VW to pay about $10.2B to settle emissions claims

DETROIT (AP) – A person briefed on the matter says Volkswagen has agreed to pay about $10.2 billion to settle claims in the U.S. from its emissions-cheating scandal.

The money would go mainly to compensate 482,000 owners of cars with 2-liter diesel engines that were programmed to cheat on emissions tests.

The person says some money would be paid to the government in penalties. The person didn’t want to be identified because a federal judge has issued a gag order in the case. The person says the terms could change by the time they are released by the court on Tuesday.

The person says owners would get $1,000 to $7,000 depending on their cars’ age, with an average payment of $5,000.

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s