Volkswagen emissions scandal: Dieselgate settlement to cost VW $ 15 million

Volkswagen to buy back 85 per cent of the 4,75,000 affected vehicles with the 2.0 TDI engine by June 2019

Overdrive June 29, 2016 09:30:12 IST
Volkswagen emissions scandal: Dieselgate settlement to cost VW $ 15 million

Volkswagen AG has reached a settlement with the concerned U.S. authorities for its infamous dieselgate scandal. According to a Reuters report, the carmaker has agreed to keep aside $ 10.033 billion towards buybacks and fixes, $ 2 billion towards green energy funds and $ 2.7 billion to counter the effect of the diesel emissions.

As a part of the settlement, Volkswagen AG will buy back 85 per cent of its 475,000 vehicles powered by the 2.0 TDI engines which exceed the emission limits by June 2019. Additionally, vehicle owners will receive a...

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Volkswagen emissions scandal: VW might sell off assets to pay back loan
Auto

Volkswagen emissions scandal: VW might sell off assets to pay back loan

Premium brands under the company might be the first to go

Volkswagen to buy back 5 lakh defeat device equipped cars
Auto

Volkswagen to buy back 5 lakh defeat device equipped cars

Volkswagen AG has also offered to set up a compensation fund for owners

Volkswagen emissions scandal: It's official now - VW India to issue recalls
Auto

Volkswagen emissions scandal: It's official now - VW India to issue recalls

If you have an EA 189 engine running in your car, expect a call from Volkswagen anytime starting from the first quarter of 2016