EMISSIONS Settlement

VW Agrees $15.3-Billion U.S. Settlement

VW Volkswagen CEO Matthias Mueller Detroit Auto Show Jan 2016 source Uli Deck dpa 62237344
With the U.S. settlement, VW's chief executive Matthias Müller can close one of the carmaker's Dieselgate chapters.
  • Why it matters

    Why it matters

    Volkswagen’s proposed $15.3 billion settlement with U.S. customers would reduce the automaker’s exposure to some aspects of the global Dieselgate scandal, but criminal and other probes are pending, and total costs are likely to rise.

  • Facts


    • Volkswagen has reached a settlement with U.S. authorities and diesel owners nearly $15 billion.
    • Owners of VW and Audi vehicles with EA 189 two-liter diesel engines will receive up to $10 billion — up to $10,000 per owner — to have vehicles repaired or returned to VW.
    • Volkswagen will also pay a total of $4.7 billion into a clean emissions fund and to invest in clean engine technology.
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After months of negotiations, Volkswagen’s day of reckoning in the United States has come. The German automaker has agreed to pay up to $15.3 billion (€13.8 billion) to compensate buyers of its affected diesel cars in the United States, including paying penalties to regulators and investing in clean engine technology.

The German automaker acknowledged the pact with the U.S. Environmental Protection Agency and 475,000 U.S. diesel car buyers on Tuesday. In a statement, the company said it filed the settlement in a U.S. District Court in San Francisco, which still has to give its approval to make the deal binding.

The agreement includes $10 billion in payments to U.S. citizens who own 2.0-liter VW or Audi diesel cars, VW said. Each car owner could receive payments of up to $10,000, news agency Reuters reported.

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