’ Inclined to Approve Volkswagen $14.7 Billion Settlement

Volkswagen AG and car owners will likely secure a federal judge’s final sign-off on their $14.7 billion settlement as the automaker continues to seek regulators’ approval of a fix for 482,000 pollution-spewing vehicles still on U.S. roads. U.S. District Judge …

How U.S. and EU Differ in Handling Volkswagen Diesel Scandal

If you own a Volkswagen with a diesel engine in the U.S., the company will buy back your car and give you as much as $10,000. If you drive in Europe, you may only get a piece of pipe. As …

Update: Volkswagen’s U.S. Diesel Settlement Tab to Top $15 Billion

German automaker Volkswagen AG will pay more than $15.3 billion to settle charges that it cheated on U.S. diesel emissions tests, an agreement that will fund buybacks for consumers and provide up to $4.7 billion that could benefit makers of …

VW Reported Close to $10 Billion Deal with U.S. for Diesel Fraud

Volkswagen AG has agreed to set aside at least $10 billion to resolve civil claims by the U.S. government and lawsuits by American car owners over diesel vehicles rigged to cheat pollution controls, a person with direct knowledge of the …