emissions scandal

The U.S. Justice Department and Volkswagen AG have agreed to a $14.7 billion settlement over the German automaker’s cheating of diesel emissions tests. The settlement will be filed today in a San Francisco, CA federal court, Bloomberg reported. As part of the deal, VW will offer one of two options to U.S. owners of diesel

Volkswagen AG will buy back about 500,000 diesel vehicles which were part of the emissions scandal that rocked the German automaker last year when it became known the vehicles used illegal software to cheat U.S. emissions law. The new buyback program for applicable diesel vehicles includes versions of the VW Jetta and Golf, as well