VW promises $14.7 billion to U.S. owners of cars affected by emissions cheating scandal
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Today, Volkswagen filed court documents outlining its pledge to pay $14.7 billion to American buyers of its two-liter diesel cars, as part of a settlement of the emissions cheating scandal that broke last summer. That amount would translate to $1,000 to $7,000 per customers, depending on the age of each vehicle. Under the terms of the settlement, which will not become final for another month, VW agrees on payouts for vehicle buybacks or repairs for diesel vehicles impacted by the company’s deliberate...