VW Facing $15bn US Emissions Settlement

 A court in the US is today expected to be given details of an emissions scandal settlement that will cost Volkswagen almost $15bn (£11bn).

News agencies reported that the owners of 482,000 2.0 litre diesel cars fitted with software to cheat testing regimes would benefit most from the financial deal.

It would be the largest sum paid out in an auto scandal in US history.

Sources said owners could either choose to either sell their car back to the company or get a repair – though that option would harm the vehicle’s performance.

Each owner would also pick up compensation of between $5,000 and $10,000 – with time of purchase and the model bought among factors determining the scale of the payment.

For the full article from Sky News, please click here.

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