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Thursday, 21 April 2016

VW said to pay at least $10 billion in U.S. diesel-cheating deal

According to Bloomberg, VW will pay over $10 billion to settle claims from regulators and consumers arising out of the Dieselgate scandal.This includes the cost of buying back a substantial number of cars - 600,000 being affected in total in the U.S. The agreement was reached days ahead of a deadline imposed by Judge Charles Breyer. It is not entirely clear what owners can expect to receive, but it looks pretty generous.

In Europe, where regulation is less rigorous, the manufacturer has got away with a software fix and in some cases the addition of a tube to modify airflow. No compensation has been offered to customers - or, more importantly, to dealers, although they have received some support.

In Re: Volkswagen “Clean Diesel” Marketing, Sales Practices and Products Liability Litigation, MDL 2672, U.S. District Court, Northern District of California (San Francisco).

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