Volkswagen Agrees To Fix Or Buy Back Tons Of US Cars In Emissions Deal
According to Bloomberg, the settlement could cost Volkswagen some $10 billion.By Katie Link | April 21, 2016
Volkswagen may be ready to put its money where its mouth is. After months of apologizing for its emissions-cheating scandal, the German automaker has reached a settlement to start righting its wrong.
In a deal made in a California court Thursday, Volkswagen agreed to fix or buy back nearly half a million tainted diesel cars in the U.S.
The terms of the settlement haven’t been released, and the company has until June 21 to make some changes, but we do know the buyback applies to 2-liter diesel vehicles involved in the emissions scandal.