Federal regulators and Volkswagen have come to an agreement which could benefit many customers who were duped in the company’s widespread emissions scandal.
FOX’s Jeff Monosso has more:
A federal judge has signed off on a deal between Volkswagen, federal regulators and owners, totalling $16.2 billion in fines.
Owner and dealer compensation and buying back emissions cheating 2-liter diesels after Volkswagen was caught in 2015 and later admitted to using the so-called defeat devices to cheat on emissions.
Volkswagen could also be allowed to repair the vehicles though a fix has yet to be approved. VW also faces billions more in costs and fines to address polluting 3-liter vehicles and lawsuits as well as fallout over the scandal in other countries.
Jeff Monosso, FOX News.