Volkswagen and US regulators are almost ready to sign an agreement to settle the 3.0-liter TDI vehicles involved in the emissions scandal, but last minute negotiations have delayed a final resolution to later today.
reports that VW will pay $200 million to offset emissions from its large diesel engine. That’s on top of the $2.7 billion it agreed to pay in the 2.0-liter settlement.
The two sides, though, have not come to an agreement on how much VW will have to pay to buy back the vehicles with the affected engines.
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Reports have indicated that VW will offer to buy back the 20,000 oldest vehicles with the 3.0-liter TDI engine, and will fix about 60,000 vehicle’s newer ones.
A deal such as this could end up saving VW billions. The 3.0-liter diesels in question were primarily fitted to luxury SUVs from VW, Audi, and Porsche, so the cost of buying these back could escalate quickly.
The two sides are expected to come to an agreement later today. VW could still face billions in fines from the Justice Department, in the wake of the criminal investigation related to the emissions scandal.
[Source: Automotive News]
