Volkswagen to pay about $10.2B to settle emissions claims

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Detroit | Published: June 23, 2016 9:55:56 PM

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. (Reuters)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. (Reuters)

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.

Also Read: Volkswagen will not help UAW union organize Tennessee plant: HR chief

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.

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