VW owners to get buyback price plus at least $5,100 in U.S. deal

June 28, 2016 3:00 PM

34 0

WASHINGTON -- Volkswagen’s decision to cheat on the 2.0-liter diesel vehicles it made the cornerstone of its U.S. vehicle lineup will cost the company nearly $15 billion in far-reaching settlements with purchasers of those cars and the U.S. government.

Included in the settlements, announced by U.S. officials this morning, are $10 billion for customer buybacks, early lease terminations and customer restitution payments, according to a summary filed in U.S. District Court in San Francisco, which is overseeing the VW litigation.

Also read: Stephen Curry signs broad production deal with Sony Pictures

Read more

To category page