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VW to pay each US customer $5,000 to settle dieselgate

2016-04-21 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: BERLIN Volkswagen has reached a deal with U.S. authorities to settle the case over its cheating of diesel emissions tests that would involve it paying each affected customer $5,000, Germany's Die Welt newspaper reported on Wednesday. Citing unidentified sources close to the negotiations, Die Welt said the agreement would be presented on Thursday to Judge Charles Breyer in San Francisco, avoiding a trial. Earlier on Wednesday, the possibility of a settlement had boosted the carmaker's shares...

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Category:Electronics and Electrical

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