Volkswagen agrees to pay $200 million to offset U.S. emissions

Volkswagen has accepted to pay just more than $200 million to offset emissions from about 80,000 3.0 liter diesel U.S. automobiles, a source informed Reuters.

The agreement is anticipated to be revealed as early as Monday, and along with to $2.7 billion that the automaker previously agreed to pay to offset emissions from about 475,000 2.0-liter diesel automobiles.

On Friday, US District Judge Charles Breyer, during a hearing that had been delayed for several hours for further negotiations, informed the parties have made “substantial progress and I am optimistic that there will be a resolution.” Breyer gave the sides until Monday to address if they can reach a final agreement on resolving the fate of the 3.0-liter vehicles.