What About My Car? Details of the VW Settlement for Owners
- Consumers get up to $10,000 on top of buy-back or repair
- Proposed settlement filed Tuesday in California court
VW Pays $15 Billion to Settle Diesel Scandal in U.S.
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Nine months after the Volkswagen AG scandal shocked the world, the carmaker has reached an agreement with regulators and car owners. The settlement, if approved by the federal judge overseeing the case, will let owners of about 500,000 2.0-liter diesels sell their cars back to VW or wait for the company to come up with a fix that passes muster with environmental authorities.
Here’s what to expect: