U.S. regulators approve fix for 38,000 Volkswagen 3.0-liter diesel SUVs

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U.S. and California regulators have approved a repair for about 38,000 Volkswagen 3.0-liter vehicles with possible excess emissions, a decision that could save the car manufacturer over $1 billion, as per a letter revealed on Monday. The approval indicates the automaker will not need to buy back luxury 2013-2016 model-year diesel Porsche Cayenne, Volkswagen Touareg […]

Volkswagen to Pay Over $10 Billion to Settle Emissions Claims

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Volkswagen AG is near to a $10 billion civil settlement, the biggest in the auto industry’s history, to compensate U.S. owners of automobiles affected by the German automobile maker’s emissions-cheating scandal. Under the proposed offer, Volkswagen would offer to buy back automobiles and offer extra payment for owners of almost 500,000 diesel-powered cars with two-liter […]