VW diesel scam $10 billion settlement pending
After months of negotiating and legal maneuvering, owners of overtly polluting VW diesel cars will receive as much as $7,000 in a settlement levied upon Volkswagen AG. It’s more than 10 times the amount the manufacturer originally offered owners of its vehicles that emit up to 40 times the amounts smog-forming nitrogen oxides. The embattled carmaker has also agreed to to fund a grant program to offset air pollution. It’ part of a $10 billion settlement being negotiated for submission to a federal judge next week. Volkswagen will provide cash payments worth between $1,000 and $7,000, depending on the vehicle’s age and other factors, to compensate nearly 500,000 affected cars. The automaker isn’t expected to be able to repair all
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