Feb 15, 2017
VW gets initial backing from US court for diesel settlement
The company, which has already agreed a deal covering 475,000 two-litre cars, will receive a final ruling in May. The court also gave preliminary backing to a separate deal involving Bosch. The German car parts supplier to Volkswagen had proposed a settlement of $327.5m to US diesel VW owners. "This settlement marks an important milestone in Volkswagen's efforts to make things right in the United States," said Robert Giuffra, an attorney representing VW. US District Judge Charles Breyer, in San Francisco, is due to hold a hearing on 11 May on whether to grant final approval for the VW and Bosch deals. VW has now agreed to spend up to $25bn in the US to settle claims from car owners, environmental regulators, US states and dealers. The Federal Trade Commission said said earlier this month that US customers who bought the three-litre diesel cars would be fully compensated "Through a combination of repairs, additional monetary compensation, and buybacks for certain models".
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