Volkswagen 3.0 TDI Settlement Reached Says Reuters

WASHINGTON December 16, 2016; Reuters reported that Volkswagen AG has agreed to pay just over $200 million to offset emissions from about 80,000 3.0-liter diesel U.S. vehicles.

This amount is in addition to $2.7 billion that VW previously agreed to pay to offset emissions from about 475,000 2.0-liter diesel vehicles. U.S.

A sticking point over a comprehensive deal has been how much VW will agree to offer owners in compensation for getting vehicles repaired or selling them back. Talks among Volkswagen, the U.S. Federal Trade Commission and lawyers for the suing owners have gone on for weeks.

Reuters reported on Nov. 15 that Volkswagen had reached agreement with U.S. regulators for a mix of buybacks and fixes for the 80,000 polluting Audi, Porsche and VW 3.0-liter vehicles. The agreement includes a buy-back offer for about 20,000 older Audi and VW SUVs and a software fix for 60,000 newer Porsche, Audi and VW cars and SUVs.A separate, more complex fix is expected to be offered for the older vehicles.

VW has been barred since late 2015 from selling any U.S. diesels.