VW, EPA reach deal but emissions scandal looms
After months of offers, counter offers and legal maneuvering, Volkswagen has reached an agreement with U.S. authorities to offer nearly 500,000 owners of 2.0-liter diesel VW and Audi vehicles in the United States viable options to address the the company’s admitted wrongdoing to mask excess emissions. The agreed upon deal includes offering affected Volkswagen owners several options — a buyback, lease cancellation and — pending additional government testing and approval — the option to have their vehicles modified. The deal will also include “substantial compensation” for the affected owners, U.S. District Judge Charles Breyer said in a report in the
Read more