VW SETTLEMENT

Judgment Day in the United States

file- View of a Volkswagen dealer in Boston, USA, 29 June 2016. U.S. District Judge Charles Breyer has scheduled a hearing to approve a proposed settlement between Volkswagen and consumer plaintiffs on 18th Ocrober. Photo: Adam Glanzman/dpa (zu "Anhörung beim US-Richter Charles Breyer zur finalen Genehmigung des Milliarden-Vergleichs im Abgas-Skandal" vom 18.10.2016) +++(c) dpa - Bildfunk+++
VW is waiting to see whether it can breath at least one sigh of relief.
  • Why it matters

    Why it matters

    The federal court’s approval of the $10-billion settlement with U.S. diesel owners would allow Volkswagen to begin turning the page on the diesel emissions scandal.

  • Facts

    Facts

    • Volkswagen has agreed to shell out $10 billion to the owners of some 500,000 2.0-liter diesel vehicles in the United States.
    • Federal Judge Charles Breyer granted preliminary approval for the settlement in July, calling it fair and reasonable. His final decision is expected in the coming days.
    • Volkswagen also faces lawsuits from 17 U.S. state governments and a criminal investigation by the U.S. Justice Department.
  • Audio

    Audio

  • Pdf

After a months-long process, U.S. Judge Charles Breyer on Tuesday will hear the final testimony from hundreds of U.S. diesel owners who have sued Volkswagen for making false claims about the emissions values of their cars.

Based on Tuesday’s testimony, Mr. Breyer will decide whether the $10 billion (€9.1 billion) that VW has offered some 500,000 U.S. diesel owners is appropriate compensation for their troubles.

Last September, Volkswagen admitted to installing software in 11 million diesel vehicles worldwide to cheat emissions tests. The settlement in the United States would cover 2.0-liter TDI diesel vehicles which have the cheat software installed.

Even if Mr. Breyer approves the $10 billion deal as expected, the automaker’s legal quagmire in the United States is far from over. Missouri has now joined 16 other U.S. states in suing Volkswagen for violating their local environmental laws.

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