Volkswagen has agreed to pay nearly $15 billion to settle claims stemming from its diesel emissions cheating scandal in what would be one of the largest consumer class-action settlements ever in the United States.
The proposed settlement, valued at $14.7 billion and involving the federal government and lawyers representing the owners of about 475,000 Volkswagen vehicles, includes just over $10 billion to buy back affected cars at their pre-scandal values, and additional cash compensation for the owners, according to two people briefed on the settlement’s terms.
'via Blog this'