• $
  • €
  • ₽
  • ₺
  • £

VW 'to offer diesel buy back deal in US'

VW 'to offer diesel buy back deal in US'
21.04.2016 09:30
Volkswagen and US officials have reached a deal under which the car maker could offer to buy back up to 500,000 diesel cars in the US, according to reports.

The German car giant has also agreed a compensation fund for owners.

VW is expected to reveal the deal to a Federal judge in San Francisco on Thursday.

A VW spokeswoman, the Environmental Protection Agency and the Justice Department declined to comment.

Volkswagen could also offer to repair diesel vehicles if US regulators approve a fix at a future date, reports said.

US District Judge Charles Breyer in March gave VW until Thursday "to announce a concrete proposal for getting the polluting vehicles off the road."

Judge Breyer said in March the "proposal may include a vehicle buy back plan or a fix approved by the relevant regulators that allows the cars to remain on the road with certain modifications."

In September last year the Environmental Protection Agency found that VW cars being sold in the US had a "defeat device" - or software - in diesel engines that could detect when they were being tested, and change the performance to improve results.
Some models could be pumping out up to 40 times the legal limit of the pollutant nitrogen oxide.

In March, Volkswagen's boss Matthias Mueller said that a deal with US authorities over its emissions scandal could take longer and cost more than expected.

He warned that the €6.7bn (£5.2bn) set aside to cover the costs of the scandal might not be enough.

(BBC)


www.ann.az
Twitter
Go
Similar news
Similar news
Central Bank of Azerbaijan Releases Official Exchange Rates for October 23
Business 11:00
Central Bank of Azerbaijan Releases Official Exchange Rates for October 23
Natural Gas Futures Drop on New York Mercantile Exchange
Business 10:30
Natural Gas Futures Drop on New York Mercantile Exchange
Brent Climbs Above $113, WTI Tops $100
Business 10:00
Brent Climbs Above $113, WTI Tops $100
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Business 16:59
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Business 14:30
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Business 14:00
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Brent surges to $110.84, WTI reaches $98.64
Business 13:00
Brent surges to $110.84, WTI reaches $98.64
Azeri Light crude climbs to $119.70 per barrel
Business 12:30
Azeri Light crude climbs to $119.70 per barrel
Gold drops to $4,106 per ounce on COMEX
Business 12:00
Gold drops to $4,106 per ounce on COMEX
Anews TV

Our official Youtube channel

Subscribe