Source: VW to Pay About $10.2B to Settle Emissions Claims
Volkswagen has agreed to pay about $10.2 billion to settle claims in the U.S. from its emissions-cheating scandal, according to a person briefed on the matter.
The money would go mainly to compensate 482,000 owners of cars with 2-liter diesel engines that were programmed to cheat on emissions tests, and some money would be paid to the government in penalties.
The person, who didn’t want to be identified because a federal judge has issued a gag order in the case, said that the terms could change by the time they are released by the court on Tuesday.
The person says owners would get $1,000 to $7,000 depending on their car’s age, with an average payment of $5,000.
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.
