Rumored: Volkswagen Reaches A Deal Over the Diesel Emission Scandal
German newspaper Die Welt reports that Volkswagen and the U.S. Government were able to reach a settlement and that it will be presented to U.S. District Judge Charles Breyer tomorrow. Details about the settlement are unknown except for one key item. According to sources, Volkswagen will be giving out $5,000 to affected owners in the U.S.
Other details such as a possible fix or a timeline could be revealed at the hearing tomorrow.
If Volkswagen and the U.S. Government had not reached a deal, what would happen?
As we reported last month, Judge Breyer would have considered bringing this issue to trial this summer.
But this isn't the end of Volkswagen's legal troubles?
Far from it. Volkswagen has a number of class-action lawsuits from owners over the diesel emission scandal. Then there is the Federal Trade Commission lawsuit over Volkswagen's Clean Diesel ad campaign.