On Monday a federal judge gave Volkswagen, U.S. regulators and lawyers for vehicle owners a final extension to attempt to reach a deal for the remaining 80,000 automobiles caught in the automaker’s emissions cheating scandal.
U.S. District Judge Charles Breyer stated that negotians were made complex, with lots of details that needed to be exercised. He approved the parties’ ask for a “final” extension to Tuesday to report whether they had reached a settlement. The judge stated he was positive they would reach one.
Breyer had asked the sides to update him on a possible settlement after twice delaying a Friday hearing to provide more time to negotiate.
The talks intend to hammer out exactly what to do with about 80,000 3-liter diesel cars that were configured to skirt emissions tests. Volkswagen attorney Robert Giuffra has told the automaker believes it can recall and repair the 3-liter automobiles without impacting their performance.
The German automaker formerly reached a deal for the other 475,000 polluting automobiles in the scandal. That settlement provides owners of those 2-liter diesel vehicles the alternative to have Volkswagen buy back their automobiles despite condition for the full trade-in price on September 18, 2015, when the scandal broke, or spend for repairs.
Volkswagen likewise will pay owners $5,100 to $10,000 each, depending on the age of the car and if the owner had it prior September 18 of 2015.
The automaker has accepted to spend to $10 billion compensating customers.
